BMO Capital Markets lowered shares of Boston Properties (NYSE:BXP) from an outperform rating to a market perform rating in a research report report published on Tuesday. BMO Capital Markets currently has $134.00 price target on the real estate investment trust’s stock. The analysts noted that the move was a valuation call.
BXP has been the topic of a number of other reports. Argus decreased their target price on Boston Properties to $140.00 and set a buy rating on the stock in a report on Thursday, November 16th. Evercore ISI reaffirmed an in-line rating and issued a $133.00 target price (up from $127.00) on shares of Boston Properties in a report on Friday, October 6th. KeyCorp reaffirmed a hold rating on shares of Boston Properties in a report on Friday, November 3rd. Mizuho reaffirmed a hold rating and issued a $122.00 target price on shares of Boston Properties in a report on Friday, November 3rd. Finally, Royal Bank of Canada set a $140.00 target price on Boston Properties and gave the stock a buy rating in a report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $131.00.
Shares of Boston Properties (NYSE:BXP) traded down $1.53 during trading on Tuesday, reaching $122.33. The company had a trading volume of 637,036 shares, compared to its average volume of 824,556. Boston Properties has a one year low of $116.77 and a one year high of $140.13. The company has a market cap of $19,114.36, a PE ratio of 38.23, a P/E/G ratio of 3.48 and a beta of 0.63. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92.
Boston Properties (NYSE:BXP) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The company had revenue of $657.70 million for the quarter, compared to analysts’ expectations of $649.84 million. During the same period last year, the firm earned $1.42 EPS. Boston Properties’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities research analysts anticipate that Boston Properties will post 6.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, December 28th. This is a boost from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 2.62%. Boston Properties’s dividend payout ratio (DPR) is currently 100.00%.
In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total transaction of $730,859.40. Following the sale, the insider now directly owns 585 shares of the company’s stock, valued at $72,861.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.17% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Amica Retiree Medical Trust bought a new stake in Boston Properties during the third quarter valued at about $105,000. NewSquare Capital LLC increased its holdings in shares of Boston Properties by 12,184.0% in the third quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 121,840 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of Boston Properties in the third quarter worth about $125,000. Sun Life Financial INC increased its holdings in shares of Boston Properties by 10,118.2% in the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 1,113 shares during the last quarter. Finally, Americafirst Capital Management LLC bought a new stake in shares of Boston Properties in the third quarter worth about $169,000. 95.22% of the stock is currently owned by institutional investors and hedge funds.
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Boston Properties Company Profile
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.
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