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

Boston Properties, Inc. (NYSE:BXP) has been assigned an average rating of “Hold” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $80.85.

Several research firms have recently commented on BXP. Compass Point raised Boston Properties from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $88.00 in a research report on Thursday. Evercore ISI upped their target price on Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. UBS Group upped their target price on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Scotiabank reaffirmed a “sector perform” rating and set a $85.00 target price on shares of Boston Properties in a research report on Thursday, November 7th. Finally, Barclays increased their price objective on Boston Properties from $65.00 to $88.00 and gave the company an “equal weight” rating in a report on Monday, October 28th.

Boston Properties Price Performance

Shares of BXP stock opened at $78.53 on Friday. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 0.54 and a beta of 1.18. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. Boston Properties has a twelve month low of $52.61 and a twelve month high of $90.11. The stock has a fifty day simple moving average of $81.94 and a two-hundred day simple moving average of $70.89.

Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $1.81 by ($1.28). The company had revenue of $859.23 million during the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 earnings per share. On average, analysts predict that Boston Properties will post 7.1 EPS for the current fiscal year.

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a $0.98 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.99%. Boston Properties’s payout ratio is 169.70%.

Insider Transactions at Boston Properties

In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction that occurred 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 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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC boosted its holdings in Boston Properties by 0.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust’s stock valued at $1,261,000 after purchasing an additional 150 shares in the last quarter. Mystic Asset Management Inc. boosted its stake in shares of Boston Properties by 3.1% during the 2nd quarter. Mystic Asset Management Inc. now owns 5,541 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 165 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Boston Properties by 2.6% during the 2nd quarter. Signaturefd LLC now owns 6,597 shares of the real estate investment trust’s stock worth $406,000 after acquiring an additional 168 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Boston Properties by 0.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust’s stock worth $3,917,000 after acquiring an additional 175 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC boosted its stake in shares of Boston Properties by 7.5% during the 2nd quarter. Sustainable Insight Capital Management LLC now owns 4,300 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.