Compass Point Forecasts Strong Price Appreciation for Boston Properties (NYSE:BXP) Stock

Boston Properties (NYSE:BXP - Free Report) had its price objective increased by Compass Point from $75.00 to $80.00 in a report published on Thursday morning, Benzinga reports. They currently have a neutral rating on the real estate investment trust's stock.

Other research analysts also recently issued reports about the company. StockNews.com raised Boston Properties from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Evercore ISI lifted their price target 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. Truist Financial lifted their target price on shares of Boston Properties from $67.00 to $77.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. Wedbush increased their price target on Boston Properties from $63.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Finally, 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 report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Boston Properties has a consensus rating of "Hold" and a consensus target price of $80.75.

Boston Properties Trading Down 2.6 %

Shares of Boston Properties stock traded down $2.19 during trading on Thursday, reaching $80.56. 1,889,896 shares of the stock were exchanged, compared to its average volume of 1,270,013. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 1.90. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 66.79, a price-to-earnings-growth ratio of 0.56 and a beta of 1.18. Boston Properties has a 1 year low of $50.64 and a 1 year high of $90.11. The stock's fifty day moving average is $80.47 and its 200 day moving average is $69.40.

Boston Properties (NYSE:BXP - Get Free Report) last posted its 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). Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The company had revenue of $859.23 million during the quarter, compared to analysts' expectations of $829.91 million. During the same period in the prior year, the business posted $1.86 earnings per share. The company's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts expect that Boston Properties will post 7.11 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Monday, September 30th. Boston Properties's payout ratio is 321.31%.

Insider Activity

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

Hedge Funds Weigh In On Boston Properties

A number of large investors have recently made changes to their positions in the company. Van ECK Associates Corp grew its position in Boston Properties by 12.0% in the 3rd quarter. Van ECK Associates Corp now owns 69,275 shares of the real estate investment trust's stock valued at $6,024,000 after acquiring an additional 7,447 shares during the last quarter. Sun Life Financial Inc. purchased a new stake in shares of Boston Properties during the third quarter valued at $9,674,000. Whittier Trust Co. of Nevada Inc. grew its holdings 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 worth $10,771,000 after purchasing an additional 3,502 shares during the last quarter. Whittier Trust Co. increased its stake in Boston Properties by 4.2% in the 3rd quarter. Whittier Trust Co. now owns 296,354 shares of the real estate investment trust's stock worth $23,844,000 after buying an additional 12,018 shares during the period. Finally, Raymond James & Associates lifted its holdings in Boston Properties by 11.9% during 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 buying an additional 11,752 shares in the last quarter. 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.