Boston Properties (NYSE:BXP) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Boston Properties (NYSE:BXP - Free Report) in a report published on Monday, Marketbeat reports. The firm issued a buy rating and a $78.00 price target on the real estate investment trust's stock.

Other equities analysts also recently issued research reports about the company. Scotiabank cut their price target on Boston Properties from $85.00 to $83.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Wedbush downgraded Boston Properties from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 30th. Wells Fargo & Company cut their price target on Boston Properties from $88.00 to $80.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Mizuho lowered their target price on shares of Boston Properties from $92.00 to $86.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, Piper Sandler lowered their price objective on shares of Boston Properties from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Boston Properties has an average rating of "Hold" and an average price target of $80.85.

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Boston Properties Trading Up 0.0 %

Shares of NYSE BXP traded up $0.03 during midday trading on Monday, reaching $68.50. The stock had a trading volume of 2,903,025 shares, compared to its average volume of 1,179,908. Boston Properties has a twelve month low of $56.46 and a twelve month high of $90.11. The company's 50 day moving average price is $70.27 and its 200 day moving average price is $76.52. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 685.07, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. 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 (NYSE:BXP - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. As a group, sell-side analysts expect that Boston Properties will post 6.91 EPS for the current year.

Boston Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date is Monday, March 31st. Boston Properties's dividend payout ratio (DPR) is presently 3,920.00%.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Hilary J. Spann sold 12,379 shares of the business'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 completion of the sale, the executive vice president now directly owns 7,271 shares in the company, valued at $523,657.42. The trade was a 63.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Donna D. Garesche sold 2,143 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total value of $145,445.41. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

Institutional Trading of Boston Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Canada Post Corp Registered Pension Plan bought a new position in shares of Boston Properties during the fourth quarter worth $32,000. Harvest Fund Management Co. Ltd boosted its holdings 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 acquiring an additional 603 shares during the period. Brooklyn Investment Group bought a new position in Boston Properties in the 3rd quarter worth about $58,000. Huntington National Bank raised its stake in shares of Boston Properties by 29.8% during the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 263 shares in the last quarter. Finally, Hurley Capital LLC purchased a new position in Boston Properties during the 4th quarter worth $94,000. 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.