Boston Properties, Inc. (NYSE:BXP) Given Consensus Recommendation of "Hold" by Analysts

Boston Properties, Inc. (NYSE:BXP - Get Free Report) has received a consensus rating of "Hold" from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $80.85.

BXP has been the subject of several research reports. Barclays lowered their target price on Boston Properties from $89.00 to $79.00 and set an "equal weight" rating for the company in a report on Friday. Mizuho lowered their price objective on shares of Boston Properties from $92.00 to $86.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company cut their target price on shares of Boston Properties from $88.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Piper Sandler lowered their price target on shares of Boston Properties from $105.00 to $100.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Finally, Truist Financial lifted their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the company a "hold" rating in a report on Wednesday, December 4th.

Insiders Place Their Bets

In other news, EVP Donna D. Garesche sold 2,143 shares of Boston Properties stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total transaction of $145,445.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Hilary J. Spann sold 12,379 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total value of $891,535.58. Following the completion of the transaction, the executive vice president now directly owns 7,271 shares in the company, valued at approximately $523,657.42. The trade was a 63.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company's stock.

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Institutional Investors Weigh In On Boston Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its position in Boston Properties by 9.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,575 shares of the real estate investment trust's stock worth $690,000 after buying an additional 763 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in shares of Boston Properties by 5,025.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 603 shares during the period. Brooklyn Investment Group acquired a new stake in Boston Properties in the third quarter valued at approximately $58,000. Toronto Dominion Bank increased its position in shares of Boston Properties by 15.7% in the third quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust's stock valued at $3,966,000 after buying an additional 6,687 shares in the last quarter. Finally, Sound Income Strategies LLC raised its stake in shares of Boston Properties by 18.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust's stock worth $283,000 after buying an additional 590 shares during the period. Institutional investors and hedge funds own 98.72% of the company's stock.

Boston Properties Trading Up 4.8 %

Shares of NYSE BXP traded up $3.14 during mid-day trading on Friday, reaching $68.65. The company had a trading volume of 1,765,123 shares, compared to its average volume of 1,170,381. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 686.61, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. Boston Properties has a 52 week low of $56.46 and a 52 week high of $90.11. The business's 50-day moving average is $70.43 and its 200-day moving average is $76.73. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09.

Boston Properties (NYSE:BXP - Get Free Report) last issued its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. Equities analysts expect that Boston Properties will post 6.91 earnings per share for the current year.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend was Tuesday, December 31st. Boston Properties's dividend payout ratio (DPR) is presently 3,920.00%.

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.