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

Several analysts have recently updated their ratings and price targets for Boston Properties (NYSE: BXP):

• 11/7/2024 – Boston Properties had its “sector perform” rating reaffirmed by analysts at Scotiabank. They now have a $85.00 price target on the stock.
• 11/5/2024 – Boston Properties had its price target raised by analysts at UBS Group AG from $64.00 to $80.00. They now have a “neutral” rating on the stock.
• 10/31/2024 – Boston Properties was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/31/2024 – Boston Properties had its price target raised by analysts at Compass Point from $75.00 to $80.00. They now have a “neutral” rating on the stock.
• 10/28/2024 – Boston Properties had its price target raised by analysts at Barclays PLC from $65.00 to $88.00. They now have an “equal weight” rating on the stock.
• 10/25/2024 – Boston Properties had its price target raised by analysts at Scotiabank from $82.00 to $91.00. They now have a “sector outperform” rating on the stock.
• 10/23/2024 – Boston Properties was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $105.00 price target on the stock, up previously from $78.00.
• 9/16/2024 – Boston Properties had its price target raised by analysts at Evercore ISI from $77.00 to $84.00. They now have an “outperform” rating on the stock.

Boston Properties Stock Up 0.5 %

BXP stock opened at $79.39 on Thursday. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51. The firm’s fifty day simple moving average is $81.74 and its 200-day simple moving average is $70.77. Boston Properties, Inc. has a 12 month low of $52.61 and a 12 month high of $90.11. The company has a market capitalization of $12.55 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data 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). Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The company had revenue of $859.23 million during the quarter, compared to analyst estimates of $829.91 million. During the same period last year, the firm earned $1.86 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that Boston Properties, Inc. will post 7.1 earnings per share for the current year.

Boston Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend was Monday, September 30th. Boston Properties’s dividend payout ratio is currently 169.70%.

Insider Buying and Selling

In other news, EVP Peter V. Otteni sold 4,785 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Peter V. Otteni sold 4,785 shares of Boston Properties stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total value of $351,410.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction on Monday, September 9th. The stock was 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. 1.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Boston Properties

Several institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of Boston Properties in the first quarter valued at approximately $1,187,000. SG Americas Securities LLC lifted its holdings in Boston Properties by 76.8% in the 2nd quarter. SG Americas Securities LLC now owns 110,242 shares of the real estate investment trust’s stock valued at $6,786,000 after purchasing an additional 47,882 shares in the last quarter. M&G Plc acquired a new stake in Boston Properties during the 1st quarter worth $3,807,000. Caxton Associates LP acquired a new stake in Boston Properties during the 1st quarter worth $1,423,000. Finally, DNB Asset Management AS grew its holdings in shares of Boston Properties by 47.3% during the second quarter. DNB Asset Management AS now owns 34,755 shares of the real estate investment trust’s stock worth $2,140,000 after buying an additional 11,163 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.