Analysts Set Boston Properties, Inc. (NYSE:BXP) Target Price at $81.08

Boston Properties, Inc. (NYSE:BXP - Get Free Report) has been assigned an average rating of "Hold" from the twelve analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $81.08.

Several research analysts recently weighed in on BXP shares. Wells Fargo & Company cut their target price on Boston Properties from $88.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Wedbush lowered Boston Properties from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 30th. Mizuho reduced their price objective on Boston Properties from $92.00 to $86.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Piper Sandler lowered their target price on Boston Properties from $105.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, Jefferies Financial Group assumed coverage on Boston Properties in a research report on Monday, March 17th. They set a "buy" rating and a $78.00 price target on the stock.

Insider Buying and Selling at Boston Properties

In other news, EVP Hilary J. Spann sold 12,379 shares of Boston Properties stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 owns 7,271 shares in the company, valued at approximately $523,657.42. This trade represents a 63.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Donna D. Garesche sold 2,143 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total value of $145,445.41. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

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Institutional Trading of Boston Properties

A number of institutional investors and hedge funds have recently modified their holdings of BXP. Brooklyn Investment Group raised its position in shares of Boston Properties by 19.8% during the fourth quarter. Brooklyn Investment Group now owns 858 shares of the real estate investment trust's stock worth $64,000 after purchasing an additional 142 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Boston Properties by 1.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust's stock worth $650,000 after buying an additional 156 shares during the period. Huntington National Bank lifted its stake in Boston Properties by 29.8% during the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock valued at $85,000 after buying an additional 263 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in shares of Boston Properties in the fourth quarter worth about $32,000. Finally, Sentry Investment Management LLC purchased a new position in shares of Boston Properties in the first quarter worth approximately $34,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Boston Properties Trading Up 1.5 %

BXP traded up $0.88 during midday trading on Tuesday, hitting $60.54. The company's stock had a trading volume of 1,907,225 shares, compared to its average volume of 1,247,284. The firm has a market cap of $9.58 billion, a P/E ratio of 605.45, a PEG ratio of 0.91 and a beta of 1.06. Boston Properties has a 52-week low of $54.22 and a 52-week high of $90.11. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09. The firm has a 50-day moving average price of $67.34 and a two-hundred day moving average price of $74.74.

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

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.98 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.48%. 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.