Analysts Set Boston Properties, Inc. (NYSE:BXP) PT at $80.23

Shares of Boston Properties, Inc. (NYSE:BXP) have been given an average recommendation of “Hold” by the thirteen brokerages that are covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $80.23.

Several research analysts recently weighed in on BXP shares. Compass Point boosted their target price on shares of Boston Properties from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Evercore ISI upped their price objective on shares of Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Truist Financial raised their target price on shares of Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. StockNews.com lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th.

Insider Activity

In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total value of $351,410.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Peter V. Otteni sold 4,785 shares of Boston Properties stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $73.44, for a total value of $351,410.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raymond A. Ritchey sold 21,835 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $74.25, for a total value of $1,621,248.75. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Boston Properties by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 23,568,962 shares of the real estate investment trust’s stock valued at $1,539,289,000 after purchasing an additional 122,583 shares during the period. Earnest Partners LLC grew its position in shares of Boston Properties by 25.9% during the second quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust’s stock worth $162,348,000 after acquiring an additional 542,610 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Boston Properties by 6.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,923,225 shares of the real estate investment trust’s stock worth $118,394,000 after acquiring an additional 120,650 shares during the period. Sei Investments Co. lifted its position in Boston Properties by 32.9% in the 2nd quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust’s stock valued at $92,567,000 after purchasing an additional 371,946 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Boston Properties by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,248,824 shares of the real estate investment trust’s stock valued at $76,878,000 after purchasing an additional 38,048 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Boston Properties Trading Down 1.1 %

Shares of Boston Properties stock opened at $81.96 on Friday. The company has a quick ratio of 4.83, a current ratio of 5.51 and a debt-to-equity ratio of 2.01. The company’s 50-day simple moving average is $81.51 and its 200-day simple moving average is $70.50. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. Boston Properties has a 52-week low of $50.64 and a 52-week high of $90.11.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The firm had revenue of $859.23 million for the quarter, compared to analysts’ expectations of $829.91 million. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Boston Properties will post 7.1 earnings per share for the current year.

Boston Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.98 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.92 dividend on an annualized basis and a yield of 4.78%. Boston Properties’s dividend payout ratio is currently 169.70%.

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.