Several other analysts also recently issued reports on the company. Barclays PLC lowered their price target on Boston Properties from $141.00 to $137.00 and set an overweight rating for the company in a report on Tuesday, July 18th. BidaskClub upgraded Boston Properties from a sell rating to a hold rating in a report on Sunday, July 16th. Jefferies Group LLC reiterated a hold rating and issued a $121.00 price target on shares of Boston Properties in a report on Friday, July 14th. Royal Bank Of Canada reiterated a buy rating and issued a $150.00 price target on shares of Boston Properties in a report on Wednesday, July 5th. Finally, Zacks Investment Research downgraded Boston Properties from a hold rating to a sell rating in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Boston Properties currently has an average rating of Hold and an average target price of $134.55.
Boston Properties (BXP) opened at 126.92 on Wednesday. Boston Properties has a 12-month low of $113.69 and a 12-month high of $140.13. The company has a 50-day moving average price of $121.54 and a 200-day moving average price of $124.32. The stock has a market capitalization of $19.59 billion, a price-to-earnings ratio of 43.02 and a beta of 0.65.
Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.05. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The firm had revenue of $656.90 million during the quarter, compared to the consensus estimate of $645.96 million. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Boston Properties will post $2.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.75 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 2.36%. Boston Properties’s payout ratio is currently 102.04%.
A number of large investors have recently bought and sold shares of BXP. Harbour Capital Advisors LLC lifted its position in shares of Boston Properties by 12,201.8% during the second quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 13,422 shares during the last quarter. Sun Life Financial INC lifted its position in shares of Boston Properties by 10,118.2% during the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 1,113 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Boston Properties during the first quarter worth about $200,000. Garner Asset Management Corp bought a new position in shares of Boston Properties during the second quarter worth about $214,000. Finally, Clinton Group Inc. bought a new position in shares of Boston Properties during the second quarter worth about $236,000. 94.59% of the stock is owned by institutional investors.
Boston Properties Company Profile
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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