Bank of America upgraded shares of Boston Properties (NYSE:BXP) from a neutral rating to a buy rating in a research report report published on Thursday, Marketbeat reports. They currently have $145.00 price objective on the real estate investment trust’s stock.
Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Boston Properties from a hold rating to a sell rating in a research note on Tuesday, January 9th. BMO Capital Markets cut shares of Boston Properties from an outperform rating to a market perform rating and set a $134.00 price target on the stock. in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Argus dropped their price target on shares of Boston Properties to $140.00 and set a buy rating on the stock in a research note on Thursday, November 16th. Jefferies Group reiterated a hold rating and set a $124.00 price target on shares of Boston Properties in a research note on Tuesday, October 24th. Finally, Mizuho reiterated a hold rating and set a $122.00 price target on shares of Boston Properties in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $132.09.
Boston Properties (NYSE BXP) opened at $119.64 on Thursday. The firm has a market cap of $18,463.44, a price-to-earnings ratio of 19.27, a PEG ratio of 3.38 and a beta of 0.58. Boston Properties has a one year low of $111.57 and a one year high of $140.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.43.
Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.02. The business had revenue of $655.23 million for the quarter, compared to analysts’ expectations of $654.36 million. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 EPS. equities research analysts forecast that Boston Properties will post 6.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were paid a dividend of $0.80 per share. This is a boost from Boston Properties’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, December 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.67%. Boston Properties’s payout ratio is 109.22%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BXP. Amica Retiree Medical Trust purchased a new position in shares of Boston Properties during the 3rd quarter valued at $105,000. NewSquare Capital LLC lifted its stake in shares of Boston Properties by 12,184.0% during the 3rd quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 121,840 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of Boston Properties during the 3rd quarter valued at $125,000. Americafirst Capital Management LLC purchased a new position in shares of Boston Properties during the 3rd quarter valued at $169,000. Finally, Huntington National Bank lifted its stake in shares of Boston Properties by 397.1% during the 4th quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 1,219 shares in the last quarter. Institutional investors own 95.83% 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.
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