Boston Properties, Inc. (NYSE:BXP) Given Consensus Recommendation of “Hold” by Brokerages

Boston Properties, Inc. (NYSE:BXP) has earned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $82.23.

BXP has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price target on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. UBS Group increased their price target on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Mizuho lowered their price target on Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Wedbush downgraded Boston Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 30th. Finally, Compass Point upgraded Boston Properties from a “neutral” rating to a “buy” rating and increased their target price for the company from $80.00 to $88.00 in a research note on Thursday, November 14th.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Hilary J. Spann sold 12,379 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total transaction of $891,535.58. Following the completion of the sale, the executive vice president now owns 7,271 shares in the company, valued at $523,657.42. This trade represents a 63.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is owned by insiders.

Institutional Investors Weigh In On Boston Properties

A number of hedge funds have recently bought and sold shares of BXP. Deutsche Bank AG grew its stake in Boston Properties by 30.6% during the 4th quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust’s stock valued at $70,612,000 after purchasing an additional 222,284 shares in the last quarter. Raymond James Financial Inc. bought a new position in Boston Properties during the 4th quarter worth approximately $8,994,000. Sun Life Financial Inc. bought a new position in Boston Properties during the 3rd quarter worth approximately $9,674,000. Wealthfront Advisers LLC lifted its holdings in Boston Properties by 198.9% during the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock worth $11,091,000 after buying an additional 99,248 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its holdings in Boston Properties by 12.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock worth $12,679,000 after buying an additional 18,900 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Boston Properties Stock Performance

NYSE:BXP opened at $68.88 on Monday. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. The company has a market cap of $10.89 billion, a P/E ratio of 688.88, a P/E/G ratio of 0.92 and a beta of 1.18. Boston Properties has a fifty-two week low of $56.46 and a fifty-two week high of $90.11. The firm’s 50 day moving average is $72.96 and its two-hundred day moving average is $76.88.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. Analysts expect that Boston Properties will post 6.91 EPS for the current year.

Boston Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a yield of 5.69%. Boston Properties’s dividend payout ratio (DPR) is presently 3,920.39%.

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.