Analysts Set Boston Properties, Inc. (BXP) PT at $135.19

Boston Properties, Inc. (NYSE:BXP) has been assigned a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $135.19.

BXP has been the topic of several analyst reports. Zacks Investment Research lowered shares of Boston Properties from a “buy” rating to a “hold” rating in a research report on Monday, December 10th. Morgan Stanley increased their price target on shares of Boston Properties from $118.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Monday, December 17th. Robert W. Baird upgraded shares of Boston Properties from a “neutral” rating to an “outperform” rating and set a $142.00 price target on the stock in a research report on Tuesday, January 8th. BTIG Research upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Wednesday, January 9th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $135.00 price target on shares of Boston Properties in a research report on Tuesday, January 29th. They noted that the move was a valuation call.

In other Boston Properties news, SVP Frank D. Burt sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $133.64, for a total value of $267,280.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.88% of the company’s stock.

A number of institutional investors have recently modified their holdings of BXP. JOYN Advisors Inc. lifted its holdings in shares of Boston Properties by 63.3% during the fourth quarter. JOYN Advisors Inc. now owns 276 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 107 shares during the period. Bogart Wealth LLC bought a new position in Boston Properties during the fourth quarter worth $33,000. Flagship Harbor Advisors LLC raised its stake in Boston Properties by 200.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 300 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Loeb Partners Corp bought a new position in Boston Properties during the fourth quarter worth $33,000. Finally, Doyle Wealth Management bought a new position in Boston Properties during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 95.68% of the company’s stock.

Shares of BXP traded up $0.59 during mid-day trading on Friday, hitting $138.21. 485,822 shares of the company’s stock were exchanged, compared to its average volume of 819,046. Boston Properties has a 52 week low of $107.84 and a 52 week high of $137.77. The stock has a market capitalization of $21.26 billion, a PE ratio of 21.94, a P/E/G ratio of 3.11 and a beta of 0.93. The company has a current ratio of 4.81, a quick ratio of 4.81 and a debt-to-equity ratio of 1.37.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, January 29th. The real estate investment trust reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.72). Boston Properties had a return on equity of 7.28% and a net margin of 21.45%. The business had revenue of $651.17 million for the quarter, compared to the consensus estimate of $634.12 million. Equities research analysts predict that Boston Properties will post 6.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be given a $0.95 dividend. The ex-dividend date is Thursday, March 28th. This represents a $3.80 dividend on an annualized basis and a yield of 2.75%. Boston Properties’s dividend payout ratio is currently 60.32%.

Boston Properties Company Profile

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

Recommended Story: Systematic Risk and Investors

Analyst Recommendations for Boston Properties (NYSE:BXP)

Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.