Analysts Set Boston Properties, Inc. (NYSE:BXP) Target Price at $80.92

Shares of Boston Properties, Inc. (NYSE:BXP) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $81.38.

BXP has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Evercore ISI upped their price target on shares of Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. UBS Group upped their price target on shares of Boston Properties from $64.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and upped their price target for the stock from $80.00 to $88.00 in a research report on Thursday, November 14th. Finally, Wells Fargo & Company upped their price target on shares of Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th.

Boston Properties Stock Performance

Shares of NYSE BXP opened at $80.36 on Wednesday. The firm has a 50 day moving average of $82.34 and a 200 day moving average of $72.85. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. Boston Properties has a 12-month low of $56.46 and a 12-month high of $90.11.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($1.28). The business had revenue of $859.23 million for the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 earnings per share. On average, research analysts anticipate that Boston Properties will post 7.1 earnings per share for the current year.

Boston Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Monday, September 30th. Boston Properties’s payout ratio is presently 169.70%.

Insider Transactions at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its holdings in Boston Properties by 76.8% during the 2nd quarter. SG Americas Securities LLC now owns 110,242 shares of the real estate investment trust’s stock worth $6,786,000 after acquiring an additional 47,882 shares in the last quarter. DNB Asset Management AS grew its holdings in Boston Properties by 47.3% during the 2nd quarter. DNB Asset Management AS now owns 34,755 shares of the real estate investment trust’s stock worth $2,140,000 after acquiring an additional 11,163 shares in the last quarter. Cetera Investment Advisers grew its holdings in Boston Properties by 112.1% during the 1st quarter. Cetera Investment Advisers now owns 38,725 shares of the real estate investment trust’s stock worth $2,529,000 after acquiring an additional 20,468 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Boston Properties by 61.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 28,578 shares of the real estate investment trust’s stock worth $1,759,000 after acquiring an additional 10,928 shares in the last quarter. Finally, Cetera Advisors LLC bought a new position in Boston Properties during the 1st quarter worth about $281,000. 98.72% of the stock is currently owned by institutional investors.

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.