Boston Properties (NYSE:BXP) Upgraded at Compass Point

Compass Point upgraded shares of Boston Properties (NYSE:BXP - Free Report) from a neutral rating to a buy rating in a research report report published on Thursday morning, MarketBeat.com reports. They currently have $88.00 price objective on the real estate investment trust's stock, up from their previous price objective of $80.00.

BXP has been the topic of a number of other reports. Truist Financial lifted their price target on Boston Properties from $67.00 to $77.00 and gave the stock a "hold" rating in a research note on Tuesday, August 27th. Evercore ISI lifted their target price on shares of Boston Properties from $77.00 to $84.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. UBS Group raised their price target 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. Wells Fargo & Company upped their price objective on shares of Boston Properties from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday, September 11th. Finally, Barclays increased their target price on shares of Boston Properties from $65.00 to $88.00 and gave the stock an "equal weight" rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Boston Properties currently has an average rating of "Hold" and a consensus target price of $80.85.

Boston Properties Price Performance

NYSE BXP traded up $0.09 during trading on Thursday, reaching $79.48. The company's stock had a trading volume of 1,273,787 shares, compared to its average volume of 1,274,107. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51. The firm has a fifty day moving average of $81.84 and a 200 day moving average of $70.83. The stock has a market capitalization of $12.57 billion, a PE ratio of 34.47, a P/E/G ratio of 0.54 and a beta of 1.18. Boston Properties has a one year low of $52.61 and a one year high of $90.11.

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 for the quarter, missing analysts' consensus estimates of $1.81 by ($1.28). The firm had revenue of $859.23 million for the quarter, compared to analysts' expectations of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 EPS. Analysts expect that Boston Properties will post 7.1 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend was Monday, September 30th. Boston Properties's dividend payout ratio is presently 169.70%.

Insider Activity at Boston Properties

In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of Boston Properties stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raymond A. Ritchey sold 21,835 shares of the business's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $74.25, for a total value of $1,621,248.75. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BXP. Point72 Asia Singapore Pte. Ltd. lifted its position in Boston Properties by 212.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 386 shares during the period. Harvest Fund Management Co. Ltd lifted its holdings in shares of 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 buying an additional 603 shares during the period. UMB Bank n.a. boosted its stake in shares of Boston Properties by 115.5% in the 2nd quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust's stock worth $44,000 after buying an additional 380 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Boston Properties in the third quarter worth $58,000. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of Boston Properties by 59.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust's stock worth $69,000 after acquiring an additional 395 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

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.