Compass Point Issues Positive Forecast for Boston Properties (NYSE:BXP) Stock Price

Boston Properties (NYSE:BXP) had its price objective raised by Compass Point from $75.00 to $80.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other equities analysts have also recently commented on BXP. StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Truist Financial increased their price objective on shares of Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Piper Sandler upgraded Boston Properties from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $78.00 to $105.00 in a research report on Wednesday, October 23rd. Barclays increased their price objective on shares of Boston Properties from $65.00 to $88.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, Wedbush lifted their target price on Boston Properties from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $80.75.

Boston Properties Stock Down 1.7 %

Shares of NYSE:BXP opened at $79.16 on Thursday. Boston Properties has a 1 year low of $50.64 and a 1 year high of $90.11. The stock has a 50-day simple moving average of $80.79 and a 200-day simple moving average of $69.79. The stock has a market capitalization of $12.43 billion, a P/E ratio of 34.27, a PEG ratio of 0.55 and a beta of 1.18. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.83 and a current ratio of 5.51.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the business posted $1.86 EPS. Boston Properties’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts forecast that Boston Properties will post 7.1 earnings per share for the current year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.98 per share. The ex-dividend date was Monday, September 30th. This represents a $3.92 annualized dividend and a yield of 4.95%. Boston Properties’s dividend payout ratio (DPR) is presently 169.70%.

Insider Buying and Selling

In related news, EVP Peter V. Otteni sold 4,785 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 is available at this hyperlink. Also, EVP Peter V. Otteni sold 4,785 shares of Boston Properties stock in a transaction that occurred on Friday, August 23rd. The shares were 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 Trading of Boston Properties

Several large investors have recently made changes to their positions in BXP. Point72 Asia Singapore Pte. Ltd. raised its position in Boston Properties by 212.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 386 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Boston Properties by 115.5% in the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 380 shares in the last quarter. Abich Financial Wealth Management LLC raised its holdings in Boston Properties by 59.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 395 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Boston Properties by 61.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 547 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Boston Properties in the second quarter valued at about $91,000. 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.