Boston Properties, Inc. (NYSE:BXP) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Boston Properties, Inc. (NYSE:BXP - Get Free Report) have been given an average recommendation of "Hold" by the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $80.23.

Several brokerages have recently commented on BXP. Wedbush boosted their price objective on Boston Properties from $63.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Barclays upped their price target on Boston Properties from $65.00 to $88.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. UBS Group lifted their price objective on shares of Boston Properties from $64.00 to $80.00 and gave the company a "neutral" rating in a research report on Tuesday. Scotiabank reissued a "sector perform" rating and issued a $85.00 target price on shares of Boston Properties in a report on Thursday. Finally, Evercore ISI raised their target price on shares of Boston Properties from $77.00 to $84.00 and gave the company an "outperform" rating in a research note on Monday, September 16th.

Boston Properties Stock Performance

NYSE BXP traded up $0.28 on Friday, reaching $82.90. 1,280,050 shares of the stock were exchanged, compared to its average volume of 1,242,168. The company has a current ratio of 5.51, a quick ratio of 4.83 and a debt-to-equity ratio of 2.01. Boston Properties has a one year low of $50.64 and a one year high of $90.11. The firm has a market capitalization of $13.11 billion, a PE ratio of 35.89, a PEG ratio of 0.55 and a beta of 1.18. The company's 50-day simple moving average is $81.51 and its two-hundred day simple moving average is $70.40.

Boston Properties (NYSE:BXP - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $859.23 million for the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share. Analysts expect that Boston Properties will post 7.1 EPS for the current fiscal year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a $0.98 dividend. The ex-dividend date was Monday, September 30th. This represents a $3.92 annualized dividend and a yield of 4.73%. Boston Properties's dividend payout ratio is currently 169.70%.

Insiders Place Their Bets

In other news, EVP Peter V. Otteni sold 4,785 shares of Boston Properties stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total value of $351,410.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Peter V. Otteni sold 4,785 shares of the firm's stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction dated 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

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. increased its stake in Boston Properties by 212.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust's stock worth $35,000 after buying an additional 386 shares during the period. UMB Bank n.a. increased its position in shares of Boston Properties by 115.5% during the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 380 shares during the period. Abich Financial Wealth Management LLC raised its stake in shares of Boston Properties by 59.1% during the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust's stock valued at $69,000 after acquiring an additional 395 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Boston Properties by 61.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust's stock valued at $89,000 after purchasing an additional 547 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in Boston Properties in the second quarter worth approximately $91,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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.