Barclays Increases Boston Properties (NYSE:BXP) Price Target to $88.00

Boston Properties (NYSE:BXP - Free Report) had its price objective boosted by Barclays from $65.00 to $88.00 in a report issued on Monday, Benzinga reports. Barclays currently has an equal weight rating on the real estate investment trust's stock.

BXP has been the topic of several other research reports. Scotiabank upped their price objective on Boston Properties from $82.00 to $91.00 and gave the company a "sector outperform" rating in a research note on Friday. StockNews.com raised shares of Boston Properties from a "sell" rating to a "hold" rating in a research note on Thursday, August 8th. Wells Fargo & Company boosted their target price on Boston Properties from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday, September 11th. Truist Financial raised their target price on shares of Boston Properties from $67.00 to $77.00 and gave the stock a "hold" rating in a report on Tuesday, August 27th. Finally, Wedbush boosted their target price on Boston Properties from $63.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Boston Properties presently has an average rating of "Moderate Buy" and a consensus target price of $80.82.

Boston Properties Price Performance

Shares of BXP traded up $0.40 during midday trading on Monday, hitting $87.39. The company's stock had a trading volume of 977,082 shares, compared to its average volume of 1,262,460. The company's fifty day simple moving average is $79.91 and its two-hundred day simple moving average is $69.13. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 71.63, a price-to-earnings-growth ratio of 0.56 and a beta of 1.18. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 1.90. Boston Properties has a one year low of $50.64 and a one year high of $90.11.

Boston Properties (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($1.21). The business had revenue of $850.48 million for the quarter, compared to analyst estimates of $819.49 million. Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. Boston Properties's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 EPS. As a group, equities analysts expect that Boston Properties will post 7.11 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Monday, September 30th. Boston Properties's payout ratio is 321.31%.

Insider Transactions at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Raymond A. Ritchey sold 21,835 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter V. Otteni sold 4,785 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total value of $351,410.40. The disclosure for this sale can be found here. Insiders own 1.35% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sun Life Financial Inc. bought a new stake in shares of Boston Properties during the third quarter worth $9,674,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Boston Properties by 2.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 133,871 shares of the real estate investment trust's stock valued at $10,771,000 after buying an additional 3,502 shares in the last quarter. Whittier Trust Co. increased its stake in shares of Boston Properties by 4.2% during the 3rd quarter. Whittier Trust Co. now owns 296,354 shares of the real estate investment trust's stock worth $23,844,000 after purchasing an additional 12,018 shares during the last quarter. Raymond James & Associates raised its stake in Boston Properties by 11.9% in the 3rd quarter. Raymond James & Associates now owns 110,587 shares of the real estate investment trust's stock valued at $8,898,000 after acquiring an additional 11,752 shares during the period. Finally, Blue Trust Inc. grew its stake in Boston Properties by 60.5% in the 3rd quarter. Blue Trust Inc. now owns 5,669 shares of the real estate investment trust's stock valued at $456,000 after buying an additional 2,138 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

Boston Properties Company Profile

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.