Boston Properties, Inc. (NYSE:BXP) Receives Average Rating of "Hold" from Analysts

Boston Properties, Inc. (NYSE:BXP - Get Free Report) has been assigned an average recommendation of "Hold" from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $78.83.

Several equities analysts have weighed in on the company. Barclays cut their price target on Boston Properties from $89.00 to $79.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Jefferies Financial Group initiated coverage on shares of Boston Properties in a research note on Monday, March 17th. They set a "buy" rating and a $78.00 price target on the stock. Wedbush cut shares of Boston Properties from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 30th. UBS Group decreased their target price on shares of Boston Properties from $80.00 to $68.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Wells Fargo & Company dropped their price target on Boston Properties from $88.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, February 10th.

Insider Buying and Selling at Boston Properties

In related news, EVP Donna D. Garesche sold 2,143 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total transaction of $145,445.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.35% of the stock is owned by insiders.

Institutional Trading of Boston Properties

Several hedge funds and other institutional investors have recently made changes to their positions in BXP. Deutsche Bank AG boosted its holdings in Boston Properties by 30.6% in the fourth quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust's stock worth $70,612,000 after acquiring an additional 222,284 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Boston Properties in the 4th quarter worth approximately $8,994,000. Wealthfront Advisers LLC grew its position in Boston Properties by 198.9% during the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust's stock worth $11,091,000 after purchasing an additional 99,248 shares during the last quarter. Tredje AP fonden grew its position in Boston Properties by 801.4% during the 1st quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust's stock worth $7,251,000 after purchasing an additional 95,948 shares during the last quarter. Finally, NewSquare Capital LLC raised its holdings in shares of Boston Properties by 98.3% in the first quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust's stock worth $7,281,000 after buying an additional 53,727 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company's stock.

Boston Properties Price Performance

BXP traded down $0.24 during trading on Friday, reaching $63.81. 78,337 shares of the company traded hands, compared to its average volume of 1,263,248. Boston Properties has a 12-month low of $54.22 and a 12-month high of $90.11. The firm has a fifty day simple moving average of $65.05 and a 200 day simple moving average of $72.51. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. The company has a market cap of $10.10 billion, a P/E ratio of 638.16, a PEG ratio of 0.91 and a beta of 1.12.

Boston Properties (NYSE:BXP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.64 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.01). Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. The company had revenue of $865.22 million during the quarter, compared to analysts' expectations of $833.89 million. During the same quarter in the previous year, the firm earned $1.73 EPS. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts forecast that Boston Properties will post 6.91 EPS for the current year.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.98 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $3.92 annualized dividend and a yield of 6.14%. Boston Properties's dividend payout ratio (DPR) is -19,600.00%.

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.