Boston Properties, Inc. (NYSE:BXP) Receives Average Rating of “Moderate Buy” from Analysts

Boston Properties, Inc. (NYSE:BXP) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $82.00.

BXP has been the subject of a number of recent research reports. Truist Financial lifted their price objective on Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Barclays lifted their price objective on Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. UBS Group lifted their price objective on Boston Properties from $64.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group lowered their price target on Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, January 2nd.

Boston Properties Price Performance

Boston Properties stock opened at $72.82 on Thursday. Boston Properties has a one year low of $56.46 and a one year high of $90.11. The company has a debt-to-equity ratio of 2.01, a quick ratio of 5.51 and a current ratio of 5.51. The business has a fifty day moving average of $76.86 and a two-hundred day moving average of $76.36. The company has a market cap of $11.51 billion, a P/E ratio of 31.52, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18.

Boston Properties (NYSE:BXP) last released its quarterly 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 firm had revenue of $859.23 million for the quarter, compared to analyst estimates of $829.91 million. Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The company’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 EPS. As a group, analysts predict that Boston Properties will post 7.1 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.98 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a yield of 5.38%. Boston Properties’s payout ratio is currently 169.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Brooklyn Investment Group grew its stake in shares of Boston Properties by 19.8% in the fourth 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 in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Boston Properties by 1.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock valued at $650,000 after buying an additional 156 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Boston Properties by 212.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 386 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Boston Properties by 61.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 547 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in shares of Boston Properties by 18.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 590 shares during the period. 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.