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

Boston Properties, Inc. (NYSE:BXP) has earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $81.69.

Several equities research analysts have recently issued reports on the stock. Scotiabank restated a “sector perform” rating and set a $85.00 price target on shares of Boston Properties in a research note on Thursday, November 7th. Wedbush downgraded Boston Properties from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $81.00 to $70.00 in a research report on Thursday. Piper Sandler upgraded Boston Properties from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $78.00 to $105.00 in a research note on Wednesday, October 23rd. UBS Group boosted their price objective on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Truist Financial increased their target price on Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th.

Boston Properties Stock Up 1.6 %

BXP stock opened at $74.91 on Friday. Boston Properties has a 1-year low of $56.46 and a 1-year high of $90.11. The stock has a market cap of $11.84 billion, a P/E ratio of 32.43, a P/E/G ratio of 0.55 and a beta of 1.18. The stock’s fifty day simple moving average is $79.45 and its two-hundred day simple moving average is $75.33. 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 (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The company had revenue of $859.23 million during the quarter, compared to analysts’ expectations of $829.91 million. During the same period last year, the firm posted $1.86 earnings per share. Boston Properties’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts expect that Boston Properties will post 7.1 EPS for the current year.

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.92 annualized dividend and a yield of 5.23%. Boston Properties’s payout ratio is presently 169.70%.

Hedge Funds Weigh In On Boston Properties

A number of institutional investors have recently made changes to their positions in BXP. Earnest Partners LLC grew its position in Boston Properties by 25.9% in the second quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust’s stock worth $162,348,000 after acquiring an additional 542,610 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Boston Properties by 6.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,923,225 shares of the real estate investment trust’s stock worth $118,394,000 after purchasing an additional 120,650 shares in the last quarter. Sei Investments Co. increased its position in shares of Boston Properties by 32.9% during the 2nd quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust’s stock valued at $92,567,000 after purchasing an additional 371,946 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Boston Properties by 17.8% during the 2nd quarter. Principal Financial Group Inc. now owns 587,302 shares of the real estate investment trust’s stock valued at $36,154,000 after buying an additional 88,569 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Boston Properties by 30.4% in the 2nd quarter. Hsbc Holdings PLC now owns 394,467 shares of the real estate investment trust’s stock worth $24,216,000 after buying an additional 91,954 shares during the last quarter. Institutional investors 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.