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

Shares of Boston Properties, Inc. (NYSE:BXP) have received an average recommendation of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $69.60.

BXP has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of Boston Properties from $75.00 to $67.00 and set a “hold” rating for the company in a report on Friday, June 14th. Morgan Stanley restated an “equal weight” rating and issued a $62.00 price objective on shares of Boston Properties in a research report on Thursday, June 20th. BMO Capital Markets reduced their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. Barclays lowered their price target on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. Finally, StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th.

Boston Properties Price Performance

Shares of BXP stock opened at $65.23 on Friday. The firm’s 50 day moving average price is $61.08 and its two-hundred day moving average price is $63.84. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.77 and a current ratio of 4.77. The stock has a market cap of $10.25 billion, a PE ratio of 53.47, a PEG ratio of 0.40 and a beta of 1.18. Boston Properties has a 52-week low of $50.64 and a 52-week high of $73.97.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($1.22). The company had revenue of $839.44 million during the quarter, compared to the consensus estimate of $808.68 million. Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share. As a group, analysts forecast that Boston Properties will post 7.04 EPS for the current year.

Boston Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a dividend of $0.98 per share. The ex-dividend date is Friday, June 28th. This represents a $3.92 annualized dividend and a yield of 6.01%. Boston Properties’s dividend payout ratio (DPR) is presently 321.31%.

Institutional Investors Weigh In On Boston Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. acquired a new position in Boston Properties during the fourth quarter worth $29,000. Manchester Capital Management LLC raised its holdings in shares of Boston Properties by 435.9% in the 4th quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 340 shares during the period. Sound Income Strategies LLC lifted its stake in Boston Properties by 770.9% in the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 424 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Boston Properties in the 4th quarter valued at about $34,000. Finally, Cambridge Trust Co. grew its holdings in Boston Properties by 80.1% during the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 250 shares during the period. 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.