Boston Properties, Inc. (NYSE:BXP) Receives $69.44 Average Target Price from Analysts

Shares of Boston Properties, Inc. (NYSE:BXP) have received a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $69.44.

BXP has been the topic of a number of recent research reports. Barclays lowered their target price on Boston Properties from $67.00 to $66.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Boston Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $74.00 target price on the stock. BMO Capital Markets dropped their price target on Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. Truist Financial lowered their price objective on shares of Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, March 5th. Finally, StockNews.com raised Boston Properties from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st.

Insider Activity

In related news, EVP Raymond A. Ritchey sold 14,150 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total transaction of $889,186.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Boston Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ieq Capital LLC grew its stake in shares of Boston Properties by 1.5% during the fourth quarter. Ieq Capital LLC now owns 11,184 shares of the real estate investment trust’s stock worth $785,000 after acquiring an additional 164 shares during the last quarter. Park Place Capital Corp lifted its position in shares of Boston Properties by 15.4% during the 3rd quarter. Park Place Capital Corp now owns 1,355 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 181 shares in the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Boston Properties by 2.8% in the first quarter. First Trust Direct Indexing L.P. now owns 6,620 shares of the real estate investment trust’s stock valued at $432,000 after purchasing an additional 182 shares during the period. Carson Advisory Inc. boosted its holdings in Boston Properties by 4.3% in the 4th quarter. Carson Advisory Inc. now owns 4,853 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 202 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Boston Properties by 3.5% in the third quarter. Signaturefd LLC now owns 6,909 shares of the real estate investment trust’s stock worth $411,000 after acquiring an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Boston Properties Stock Down 1.6 %

Shares of Boston Properties stock opened at $61.95 on Tuesday. Boston Properties has a 52-week low of $46.80 and a 52-week high of $73.97. The stock has a market capitalization of $9.73 billion, a PE ratio of 51.20 and a beta of 1.15. The company has a 50-day simple moving average of $63.23 and a two-hundred day simple moving average of $62.82. The company has a debt-to-equity ratio of 1.99, a quick ratio of 5.40 and a current ratio of 5.40.

Boston Properties (NYSE:BXP) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.05). Boston Properties had a return on equity of 2.32% and a net margin of 5.81%. The business had revenue of $828.90 million during the quarter, compared to analysts’ expectations of $811.59 million. During the same period last year, the firm posted $1.86 EPS. Boston Properties’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts anticipate that Boston Properties will post 7.12 EPS for the current fiscal year.

Boston Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date of this dividend is Wednesday, March 27th. Boston Properties’s dividend payout ratio (DPR) is presently 323.97%.

Boston Properties Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.