Boston Properties (NYSE:BXP) Upgraded to Buy at Compass Point

Compass Point 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. The firm currently has $88.00 price target on the real estate investment trust’s stock, up from their prior price target of $80.00.

Several other equities research analysts have also recently commented on the stock. Evercore ISI lifted their price target on shares of Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their price objective on Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Scotiabank reissued a “sector perform” rating and issued a $85.00 target price on shares of Boston Properties in a research note on Thursday, November 7th. StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Finally, UBS Group increased their price target on shares of Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $80.85.

Boston Properties Stock Down 1.2 %

NYSE:BXP opened at $78.53 on Thursday. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 0.54 and a beta of 1.18. The company has a debt-to-equity ratio of 2.01, a quick ratio of 5.51 and a current ratio of 5.51. The stock’s fifty day moving average price is $82.02 and its two-hundred day moving average price is $71.00. Boston Properties has a 52-week low of $52.61 and a 52-week high of $90.11.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($1.28). The firm had revenue of $859.23 million for the quarter, compared to analyst estimates of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.86 EPS. On average, analysts anticipate that Boston Properties will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend was Monday, September 30th. Boston Properties’s dividend payout ratio (DPR) is presently 169.70%.

Insider Buying and Selling

In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $74.25, for a total value of $1,621,248.75. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.

Institutional Trading of Boston Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in BXP. Vanguard Personalized Indexing Management LLC boosted its holdings in Boston Properties by 0.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust’s stock worth $1,261,000 after purchasing an additional 150 shares during the last quarter. Mystic Asset Management Inc. increased its position in shares of Boston Properties by 3.1% in the second quarter. Mystic Asset Management Inc. now owns 5,541 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 165 shares during the last quarter. Signaturefd LLC boosted its position in Boston Properties by 2.6% during the second quarter. Signaturefd LLC now owns 6,597 shares of the real estate investment trust’s stock valued at $406,000 after purchasing an additional 168 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in Boston Properties by 0.3% in the second quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust’s stock valued at $3,917,000 after purchasing an additional 175 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC increased its position in shares of Boston Properties by 7.5% during the 2nd quarter. Sustainable Insight Capital Management LLC now owns 4,300 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 300 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

About Boston Properties

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.