Boston Properties, Inc. (NYSE:BXP) Given Average Rating of “Hold” by Brokerages

Shares of Boston Properties, Inc. (NYSE:BXP) have been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $70.54.

Several analysts recently weighed in on BXP shares. StockNews.com raised Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Morgan Stanley reissued an “equal weight” rating and set a $62.00 price target on shares of Boston Properties in a report on Thursday, June 20th. Truist Financial dropped 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. Evercore ISI lowered their price objective on Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Finally, Barclays lowered their price objective on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th.

Boston Properties Stock Performance

NYSE:BXP opened at $73.12 on Monday. The stock has a market cap of $11.48 billion, a P/E ratio of 59.93, a PEG ratio of 0.46 and a beta of 1.18. The stock has a 50 day simple moving average of $66.26 and a 200 day simple moving average of $63.74. The company has a current ratio of 4.83, a quick ratio of 4.77 and a debt-to-equity ratio of 1.90. Boston Properties has a 1-year low of $50.64 and a 1-year high of $74.15.

Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($1.21). The firm had revenue of $850.48 million for the quarter, compared to analyst estimates of $819.49 million. Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.86 earnings per share. Research analysts anticipate that Boston Properties will post 7.12 earnings per share for the current year.

Boston Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were paid a $0.98 dividend. The ex-dividend date was Friday, June 28th. This represents a $3.92 annualized dividend and a dividend yield of 5.36%. Boston Properties’s payout ratio is 321.31%.

Hedge Funds Weigh In On Boston Properties

Several hedge funds and other institutional investors have recently modified their holdings of BXP. Manchester Capital Management LLC grew its position in Boston Properties by 435.9% during the 4th quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 340 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Boston Properties by 212.1% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 386 shares during the period. UMB Bank n.a. lifted its holdings in Boston Properties by 115.5% during the 2nd quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 380 shares during the period. Abich Financial Wealth Management LLC lifted its holdings in Boston Properties by 59.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 395 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Boston Properties by 61.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 547 shares during the period. Institutional investors 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.