Boston Properties (NYSE:BXP) Given New $86.00 Price Target at Mizuho

Boston Properties (NYSE:BXP) had its price objective lowered by Mizuho from $92.00 to $86.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

BXP has been the subject of a number of other reports. Piper Sandler upgraded shares of Boston Properties from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $78.00 to $105.00 in a research note on Wednesday, October 23rd. UBS Group lifted their price target on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Barclays lifted their target price on Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Finally, Scotiabank reiterated a “sector perform” rating and set a $85.00 price target on shares of Boston Properties in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Boston Properties has a consensus rating of “Hold” and a consensus target price of $82.00.

Boston Properties Stock Down 2.3 %

Shares of NYSE BXP opened at $70.37 on Tuesday. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51. The stock has a market capitalization of $11.13 billion, a PE ratio of 30.46, a P/E/G ratio of 0.55 and a beta of 1.18. Boston Properties has a one year low of $56.46 and a one year high of $90.11. The business’s fifty day moving average price is $78.82 and its 200-day moving average price is $75.65.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data 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). The firm had revenue of $859.23 million during the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 earnings per share. On average, equities research analysts anticipate that Boston Properties will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is currently 169.70%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its holdings in shares of Boston Properties by 15.7% in the 3rd quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock worth $3,966,000 after purchasing an additional 6,687 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Boston Properties in the third quarter worth approximately $58,000. Harvest Fund Management Co. Ltd boosted its stake in Boston Properties by 5,025.0% in 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 in the last quarter. Crossmark Global Holdings Inc. grew its position in Boston Properties by 9.8% during the third quarter. Crossmark Global Holdings Inc. now owns 8,575 shares of the real estate investment trust’s stock valued at $690,000 after acquiring an additional 763 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Boston Properties by 12.0% during the third quarter. Van ECK Associates Corp now owns 69,275 shares of the real estate investment trust’s stock worth $6,024,000 after acquiring an additional 7,447 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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.