Boston Properties (NYSE:BXP - Free Report) had its price objective lowered by Scotiabank from $85.00 to $83.00 in a research note published on Friday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust's stock.
A number of other analysts have also recently weighed in on the company. Compass Point upgraded Boston Properties from a "neutral" rating to a "buy" rating and raised their price target for the company from $80.00 to $88.00 in a research note on Thursday, November 14th. UBS Group raised their price target on Boston Properties from $64.00 to $80.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Barclays raised their price target on Boston Properties from $88.00 to $89.00 and gave the company an "equal weight" rating in a research note on Monday, November 18th. Wells Fargo & Company cut their price target on Boston Properties from $88.00 to $80.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, Truist Financial raised their price target on Boston Properties from $77.00 to $83.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Boston Properties has a consensus rating of "Hold" and an average price target of $82.08.
Read Our Latest Research Report on BXP
Boston Properties Stock Down 1.3 %
Shares of NYSE BXP traded down $0.86 during mid-day trading on Friday, hitting $67.17. The company had a trading volume of 1,576,794 shares, compared to its average volume of 1,276,765. The company has a market capitalization of $10.62 billion, a PE ratio of 671.73, a price-to-earnings-growth ratio of 0.91 and a beta of 1.18. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51. Boston Properties has a 1-year low of $56.46 and a 1-year high of $90.11. The business's 50-day simple moving average is $71.74 and its 200 day simple moving average is $77.05.
Boston Properties (NYSE:BXP - Get Free Report) last announced 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 return on equity of 3.90% and a net margin of 0.38%. On average, analysts predict that Boston Properties will post 6.91 earnings per share for the current year.
Boston Properties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend was Tuesday, December 31st. Boston Properties's dividend payout ratio (DPR) is currently 3,920.00%.
Insider Buying and Selling
In related news, EVP Hilary J. Spann sold 12,379 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was 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 of the company's stock, valued at $523,657.42. This trade represents a 63.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.35% of the company's stock.
Hedge Funds Weigh In On Boston Properties
A number of hedge funds and other institutional investors have recently made changes to their positions in BXP. Deutsche Bank AG grew its holdings in shares of Boston Properties by 30.6% during the fourth quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust's stock worth $70,612,000 after buying an additional 222,284 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Boston Properties during the fourth quarter worth about $8,994,000. Wealthfront Advisers LLC grew its holdings in shares of Boston Properties by 198.9% during the fourth quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust's stock worth $11,091,000 after buying an additional 99,248 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Boston Properties by 12.5% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust's stock worth $12,679,000 after buying an additional 18,900 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Boston Properties by 3.5% during the fourth quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust's stock worth $22,812,000 after buying an additional 10,429 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.
Boston Properties Company Profile
(
Get Free Report)
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.
See Also

Before you consider Boston Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boston Properties wasn't on the list.
While Boston Properties currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.