Boston Properties, Inc. (NYSE:BXP) Given Average Rating of “Moderate Buy” by Analysts

Shares of Boston Properties, Inc. (NYSE:BXP) have been given a consensus rating of “Moderate Buy” by the fourteen research firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $82.00.

BXP has been the subject of several research reports. Scotiabank restated a “sector perform” rating and set a $85.00 price objective on shares of Boston Properties in a research note on Thursday, November 7th. Jefferies Financial Group decreased their target price on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Piper Sandler upgraded shares of Boston Properties from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $78.00 to $105.00 in a research note on Wednesday, October 23rd. Mizuho decreased their target price on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Truist Financial boosted their target price on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th.

Institutional Investors Weigh In On Boston Properties

A number of large investors have recently modified their holdings of the business. E. Ohman J or Asset Management AB grew its holdings in shares of Boston Properties by 32.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust’s stock worth $491,000 after buying an additional 1,600 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of 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 buying an additional 590 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of 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 buying an additional 156 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of 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 buying an additional 142 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Boston Properties by 15.7% during the third quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock worth $3,966,000 after buying an additional 6,687 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Boston Properties Stock Performance

Shares of NYSE BXP opened at $74.58 on Thursday. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. Boston Properties has a 12 month low of $56.46 and a 12 month high of $90.11. The company has a 50 day simple moving average of $76.48 and a two-hundred day simple moving average of $76.60. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 0.50 and a beta of 1.18.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $1.81 by ($1.28). Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The business had revenue of $859.23 million for the quarter, compared to analyst estimates of $829.91 million. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. As a group, analysts predict that Boston Properties will post 7.1 earnings per share for the current year.

Boston Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Tuesday, December 31st. Boston Properties’s payout ratio is 169.70%.

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.