Boston Properties, Inc. (NYSE:BXP) Receives $77.67 Consensus Price Target from Brokerages

Shares of Boston Properties, Inc. (NYSE:BXP - Get Free Report) have earned a consensus rating of "Hold" from the twelve ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $77.67.

A number of equities analysts recently weighed in on BXP shares. Wells Fargo & Company reduced 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. Piper Sandler decreased their price target on shares of Boston Properties from $100.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Wedbush lowered Boston Properties from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 30th. 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. Finally, Scotiabank reduced their price target on shares of Boston Properties from $85.00 to $83.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th.

Insider Activity at Boston Properties

In related news, EVP Donna D. Garesche sold 2,143 shares of the firm'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 can be accessed through the SEC website. 1.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Boston Properties

A number of institutional investors have recently modified their holdings of BXP. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Boston Properties by 12.5% during the fourth 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 last quarter. Raymond James Financial Inc. bought a new position in Boston Properties during the 4th quarter worth $8,994,000. Cibc World Markets Corp lifted its stake in Boston Properties by 12.2% in the fourth quarter. Cibc World Markets Corp now owns 65,481 shares of the real estate investment trust's stock valued at $4,869,000 after buying an additional 7,100 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Boston Properties by 198.9% during the fourth quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust's stock valued at $11,091,000 after acquiring an additional 99,248 shares during the period. Finally, Whittier Trust Co. boosted its holdings in shares of Boston Properties by 3.5% during the fourth quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust's stock valued at $22,812,000 after acquiring an additional 10,429 shares during the period. Institutional investors own 98.72% of the company's stock.

Boston Properties Stock Performance

BXP stock traded up $1.08 during trading on Wednesday, reaching $68.85. The company had a trading volume of 1,643,664 shares, compared to its average volume of 1,286,743. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 688.61, a price-to-earnings-growth ratio of 0.91 and a beta of 1.12. Boston Properties has a twelve month low of $54.22 and a twelve month high of $90.11. 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 firm has a 50-day simple moving average of $64.65 and a 200-day simple moving average of $70.65.

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

Boston Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a $0.98 dividend. The ex-dividend date was Monday, March 31st. This represents a $3.92 dividend on an annualized basis and a yield of 5.69%. 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.