Boston Properties, Inc. (NYSE:BXP) Receives $80.92 Average Target Price from Analysts

Shares of Boston Properties, Inc. (NYSE:BXP) have been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $81.38.

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their price target on Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Evercore ISI lifted their price target on Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Barclays lifted their price target on Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Finally, Compass Point upgraded Boston Properties from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $88.00 in a report on Thursday, November 14th.

Insider Transactions at Boston Properties

In other news, EVP Raymond A. Ritchey sold 21,835 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BXP. Point72 Asia Singapore Pte. Ltd. grew its holdings in Boston Properties by 212.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 386 shares during the period. UMB Bank n.a. grew its holdings in Boston Properties by 115.5% during the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 380 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in Boston Properties by 5,025.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 603 shares during the period. Brooklyn Investment Group acquired a new position in Boston Properties during the third quarter worth $58,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Boston Properties by 61.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 547 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Stock Performance

BXP opened at $80.36 on Wednesday. Boston Properties has a 12-month low of $56.46 and a 12-month high of $90.11. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $12.71 billion, a PE ratio of 34.79, a P/E/G ratio of 0.55 and a beta of 1.17. The firm has a 50 day moving average of $82.34 and a two-hundred day moving average of $72.85.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data 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 analyst estimates of $829.91 million. During the same period in the previous year, the business earned $1.86 EPS. Boston Properties’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Boston Properties will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Monday, September 30th. Boston Properties’s dividend payout ratio (DPR) is presently 169.70%.

About Boston Properties

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.