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

Shares of Boston Properties, Inc. (NYSE:BXP - Get Free Report) have received an average rating of "Hold" from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $81.38.

A number of brokerages have recently weighed in on BXP. Wells Fargo & Company upped their price target on shares of Boston Properties from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. Truist Financial upped their target price on Boston Properties from $77.00 to $83.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Scotiabank reiterated a "sector perform" rating and issued a $85.00 price target on shares of Boston Properties in a research note on Thursday, November 7th. UBS Group boosted their price target on Boston Properties from $64.00 to $80.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Finally, Evercore ISI raised their price objective on 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 Price Performance

Shares of NYSE:BXP traded down $1.62 during trading on Friday, reaching $74.61. 593,288 shares of the company traded hands, compared to its average volume of 1,258,872. The firm has a market capitalization of $11.80 billion, a PE ratio of 32.30, a PEG ratio of 0.55 and a beta of 1.17. Boston Properties has a 52 week low of $56.46 and a 52 week high of $90.11. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01. The company's 50 day moving average is $80.73 and its two-hundred day moving average is $75.07.

Boston Properties (NYSE:BXP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $1.81 by ($1.28). The company had revenue of $859.23 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $1.86 EPS. As a group, sell-side analysts predict that Boston Properties will post 7.1 earnings per share for the current year.

Boston Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Tuesday, December 31st will be issued a $0.98 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a yield of 5.25%. Boston Properties's dividend payout ratio (DPR) is presently 169.70%.

Institutional Investors Weigh In On Boston Properties

Several hedge funds have recently added to or reduced their stakes in BXP. Point72 Asia Singapore Pte. Ltd. grew its position in shares of 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 valued at $35,000 after buying an additional 386 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Boston Properties by 115.5% in 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. Harvest Fund Management Co. Ltd boosted its holdings in Boston Properties by 5,025.0% in the third 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 last quarter. Brooklyn Investment Group acquired a new stake in Boston Properties during the 3rd quarter valued at approximately $58,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Boston Properties by 61.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 547 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.