Analysts Set Boston Properties, Inc. (NYSE:BXP) Price Target at $77.67

Boston Properties, Inc. (NYSE:BXP - Get Free Report) has been assigned an average recommendation of "Hold" from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $77.67.

Several research analysts recently issued reports on BXP shares. Jefferies Financial Group assumed coverage on Boston Properties in a research report on Monday, March 17th. They set a "buy" rating and a $78.00 target price on the stock. Scotiabank decreased their price target on Boston Properties from $85.00 to $83.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Barclays decreased 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. Piper Sandler decreased their price target on Boston Properties from $100.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Wells Fargo & Company decreased their price target on Boston Properties from $80.00 to $78.00 and set an "overweight" rating for the company in a report on Monday, May 19th.

Insiders Place Their Bets

In other news, EVP Donna D. Garesche sold 2,143 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total transaction of $145,445.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.49% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Deutsche Bank AG lifted its position in shares of Boston Properties by 30.6% during the 4th quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust's stock valued at $70,612,000 after buying an additional 222,284 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Boston Properties by 3.5% during the 4th quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust's stock valued at $22,812,000 after purchasing an additional 10,429 shares during the period. Nuveen LLC bought a new stake in shares of Boston Properties during the 1st quarter valued at $14,737,000. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Boston Properties by 12.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust's stock valued at $12,679,000 after purchasing an additional 18,900 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in shares of 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 valued at $11,091,000 after purchasing an additional 99,248 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Boston Properties Stock Down 2.3%

Boston Properties stock traded down $1.60 during mid-day trading on Wednesday, reaching $67.25. The stock had a trading volume of 2,502,753 shares, compared to its average volume of 1,287,982. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. Boston Properties has a fifty-two week low of $54.22 and a fifty-two week high of $90.11. The stock's 50-day simple moving average is $64.61 and its 200-day simple moving average is $70.36. The firm has a market capitalization of $10.65 billion, a PE ratio of 672.57, a price-to-earnings-growth ratio of 0.91 and a beta of 1.12.

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

Boston Properties Dividend Announcement

The firm 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 was Monday, March 31st. This represents a $3.92 annualized dividend and a yield of 5.83%. Boston Properties's dividend payout ratio is currently -19,600.00%.

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.