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

Shares of Boston Properties, Inc. (NYSE:BXP - Get Free Report) have received an average recommendation of "Hold" from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $82.23.

Several research firms have issued reports on BXP. Truist Financial boosted their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Scotiabank restated a "sector perform" rating and issued a $85.00 price target on shares of Boston Properties in a report on Thursday, November 7th. Jefferies Financial Group reduced their price target on shares of Boston Properties from $93.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. StockNews.com lowered shares of Boston Properties from a "hold" rating to a "sell" rating in a report on Thursday, October 31st. Finally, Compass Point upgraded shares of Boston Properties from a "neutral" rating to a "buy" rating and boosted their price target for the company from $80.00 to $88.00 in a report on Thursday, November 14th.

Insider Buying and Selling

In other Boston Properties news, EVP Hilary J. Spann sold 12,379 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction of $891,535.58. Following the transaction, the executive vice president now owns 7,271 shares in the company, valued at approximately $523,657.42. This represents a 63.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Canada Post Corp Registered Pension Plan acquired a new position in Boston Properties during the 4th quarter valued at approximately $32,000. Harvest Fund Management Co. Ltd increased its stake in 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 purchasing an additional 603 shares in the last quarter. Brooklyn Investment Group acquired a new position in Boston Properties during the 3rd quarter valued at approximately $58,000. Huntington National Bank increased its stake in Boston Properties by 29.8% during the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 263 shares in the last quarter. Finally, Hurley Capital LLC acquired a new position in Boston Properties during the 4th quarter valued at approximately $94,000. Institutional investors and hedge funds own 98.72% of the company's stock.

Boston Properties Trading Down 1.8 %

Boston Properties stock traded down $1.26 during trading hours on Monday, hitting $69.91. The company had a trading volume of 1,159,028 shares, compared to its average volume of 1,230,120. The firm has a market cap of $11.05 billion, a P/E ratio of 699.17, a P/E/G ratio of 0.93 and a beta of 1.18. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. Boston Properties has a 1 year low of $56.46 and a 1 year high of $90.11. The company has a 50-day moving average price of $73.37 and a two-hundred day moving average price of $76.98.

Boston Properties (NYSE:BXP - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating 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, sell-side analysts anticipate that Boston Properties will post 6.91 earnings per share for the current year.

Boston Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Tuesday, December 31st were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.92 annualized dividend and a dividend yield of 5.61%. Boston Properties's dividend payout ratio (DPR) is presently 3,920.39%.

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.