Boston Properties, Inc. (NYSE:BXP) Receives $74.08 Consensus Target Price from Analysts

Boston Properties, Inc. (NYSE:BXP) has been given an average recommendation of “Hold” by the thirteen brokerages that are currently 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 analysts that have issued a report on the stock in the last year is $74.08.

A number of research analysts recently weighed in on BXP shares. Truist Financial upped their price objective on Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Piper Sandler upped their price target on shares of Boston Properties from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Morgan Stanley restated an “equal weight” rating and set a $62.00 target price on shares of Boston Properties in a research report on Thursday, June 20th. Finally, Wedbush lifted their price target on shares of Boston Properties from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, August 5th.

Boston Properties Stock Up 0.4 %

BXP stock opened at $82.49 on Friday. The stock has a market capitalization of $12.96 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 0.35 and a beta of 1.18. The company has a fifty day moving average of $72.74 and a 200-day moving average of $65.65. The company has a debt-to-equity ratio of 1.90, a quick ratio of 4.83 and a current ratio of 4.83. Boston Properties has a one year low of $50.64 and a one year high of $83.85.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.21). The firm had revenue of $850.48 million during the quarter, compared to analyst estimates of $819.49 million. Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. Boston Properties’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 EPS. As a group, analysts expect that Boston Properties will post 7.11 EPS for the current year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Monday, September 30th. Boston Properties’s payout ratio is 321.31%.

Insider Transactions at Boston Properties

In related news, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $351,410.40. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in Boston Properties in the first quarter valued at $1,187,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Boston Properties by 387.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 69,825 shares of the real estate investment trust’s stock worth $4,900,000 after acquiring an additional 55,501 shares during the period. Perpetual Ltd acquired a new stake in shares of Boston Properties in the first quarter worth approximately $1,205,000. SG Americas Securities LLC grew its holdings in Boston Properties by 76.8% in the second quarter. SG Americas Securities LLC now owns 110,242 shares of the real estate investment trust’s stock valued at $6,786,000 after purchasing an additional 47,882 shares during the period. Finally, M&G Plc acquired a new position in Boston Properties during the first quarter worth approximately $3,807,000. Hedge funds and other 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.