Boston Properties, Inc. (NYSE:BXP) Receives $80.23 Consensus Price Target from Analysts

Boston Properties, Inc. (NYSE:BXP) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $80.23.

A number of analysts have commented on BXP shares. Wells Fargo & Company lifted their price target on Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Evercore ISI lifted their price target on Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Wedbush lifted their price target on Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Scotiabank reaffirmed a “sector perform” rating and set a $85.00 price target on shares of Boston Properties in a research report on Thursday, November 7th. Finally, Piper Sandler raised Boston Properties from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $78.00 to $105.00 in a research report on Wednesday, October 23rd.

Insider Activity

In related news, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $74.25, for a total value of $1,621,248.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Peter V. Otteni sold 4,785 shares of Boston Properties stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $73.44, for a total value of $351,410.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $74.25, for a total value of $1,621,248.75. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On Boston Properties

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC increased its stake in Boston Properties by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust’s stock worth $1,261,000 after buying an additional 150 shares in the last quarter. Mystic Asset Management Inc. increased its stake in Boston Properties by 3.1% during the 2nd quarter. Mystic Asset Management Inc. now owns 5,541 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 165 shares in the last quarter. Signaturefd LLC increased its stake in Boston Properties by 2.6% during the 2nd quarter. Signaturefd LLC now owns 6,597 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 168 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Boston Properties by 0.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust’s stock worth $3,917,000 after buying an additional 175 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC increased its stake in Boston Properties by 7.5% during the 2nd quarter. Sustainable Insight Capital Management LLC now owns 4,300 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Boston Properties Stock Up 0.5 %

NYSE:BXP opened at $79.39 on Friday. The company’s 50 day moving average is $81.74 and its two-hundred day moving average is $70.77. The company has a market cap of $12.55 billion, a PE ratio of 34.36, a P/E/G ratio of 0.54 and a beta of 1.18. Boston Properties has a twelve month low of $52.61 and a twelve month high of $90.11. 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 announced its quarterly earnings data 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). The company had revenue of $859.23 million for the quarter, compared to analysts’ expectations of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. Boston Properties’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.86 earnings per share. Analysts anticipate that Boston Properties will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.98 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.92 annualized dividend and a dividend yield of 4.94%. Boston Properties’s dividend payout ratio (DPR) is presently 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.