Boston Properties, Inc. (NYSE:BXP) Given Consensus Rating of “Hold” by Brokerages

Boston Properties, Inc. (NYSE:BXP) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $80.92.

A number of analysts have recently commented on the stock. Piper Sandler raised shares of Boston Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $78.00 to $105.00 in a research note on Wednesday, October 23rd. Scotiabank reissued a “sector perform” rating and set a $85.00 target price on shares of Boston Properties in a report on Thursday, November 7th. Compass Point raised Boston Properties from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $88.00 in a research note on Thursday, November 14th. Truist Financial raised their price objective on Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Finally, Wells Fargo & Company upped their target price on shares of Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th.

Boston Properties Stock Performance

NYSE BXP opened at $80.15 on Wednesday. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. Boston Properties has a twelve month low of $56.46 and a twelve month high of $90.11. The stock has a 50-day moving average of $82.38 and a 200 day moving average of $72.75. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 0.55 and a beta of 1.17.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). The business 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 quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $1.86 EPS. Sell-side analysts anticipate that Boston Properties will post 7.1 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 4.89%. The ex-dividend date was Monday, September 30th. Boston Properties’s payout ratio is currently 169.70%.

Insider Buying and Selling at Boston Properties

In other news, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction on Monday, September 9th. The stock was 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 can be accessed through this link. 1.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. lifted its stake 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 worth $35,000 after purchasing an additional 386 shares in the last quarter. UMB Bank n.a. lifted its stake in Boston Properties by 115.5% during the 2nd quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 380 shares in the last quarter. 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 acquired a new position in Boston Properties in the 3rd quarter valued at about $58,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Boston Properties by 61.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 547 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.