Boston Properties, Inc. (NYSE:BXP) Receives $81.38 Average Price Target from Analysts

Boston Properties, Inc. (NYSE:BXP) has received an average rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation 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.

A number of equities research analysts recently weighed in on BXP shares. UBS Group lifted their target price on Boston Properties from $64.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Evercore ISI lifted their price objective on Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company upped their target price on Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Barclays lifted 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 note on Monday, November 18th. Finally, Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and increased their price objective for the company from $80.00 to $88.00 in a research note on Thursday, November 14th.

Boston Properties Stock Up 0.3 %

Boston Properties stock opened at $74.36 on Friday. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. Boston Properties has a 1-year low of $56.46 and a 1-year high of $90.11. The firm’s fifty day simple moving average is $80.22 and its 200-day simple moving average is $75.25. The company has a market capitalization of $11.76 billion, a P/E ratio of 32.19, a P/E/G ratio of 0.55 and a beta of 1.17.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. 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 firm posted $1.86 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts forecast that Boston Properties will post 7.1 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.27%. Boston Properties’s payout ratio is presently 169.70%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. boosted its holdings in 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 acquiring an additional 386 shares during the last quarter. UMB Bank n.a. increased its position in shares of Boston Properties by 115.5% during the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 380 shares during the period. Harvest Fund Management Co. Ltd raised its stake in Boston Properties by 5,025.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 603 shares during the last quarter. Brooklyn Investment Group acquired a new position in Boston Properties in the third quarter valued at $58,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in 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. 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.