Brokerages Set Boston Properties, Inc. (NYSE:BXP) Target Price at $81.08

Shares of Boston Properties, Inc. (NYSE:BXP) have been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $81.08.

BXP has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Boston Properties from $88.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Mizuho dropped their price objective on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Barclays decreased their target price on shares of Boston Properties from $89.00 to $79.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Wedbush lowered shares of Boston Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 30th. Finally, Piper Sandler dropped their price target on shares of Boston Properties from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th.

Boston Properties Price Performance

Shares of Boston Properties stock opened at $59.50 on Tuesday. The business’s fifty day moving average price is $67.58 and its 200 day moving average price is $74.88. Boston Properties has a twelve month low of $54.22 and a twelve month high of $90.11. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $9.41 billion, a P/E ratio of 595.03, a PEG ratio of 0.91 and a beta of 1.06.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, beating the consensus estimate of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. As a group, research analysts anticipate that Boston Properties will post 6.91 earnings per share for the current year.

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.98 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.59%. Boston Properties’s dividend payout ratio (DPR) is presently 3,920.00%.

Insider Buying and Selling

In related news, EVP Donna D. Garesche sold 2,143 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total transaction of $145,445.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Hilary J. Spann sold 12,379 shares of Boston Properties stock in a transaction 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 transaction, the executive vice president now directly owns 7,271 shares of the company’s stock, valued at approximately $523,657.42. This represents a 63.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Boston Properties

A number of institutional investors have recently modified their holdings of BXP. Canada Post Corp Registered Pension Plan bought a new position in Boston Properties in the fourth quarter worth about $32,000. Sentry Investment Management LLC acquired a new stake in shares of Boston Properties during the 1st quarter worth approximately $34,000. Brooklyn Investment Group lifted its holdings in shares of Boston Properties by 19.8% in the 4th quarter. Brooklyn Investment Group now owns 858 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 142 shares during the last quarter. Huntington National Bank boosted its position in Boston Properties by 29.8% during the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 263 shares during the period. Finally, Hurley Capital LLC acquired a new position in Boston Properties during the 4th quarter valued at approximately $94,000. 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.