Boston Properties, Inc. (NYSE:BXP) Receives Average Rating of “Hold” from Analysts

Boston Properties, Inc. (NYSE:BXP) has received an average rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $82.23.

A number of equities research analysts recently commented on BXP shares. StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Truist Financial raised their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Mizuho reduced their price objective on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and raised their price objective for the company from $80.00 to $88.00 in a research report on Thursday, November 14th. Finally, Piper Sandler dropped their target price on shares of Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 30th.

Boston Properties Price Performance

Shares of BXP opened at $68.88 on Monday. Boston Properties has a fifty-two week low of $56.46 and a fifty-two week high of $90.11. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 688.88, a price-to-earnings-growth ratio of 0.91 and a beta of 1.18. The firm has a 50-day simple moving average of $72.74 and a 200-day simple moving average of $77.02. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. On average, equities research analysts anticipate that Boston Properties will post 6.91 earnings per share for the current year.

Boston Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.98 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.69%. Boston Properties’s dividend payout ratio (DPR) is 3,920.00%.

Insider Transactions at Boston Properties

In related news, EVP Hilary J. Spann sold 12,379 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction of $891,535.58. Following the sale, the executive vice president now owns 7,271 shares in the company, valued at approximately $523,657.42. This trade represents a 63.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Institutional Trading of Boston Properties

A number of hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group boosted its position in Boston Properties by 19.8% during the fourth quarter. Brooklyn Investment Group now owns 858 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 142 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Boston Properties by 1.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock worth $650,000 after acquiring an additional 156 shares during the last quarter. Huntington National Bank boosted its position in Boston Properties by 29.8% during the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 263 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in Boston Properties during the fourth quarter worth approximately $32,000. Finally, Sound Income Strategies LLC boosted its position in Boston Properties by 18.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 590 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.