Shares of Boston Properties, Inc. (NYSE:BXP - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $74.74 and traded as high as $76.88. Boston Properties shares last traded at $76.23, with a volume of 677,552 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on BXP shares. Scotiabank reaffirmed a "sector perform" rating and set a $85.00 price target on shares of Boston Properties in a report on Thursday, November 7th. StockNews.com downgraded Boston Properties from a "hold" rating to a "sell" rating in a research note on Thursday, October 31st. Truist Financial increased their price target on Boston Properties from $77.00 to $83.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Piper Sandler upgraded shares of Boston Properties from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $78.00 to $105.00 in a research note on Wednesday, October 23rd. Finally, UBS Group increased their price objective on shares of Boston Properties from $64.00 to $80.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Boston Properties presently has a consensus rating of "Hold" and an average price target of $81.38.
Read Our Latest Research Report on BXP
Boston Properties Stock Down 2.1 %
The company has a debt-to-equity ratio of 2.01, a quick ratio of 5.51 and a current ratio of 5.51. The company has a market cap of $11.80 billion, a P/E ratio of 32.30, a P/E/G ratio of 0.55 and a beta of 1.17. The stock has a 50 day moving average price of $80.73 and a 200 day moving average price of $74.85.
Boston Properties (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $1.81 by ($1.28). The business had revenue of $859.23 million during the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. Boston Properties's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 earnings per share. Research analysts expect that Boston Properties, Inc. will post 7.1 earnings per share for the current fiscal year.
Boston Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders 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 annualized dividend and a dividend yield of 5.25%. Boston Properties's dividend payout ratio is currently 169.70%.
Institutional Investors Weigh In On Boston Properties
Several large investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Boston Properties by 0.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust's stock valued at $1,261,000 after acquiring an additional 150 shares during the period. Mystic Asset Management Inc. boosted its position in shares of Boston Properties by 3.1% in the second quarter. Mystic Asset Management Inc. now owns 5,541 shares of the real estate investment trust's stock worth $341,000 after buying an additional 165 shares during the period. Signaturefd LLC grew its holdings in shares of Boston Properties by 2.6% during the second quarter. Signaturefd LLC now owns 6,597 shares of the real estate investment trust's stock valued at $406,000 after buying an additional 168 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Boston Properties by 0.3% during the second quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust's stock valued at $3,917,000 after buying an additional 175 shares during the period. Finally, Sustainable Insight Capital Management LLC lifted its stake in Boston Properties by 7.5% in the 2nd quarter. Sustainable Insight Capital Management LLC now owns 4,300 shares of the real estate investment trust's stock worth $265,000 after acquiring an additional 300 shares in the last quarter. 98.72% of the stock is owned by institutional investors.
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.
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