Boston Properties (NYSE:BXP) Rating Reiterated by Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of Boston Properties (NYSE:BXPFree Report) in a research note issued to investors on Thursday, Benzinga reports. They currently have a $62.00 price objective on the real estate investment trust’s stock.

A number of other equities research analysts have also weighed in on BXP. Barclays lowered their target price on shares of Boston Properties from $66.00 to $65.00 and set an equal weight rating on the stock in a report on Friday, May 24th. BMO Capital Markets dropped their target price on Boston Properties from $80.00 to $78.00 and set an outperform rating on the stock in a report on Monday, April 8th. Truist Financial decreased their price target on Boston Properties from $75.00 to $67.00 and set a hold rating for the company in a report on Friday, June 14th. StockNews.com cut Boston Properties from a hold rating to a sell rating in a research note on Wednesday, June 19th. Finally, Evercore ISI reduced their target price on shares of Boston Properties from $73.00 to $69.00 and set an outperform rating for the company in a research note on Monday, May 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $69.60.

View Our Latest Analysis on BXP

Boston Properties Trading Up 0.1 %

Shares of Boston Properties stock opened at $61.50 on Thursday. The stock has a market capitalization of $9.66 billion, a PE ratio of 50.41, a price-to-earnings-growth ratio of 0.43 and a beta of 1.15. Boston Properties has a 52 week low of $50.64 and a 52 week high of $73.97. The stock has a 50 day moving average price of $60.80 and a two-hundred day moving average price of $64.46. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.77 and a current ratio of 4.77.

Boston Properties (NYSE:BXPGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($1.22). Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The business had revenue of $839.44 million during the quarter, compared to analyst estimates of $808.68 million. During the same period in the previous year, the business posted $1.73 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that Boston Properties will post 7.04 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a $0.98 dividend. The ex-dividend date is Friday, June 28th. This represents a $3.92 annualized dividend and a yield of 6.37%. Boston Properties’s payout ratio is 321.31%.

Institutional Trading of Boston Properties

Several hedge funds have recently made changes to their positions in BXP. McGlone Suttner Wealth Management Inc. bought a new position in shares of Boston Properties during the 4th quarter worth $29,000. Manchester Capital Management LLC increased its stake in shares of Boston Properties by 435.9% in the fourth quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 340 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Boston Properties by 770.9% in the fourth quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 424 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Boston Properties during the 4th quarter valued at approximately $34,000. Finally, Cambridge Trust Co. boosted its holdings in Boston Properties by 80.1% in the 4th quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 250 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Boston Properties Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Boston Properties (NYSE:BXP)

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