Barclays Issues Pessimistic Forecast for Boston Properties (NYSE:BXP) Stock Price

Boston Properties (NYSE:BXP) had its price target trimmed by Barclays from $89.00 to $79.00 in a report published on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

Several other research analysts have also commented on the stock. Wedbush lowered shares of Boston Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 30th. Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and upped their price target for the company from $80.00 to $88.00 in a report on Thursday, November 14th. Mizuho decreased their price objective on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Jefferies Financial Group cut their target price on Boston Properties from $93.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Finally, Piper Sandler decreased their price target on Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $81.31.

Boston Properties Stock Performance

Boston Properties stock opened at $65.55 on Friday. The company’s 50-day moving average price is $70.43 and its 200-day moving average price is $76.73. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. The company has a market cap of $10.37 billion, a PE ratio of 655.57, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. Boston Properties has a twelve month low of $56.46 and a twelve month high of $90.11.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. On average, equities research analysts forecast that Boston Properties will post 6.91 EPS for the current fiscal year.

Boston Properties Dividend Announcement

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

Insider Activity

In related news, EVP Hilary J. Spann sold 12,379 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total transaction of $891,535.58. Following the completion of the sale, the executive vice president now directly owns 7,271 shares in the company, valued at $523,657.42. This represents a 63.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Donna D. Garesche sold 2,143 shares of Boston Properties stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total value of $145,445.41. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Boston Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of BXP. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Boston Properties by 12.5% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock worth $12,679,000 after purchasing an additional 18,900 shares in the last quarter. Toronto Dominion Bank increased its position in Boston Properties by 15.7% during the 3rd quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock valued at $3,966,000 after buying an additional 6,687 shares in the last quarter. Wealthfront Advisers LLC raised its stake in Boston Properties by 198.9% in the fourth quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock valued at $11,091,000 after buying an additional 99,248 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Boston Properties by 1.7% in the fourth quarter. Van ECK Associates Corp now owns 70,444 shares of the real estate investment trust’s stock worth $5,238,000 after acquiring an additional 1,169 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Boston Properties by 1.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock worth $650,000 after acquiring an additional 156 shares during the last quarter. Hedge funds and other 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.