Boston Properties, Inc. (NYSE:BXP) Receives $77.67 Consensus Price Target from Analysts

Boston Properties, Inc. (NYSE:BXP) has been assigned an average rating of “Hold” from the twelve ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $77.67.

A number of brokerages have recently issued reports on BXP. Truist Financial dropped their target price on Boston Properties from $75.00 to $71.00 and set a “hold” rating on the stock in a research report on Tuesday. UBS Group dropped their target price on Boston Properties from $80.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company dropped their target price on Boston Properties from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Scotiabank dropped their target price on Boston Properties from $85.00 to $83.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Finally, Piper Sandler dropped their target price on Boston Properties from $100.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th.

Insider Activity at Boston Properties

In related news, EVP Donna D. Garesche sold 2,143 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total value of $145,445.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.49% of the stock is owned by corporate insiders.

Institutional Trading of Boston Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG boosted its stake in Boston Properties by 30.6% in the fourth quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust’s stock valued at $70,612,000 after acquiring an additional 222,284 shares during the period. Nuveen LLC acquired a new position in Boston Properties in the first quarter valued at approximately $14,737,000. Raymond James Financial Inc. acquired a new position in Boston Properties in the fourth quarter valued at approximately $8,994,000. Wealthfront Advisers LLC boosted its stake in Boston Properties by 198.9% in the fourth quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock valued at $11,091,000 after acquiring an additional 99,248 shares during the period. Finally, Tredje AP fonden boosted its stake in Boston Properties by 801.4% in the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock valued at $7,251,000 after acquiring an additional 95,948 shares during the period. 98.72% of the stock is owned by institutional investors.

Boston Properties Trading Down 2.3%

NYSE:BXP opened at $67.25 on Wednesday. The business’s 50-day moving average is $64.61 and its two-hundred day moving average is $70.48. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51. Boston Properties has a 12 month low of $54.22 and a 12 month high of $90.11. The firm has a market capitalization of $10.65 billion, a PE ratio of 672.57, a price-to-earnings-growth ratio of 0.91 and a beta of 1.12.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.64 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.01). Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. The company had revenue of $865.22 million during the quarter, compared to analysts’ expectations of $833.89 million. During the same period last year, the business earned $1.73 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts predict that Boston Properties will post 6.91 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 5.83%. The ex-dividend date was Monday, March 31st. Boston Properties’s dividend payout ratio is currently -19,600.00%.

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.