Piper Sandler Has Lowered Expectations for Boston Properties (NYSE:BXP) Stock Price

Boston Properties (NYSE:BXP - Free Report) had its target price cut by Piper Sandler from $100.00 to $85.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the real estate investment trust's stock.

Several other analysts have also recently issued reports on BXP. Wedbush cut shares of Boston Properties from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 30th. Jefferies Financial Group began coverage on Boston Properties in a report on Monday, March 17th. They issued a "buy" rating and a $78.00 price objective on the stock. Wells Fargo & Company decreased their price target on shares of Boston Properties from $88.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Barclays decreased their price target on Boston Properties from $89.00 to $79.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Finally, Mizuho dropped their target price on Boston Properties from $92.00 to $86.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boston Properties currently has a consensus rating of "Hold" and a consensus target price of $79.83.

Boston Properties Trading Up 1.2 %

Shares of NYSE BXP traded up $0.78 during midday trading on Tuesday, reaching $63.85. 1,413,164 shares of the stock were exchanged, compared to its average volume of 1,251,891. The stock has a 50 day moving average price of $66.63 and a 200-day moving average price of $74.30. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $10.11 billion, a P/E ratio of 638.56, a P/E/G ratio of 0.91 and a beta of 1.06. Boston Properties has a 52-week low of $54.22 and a 52-week high of $90.11.

Boston Properties (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. Equities research analysts expect that Boston Properties will post 6.91 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a yield of 6.14%. Boston Properties's dividend payout ratio is currently 3,920.00%.

Insider Buying and Selling

In other news, EVP Donna D. Garesche sold 2,143 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total transaction of $145,445.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Hilary J. Spann sold 12,379 shares of the 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 approximately $523,657.42. This trade represents a 63.00 % decrease in their position. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Canada Post Corp Registered Pension Plan bought a new position in Boston Properties in the 4th quarter valued at about $32,000. Sentry Investment Management LLC acquired a new position in shares of Boston Properties during the first quarter valued at approximately $34,000. Brooklyn Investment Group raised its holdings in Boston Properties by 19.8% during the fourth quarter. Brooklyn Investment Group now owns 858 shares of the real estate investment trust's stock worth $64,000 after purchasing an additional 142 shares in the last quarter. Huntington National Bank lifted its position in Boston Properties by 29.8% in the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 263 shares during the period. Finally, Hurley Capital LLC bought a new position in Boston Properties during the 4th quarter valued at $94,000. 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.