Brokerages Set Boston Properties, Inc. (NYSE:BXP) PT at $82.00

Boston Properties, Inc. (NYSE:BXP - Get Free Report) has been given an average rating of "Moderate Buy" by the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $82.00.

A number of equities analysts have commented on the company. Wedbush raised Boston Properties from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 8th. Truist Financial raised their price objective on Boston Properties from $77.00 to $83.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. UBS Group upped their target price on shares of Boston Properties from $64.00 to $80.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Jefferies Financial Group reduced their target price on shares of Boston Properties from $93.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Finally, Compass Point upgraded shares of Boston Properties from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $80.00 to $88.00 in a research report on Thursday, November 14th.

Boston Properties Price Performance

BXP stock traded down $0.81 during mid-day trading on Thursday, reaching $71.92. 702,068 shares of the company's stock were exchanged, compared to its average volume of 1,100,429. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51. Boston Properties has a 12-month low of $56.46 and a 12-month high of $90.11. The stock's 50 day moving average is $76.72 and its 200 day moving average is $76.33. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 0.51 and a beta of 1.18.

Boston Properties (NYSE:BXP - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (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%. Boston Properties's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.86 EPS. On average, research analysts expect that Boston Properties will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 5.45%. The ex-dividend date is Tuesday, December 31st. Boston Properties's dividend payout ratio is currently 169.70%.

Institutional Investors Weigh In On Boston Properties

Large investors have recently added to or reduced their stakes in the business. Earnest Partners LLC boosted its stake in shares of Boston Properties by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust's stock valued at $162,348,000 after buying an additional 542,610 shares during the period. Whittier Trust Co. lifted its stake in Boston Properties by 4.2% in the third quarter. Whittier Trust Co. now owns 296,354 shares of the real estate investment trust's stock worth $23,844,000 after acquiring an additional 12,018 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Boston Properties during the 2nd quarter worth approximately $12,914,000. AXA S.A. increased its position in shares of Boston Properties by 22.8% in the 2nd quarter. AXA S.A. now owns 144,492 shares of the real estate investment trust's stock valued at $8,895,000 after purchasing an additional 26,844 shares during the last quarter. Finally, Employees Retirement System of Texas raised its holdings in shares of Boston Properties by 133.3% in the 2nd quarter. Employees Retirement System of Texas now owns 140,000 shares of the real estate investment trust's stock valued at $8,618,000 after purchasing an additional 80,000 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

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.