Mizuho Lowers Boston Properties (NYSE:BXP) Price Target to $86.00

Boston Properties (NYSE:BXP) had its price objective reduced by Mizuho from $92.00 to $86.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on the stock. Scotiabank reaffirmed a “sector perform” rating and set a $85.00 price objective on shares of Boston Properties in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Barclays upped their price objective on shares of Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Wedbush lowered Boston Properties from a “neutral” rating to an “underperform” rating and cut their target price for the company from $81.00 to $70.00 in a report on Thursday, January 2nd. Finally, StockNews.com downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $82.00.

Boston Properties Trading Down 0.5 %

NYSE:BXP opened at $69.99 on Tuesday. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 0.55 and a beta of 1.18. The stock has a fifty day simple moving average of $78.36 and a 200 day simple moving average of $75.58. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01. Boston Properties has a 1-year low of $56.46 and a 1-year high of $90.11.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share 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 company had revenue of $859.23 million during the quarter, compared to analyst estimates of $829.91 million. During the same quarter in the prior year, the company posted $1.86 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts forecast that Boston Properties will post 7.1 earnings per share for the current year.

Boston Properties Announces Dividend

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 given a dividend of $0.98 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.92 annualized dividend and a dividend yield of 5.60%. Boston Properties’s dividend payout ratio (DPR) is currently 169.70%.

Hedge Funds Weigh In On Boston Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Earnest Partners LLC boosted its stake in shares of Boston Properties by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust’s stock valued at $162,348,000 after purchasing 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 acquiring an additional 120,650 shares in the last quarter. Sei Investments Co. increased its holdings in 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 in the last quarter. Hsbc Holdings PLC raised 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 valued at $24,216,000 after purchasing an additional 91,954 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Boston Properties by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 376,155 shares of the real estate investment trust’s stock worth $23,156,000 after purchasing an additional 16,469 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

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.