Boston Properties (NYSE:BXP) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Boston Properties (NYSE:BXP) from a sell rating to a hold rating in a research report report published on Tuesday.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley reiterated an equal weight rating and set a $62.00 target price on shares of Boston Properties in a report on Thursday, June 20th. Evercore ISI reduced their price target on Boston Properties from $73.00 to $69.00 and set an outperform rating on the stock in a research note on Monday, May 6th. Barclays reduced their price target on Boston Properties from $66.00 to $65.00 and set an equal weight rating on the stock in a research note on Friday, May 24th. BMO Capital Markets reduced their price target on Boston Properties from $80.00 to $78.00 and set an outperform rating on the stock in a research note on Monday, April 8th. Finally, Wedbush reduced their price target on Boston Properties from $66.00 to $63.00 and set a neutral rating on the stock in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Boston Properties has an average rating of Hold and an average price target of $69.60.

Boston Properties Price Performance

Shares of NYSE:BXP opened at $70.50 on Tuesday. The business’s fifty day moving average price is $62.40 and its two-hundred day moving average price is $63.64. The stock has a market cap of $11.07 billion, a PE ratio of 57.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.77 and a current ratio of 4.77. Boston Properties has a one year low of $50.64 and a one year high of $73.97.

Boston Properties (NYSE:BXP) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). The company had revenue of $839.44 million for the quarter, compared to analyst estimates of $808.68 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. Boston Properties’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 EPS. On average, analysts forecast that Boston Properties will post 7.04 EPS for the current fiscal year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.92 annualized dividend and a yield of 5.56%. Boston Properties’s dividend payout ratio is currently 321.31%.

Institutional Trading of Boston Properties

Large investors have recently added to or reduced their stakes in the stock. McGlone Suttner Wealth Management Inc. acquired a new stake in Boston Properties in the 4th quarter valued at $29,000. Manchester Capital Management LLC increased its holdings in Boston Properties by 435.9% in the 4th quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 340 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Boston Properties in the 4th quarter valued at $34,000. Cambridge Trust Co. increased its holdings in Boston Properties by 80.1% in the 4th quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 250 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its holdings in Boston Properties by 59.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 395 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Boston Properties Company Profile

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.