Analysts Set Boston Properties, Inc. (NYSE:BXP) Price Target at $82.08

Boston Properties, Inc. (NYSE:BXP) has been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $81.31.

BXP has been the topic of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of Boston Properties from $88.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Jefferies Financial Group cut their price objective on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Piper Sandler cut 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 cut their price target on shares of Boston Properties from $89.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Mizuho cut their price target on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th.

Boston Properties Price Performance

Shares of NYSE BXP opened at $65.55 on Friday. Boston Properties has a 1 year low of $56.46 and a 1 year high of $90.11. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51. The company’s 50-day moving average is $70.43 and its 200 day moving average is $76.73. The stock has a market capitalization of $10.37 billion, a P/E ratio of 655.57, a P/E/G ratio of 0.91 and a beta of 1.19.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts expect that Boston Properties will post 6.91 earnings per share for the current year.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Tuesday, December 31st were given a dividend of $0.98 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a yield of 5.98%. Boston Properties’s dividend payout ratio (DPR) is 3,920.00%.

Insider Activity at Boston Properties

In other Boston Properties news, EVP Hilary J. Spann sold 12,379 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 7,271 shares in the company, valued at approximately $523,657.42. This trade represents a 63.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Donna D. Garesche sold 2,143 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total transaction of $145,445.41. The disclosure for this sale can be found here. 1.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Canada Post Corp Registered Pension Plan bought a new stake in shares of Boston Properties during the 4th quarter valued at $32,000. Harvest Fund Management Co. Ltd raised its position in shares of Boston Properties by 5,025.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 603 shares during the period. Brooklyn Investment Group bought a new stake in shares of Boston Properties during the 3rd quarter valued at $58,000. Huntington National Bank raised its position in shares of Boston Properties by 29.8% during the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 263 shares during the period. Finally, Hurley Capital LLC bought a new stake in shares of Boston Properties during the 4th quarter valued at $94,000. 98.72% of the stock is currently owned by institutional investors.

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.