Boston Properties (BXP) – Research Analysts’ Recent Ratings Updates

Boston Properties (NYSE: BXP) recently received a number of ratings updates from brokerages and research firms:

• 9/11/2024 – Boston Properties had its price target raised by analysts at Scotiabank from $76.00 to $82.00. They now have a “sector outperform” rating on the stock.
• 9/11/2024 – Boston Properties had its price target raised by analysts at Wells Fargo & Company from $73.00 to $80.00. They now have an “overweight” rating on the stock.
• 9/3/2024 – Boston Properties had its price target raised by analysts at Piper Sandler from $70.00 to $78.00. They now have a “neutral” rating on the stock.
• 8/28/2024 – Boston Properties had its price target raised by analysts at Evercore ISI from $76.00 to $77.00. They now have an “outperform” rating on the stock.
• 8/27/2024 – Boston Properties had its price target raised by analysts at Truist Financial Co. from $67.00 to $77.00. They now have a “hold” rating on the stock.
• 8/8/2024 – Boston Properties was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/7/2024 – Boston Properties had its price target raised by analysts at Scotiabank from $74.00 to $76.00. They now have a “sector outperform” rating on the stock.
• 8/5/2024 – Boston Properties had its price target raised by analysts at Wedbush from $63.00 to $70.00. They now have a “neutral” rating on the stock.
• 7/31/2024 – Boston Properties was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 7/23/2024 – Boston Properties was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Boston Properties Price Performance

Shares of BXP traded up $1.45 during mid-day trading on Friday, reaching $80.06. The stock had a trading volume of 1,207,436 shares, compared to its average volume of 1,292,195. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 65.62, a PEG ratio of 0.35 and a beta of 1.18. Boston Properties, Inc. has a 12 month low of $50.64 and a 12 month high of $80.58. The business has a fifty day moving average of $70.01 and a 200 day moving average of $64.69. The company has a debt-to-equity ratio of 1.90, a quick ratio of 4.83 and a current ratio of 4.83.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.21). The firm had revenue of $850.48 million during the quarter, compared to the consensus estimate of $819.49 million. Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 earnings per share. Equities analysts predict that Boston Properties, Inc. will post 7.11 EPS for the current year.

Boston Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.98 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.90%. Boston Properties’s payout ratio is currently 321.31%.

Insider Transactions at Boston Properties

In other news, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $74.25, for a total value of $1,621,248.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Peter V. Otteni sold 4,785 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Raymond A. Ritchey sold 21,835 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.75. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Boston Properties

Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. raised its stake in shares of Boston Properties by 593.7% in the fourth quarter. Victory Capital Management Inc. now owns 35,109 shares of the real estate investment trust’s stock valued at $2,464,000 after acquiring an additional 30,048 shares during the period. Principal Securities Inc. purchased a new stake in shares of Boston Properties in the fourth quarter valued at $93,000. Jump Financial LLC purchased a new stake in shares of Boston Properties in the fourth quarter valued at $337,000. Dimensional Fund Advisors LP raised its stake in shares of Boston Properties by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,228,879 shares of the real estate investment trust’s stock valued at $156,407,000 after acquiring an additional 22,074 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Boston Properties by 9.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,433 shares of the real estate investment trust’s stock valued at $732,000 after acquiring an additional 935 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.