Boston Properties, Inc. (NYSE:BXP) Receives $82.00 Consensus Target Price from Analysts

Shares of Boston Properties, Inc. (NYSE:BXP) have received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $82.62.

Several brokerages have weighed in on BXP. StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Compass Point raised Boston Properties from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $88.00 in a research report on Thursday, November 14th. Wedbush raised Boston Properties from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Scotiabank reissued a “sector perform” rating and issued a $85.00 price target on shares of Boston Properties in a report on Thursday, November 7th. Finally, UBS Group upped their price objective on shares of Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th.

Institutional Investors Weigh In On Boston Properties

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Boston Properties by 212.1% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 386 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in Boston Properties by 5,025.0% during the third 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 in the last quarter. Brooklyn Investment Group purchased a new position in Boston Properties during the third quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Boston Properties by 61.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 547 shares during the period. Finally, Centaurus Financial Inc. purchased a new stake in Boston Properties in the 2nd quarter worth approximately $116,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

Boston Properties Trading Down 5.7 %

Shares of NYSE BXP opened at $69.02 on Thursday. Boston Properties has a 1-year low of $56.46 and a 1-year high of $90.11. The business has a fifty day moving average price of $76.27 and a 200 day moving average price of $76.70. The stock has a market capitalization of $10.91 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51.

Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, beating the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. Equities research analysts expect that Boston Properties will post 7.1 EPS for the current fiscal year.

Boston Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.98 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.92 annualized dividend and a dividend yield of 5.68%. Boston Properties’s dividend payout ratio (DPR) is presently 169.70%.

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.