Boston Properties (BXP) Receives Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Boston Properties (NYSE:BXP) in a research note issued to investors on Tuesday morning. The brokerage currently has a $133.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $136.00.

Several other analysts have also commented on BXP. Jefferies Group reissued a hold rating on shares of Boston Properties in a research note on Tuesday, February 27th. Evercore ISI upgraded shares of Boston Properties from an in-line rating to an outperform rating in a research report on Monday, March 5th. SunTrust Banks set a $127.00 price target on shares of Boston Properties and gave the company a hold rating in a research report on Monday, January 22nd. BMO Capital Markets set a $130.00 price target on shares of Boston Properties and gave the company a hold rating in a research report on Monday, February 12th. Finally, Edward Jones upgraded shares of Boston Properties from a hold rating to a buy rating in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $132.00.

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Shares of Boston Properties (NYSE BXP) opened at $125.91 on Tuesday. Boston Properties has a one year low of $111.57 and a one year high of $137.35. The company has a market cap of $19,383.51, a P/E ratio of 20.22, a P/E/G ratio of 3.43 and a beta of 0.60. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.92.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 EPS for the quarter, beating the consensus estimate of $1.47 by $0.02. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The business had revenue of $655.23 million during the quarter, compared to analyst estimates of $654.36 million. During the same period in the prior year, the business earned $0.94 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. equities analysts predict that Boston Properties will post 6.32 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.54%. Boston Properties’s dividend payout ratio (DPR) is presently 109.22%.

Several large investors have recently modified their holdings of the stock. Nationwide Fund Advisors increased its stake in Boston Properties by 4.5% in the 3rd quarter. Nationwide Fund Advisors now owns 142,477 shares of the real estate investment trust’s stock valued at $17,508,000 after buying an additional 6,116 shares during the period. First Trust Advisors LP increased its stake in Boston Properties by 1.8% in the 3rd quarter. First Trust Advisors LP now owns 46,217 shares of the real estate investment trust’s stock valued at $5,679,000 after buying an additional 796 shares during the period. Candriam Luxembourg S.C.A. increased its stake in Boston Properties by 11.9% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 14,478 shares of the real estate investment trust’s stock valued at $1,779,000 after buying an additional 1,536 shares during the period. FDx Advisors Inc. increased its stake in Boston Properties by 19.2% in the 3rd quarter. FDx Advisors Inc. now owns 3,008 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 484 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Boston Properties by 1.8% in the 3rd quarter. New York State Common Retirement Fund now owns 345,500 shares of the real estate investment trust’s stock valued at $42,455,000 after buying an additional 6,000 shares during the period. Institutional investors and hedge funds own 95.34% of the company’s stock.

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About Boston Properties

Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.

Analyst Recommendations for Boston Properties (NYSE:BXP)

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