Boston Properties, Inc. (NYSE:BXP) Receives Average Rating of “Hold” from Analysts

Boston Properties, Inc. (NYSE:BXP) has received an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $81.08.

A number of research firms have commented on BXP. Scotiabank reduced their price objective on Boston Properties from $85.00 to $83.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Piper Sandler decreased their price objective on shares of Boston Properties from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Barclays reduced their target price on shares of Boston Properties from $89.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Wells Fargo & Company lowered their price target on shares of Boston Properties from $88.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Jefferies Financial Group assumed coverage on Boston Properties in a report on Monday, March 17th. They set a “buy” rating and a $78.00 price objective on the stock.

Boston Properties Stock Down 3.3 %

BXP opened at $58.44 on Tuesday. Boston Properties has a twelve month low of $56.44 and a twelve month high of $90.11. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 584.49, a PEG ratio of 0.91 and a beta of 1.06. The firm’s 50-day simple moving average is $68.84 and its 200-day simple moving average is $75.58. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. Equities research analysts anticipate that Boston Properties will post 6.91 EPS for the current fiscal year.

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.98 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.71%. Boston Properties’s dividend payout ratio is 3,920.00%.

Insider Buying and Selling

In related news, EVP Hilary J. Spann sold 12,379 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total value of $891,535.58. Following the completion of the sale, the executive vice president now owns 7,271 shares in the company, valued at $523,657.42. This represents a 63.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Donna D. Garesche sold 2,143 shares of Boston Properties 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 disclosure for this sale can be found here. 1.35% of the stock is owned by insiders.

Institutional Investors Weigh In On Boston Properties

A number of hedge funds have recently modified their holdings of BXP. Toronto Dominion Bank increased its stake in Boston Properties by 15.7% during the 3rd quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock worth $3,966,000 after purchasing an additional 6,687 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Boston Properties by 19.8% in the fourth quarter. Brooklyn Investment Group now owns 858 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 142 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Boston Properties by 1.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock valued at $650,000 after buying an additional 156 shares during the period. Sound Income Strategies LLC increased its position in shares of Boston Properties by 18.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 590 shares in the last quarter. Finally, E. Ohman J or Asset Management AB raised its holdings in shares of Boston Properties by 32.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust’s stock worth $491,000 after acquiring an additional 1,600 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.