Boston Properties (NYSE:BXP) has received a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $132.70.
BXP has been the topic of several research analyst reports. Bank of America upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Thursday, February 15th. BMO Capital Markets cut shares of Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 price objective on the stock. in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Argus reiterated a “buy” rating and set a $138.00 price objective (down from $140.00) on shares of Boston Properties in a research report on Monday, February 26th. Finally, Barclays lowered their price objective on shares of Boston Properties from $135.00 to $131.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th.
Several institutional investors have recently bought and sold shares of BXP. Fieldpoint Private Securities LLC purchased a new position in shares of Boston Properties during the 3rd quarter valued at $125,000. Huntington National Bank grew its holdings 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 acquiring an additional 1,219 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Boston Properties during the 3rd quarter valued at $248,000. Advisor Partners LLC grew its holdings in shares of Boston Properties by 22.3% during the 4th quarter. Advisor Partners LLC now owns 2,353 shares of the real estate investment trust’s stock valued at $287,000 after acquiring an additional 429 shares in the last quarter. Finally, American Trust Investment Advisors LLC grew its holdings in shares of Boston Properties by 69.0% during the 4th quarter. American Trust Investment Advisors LLC now owns 3,845 shares of the real estate investment trust’s stock valued at $500,000 after acquiring an additional 1,570 shares in the last quarter. Institutional investors and hedge funds own 95.34% of the company’s stock.
NYSE BXP traded down $0.59 on Friday, hitting $118.75. 520,765 shares of the stock were exchanged, compared to its average volume of 820,779. Boston Properties has a 52-week low of $111.57 and a 52-week high of $135.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market cap of $18,650.40, a price-to-earnings ratio of 19.46, a PEG ratio of 3.29 and a beta of 0.58.
Boston Properties (NYSE:BXP) last posted its quarterly earnings data 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. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The firm had revenue of $655.23 million for the quarter, compared to analysts’ expectations of $654.36 million. During the same period in the previous year, the company posted $0.94 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. research analysts forecast that Boston Properties will post 6.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, March 28th.
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About Boston Properties
Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including eight properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.
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