Brokerages Set Boston Properties, Inc. (NYSE:BXP) Price Target at $82.23

Shares of Boston Properties, Inc. (NYSE:BXP) have received a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $82.23.

A number of brokerages have recently commented on BXP. Compass Point raised shares of Boston Properties from a “neutral” rating to a “buy” rating and upped their target price for the company from $80.00 to $88.00 in a report on Thursday, November 14th. UBS Group upped their target price 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. Jefferies Financial Group reduced their target price on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Piper Sandler reduced their target price on shares of Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st.

Insider Activity

In related news, EVP Hilary J. Spann sold 12,379 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction of $891,535.58. Following the sale, the executive vice president now owns 7,271 shares in the company, valued at approximately $523,657.42. This trade represents a 63.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.35% of the company’s stock.

Institutional Trading of Boston Properties

A number of hedge funds have recently bought and sold shares of the company. Deutsche Bank AG boosted its position in Boston Properties by 30.6% during the fourth quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust’s stock worth $70,612,000 after acquiring an additional 222,284 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA boosted its position in Boston Properties by 75.4% during the fourth quarter. Kelly Lawrence W & Associates Inc. CA now owns 2,500 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 1,075 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in Boston Properties during the fourth quarter worth approximately $32,000. Heritage Trust Co acquired a new stake in Boston Properties during the fourth quarter worth approximately $210,000. Finally, Hurley Capital LLC acquired a new stake in Boston Properties during the fourth quarter worth approximately $94,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Stock Performance

NYSE BXP opened at $68.88 on Monday. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51. Boston Properties has a 1 year low of $56.46 and a 1 year high of $90.11. The company has a market capitalization of $10.89 billion, a PE ratio of 688.88, a P/E/G ratio of 0.92 and a beta of 1.18. The company has a fifty day moving average of $72.96 and a two-hundred day moving average of $76.88.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. As a group, analysts expect that Boston Properties will post 6.91 earnings per share for the current year.

Boston Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were given a $0.98 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.92 annualized dividend and a dividend yield of 5.69%. Boston Properties’s dividend payout ratio is presently 3,920.39%.

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.