Shares of Boston Properties, Inc. (NYSE:BXP) have been given a consensus rating of “Hold” by the sixteen analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $132.09.
Several research analysts have recently weighed in on the stock. BMO Capital Markets set a $130.00 target price on shares of Boston Properties and gave the stock a “hold” rating in a research report on Monday, February 12th. Bank of America upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a report on Thursday, February 15th. Robert W. Baird restated a “hold” rating and set a $134.00 price target on shares of Boston Properties in a report on Wednesday, January 31st. Edward Jones upgraded shares of Boston Properties from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, SunTrust Banks set a $127.00 price target on shares of Boston Properties and gave the stock a “hold” rating in a report on Monday, January 22nd.
Boston Properties (NYSE BXP) opened at $120.97 on Friday. The firm has a market cap of $17,878.59, a P/E ratio of 41.29, a PEG ratio of 3.16 and a beta of 0.58. The company has a quick ratio of 0.44, a current ratio of 0.43 and a debt-to-equity ratio of 0.92. Boston Properties has a 1 year low of $111.57 and a 1 year high of $140.13.
Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.02. The business had revenue of $655.23 million for the quarter, compared to the consensus estimate of $654.36 million. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. research analysts predict that Boston Properties will post 6.33 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were issued a dividend of $0.80 per share. This is a boost from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Thursday, December 28th. Boston Properties’s dividend payout ratio (DPR) is currently 109.22%.
Several hedge funds have recently bought and sold shares of BXP. Cubist Systematic Strategies LLC acquired a new stake in Boston Properties in the second quarter valued at approximately $355,000. Mutual of America Capital Management LLC lifted its stake in Boston Properties by 3.1% in the third quarter. Mutual of America Capital Management LLC now owns 21,323 shares of the real estate investment trust’s stock valued at $2,620,000 after acquiring an additional 641 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Boston Properties by 1.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 85,642 shares of the real estate investment trust’s stock valued at $10,524,000 after acquiring an additional 1,033 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Boston Properties in the third quarter valued at approximately $332,000. Finally, Nationwide Fund Advisors lifted its stake in Boston Properties by 4.5% in the third quarter. Nationwide Fund Advisors now owns 142,477 shares of the real estate investment trust’s stock valued at $17,508,000 after acquiring an additional 6,116 shares during the last quarter. Institutional investors and hedge funds own 94.98% 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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