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

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

Several analysts have commented on the stock. UBS Group lifted their target price on shares of Boston Properties from $64.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company raised their price objective on Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Piper Sandler upgraded Boston Properties from a “neutral” rating to an “overweight” rating and upped their target price for the company from $78.00 to $105.00 in a research note on Wednesday, October 23rd. Compass Point raised Boston Properties from a “neutral” rating to a “buy” rating and raised their price target for the stock from $80.00 to $88.00 in a research note on Thursday, November 14th. Finally, StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st.

Boston Properties Stock Down 2.1 %

BXP opened at $74.61 on Friday. The firm has a market cap of $11.80 billion, a P/E ratio of 32.30, a PEG ratio of 0.55 and a beta of 1.17. The business’s fifty day simple moving average is $80.73 and its 200 day simple moving average is $74.97. Boston Properties has a 52 week low of $56.46 and a 52 week high of $90.11. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01.

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

Boston Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Tuesday, December 31st will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is presently 169.70%.

Institutional Investors Weigh In On Boston Properties

Large investors have recently made changes to their positions in the business. Earnest Partners LLC raised its holdings in shares of Boston Properties by 25.9% during the 2nd quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust’s stock valued at $162,348,000 after buying an additional 542,610 shares during the period. Sei Investments Co. grew its position in Boston Properties by 32.9% in the second quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust’s stock valued at $92,567,000 after acquiring an additional 371,946 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Boston Properties during the second quarter valued at approximately $12,914,000. Massachusetts Financial Services Co. MA raised its stake in shares of Boston Properties by 6.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,923,225 shares of the real estate investment trust’s stock valued at $118,394,000 after purchasing an additional 120,650 shares during the period. Finally, Sun Life Financial Inc. acquired a new position in shares of Boston Properties during the third quarter worth $9,674,000. 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.