BXP, Inc. (NYSE:BXP) Receives Average Recommendation of "Hold" from Brokerages

BXP, Inc. (NYSE:BXP - Get Free Report) has been assigned a consensus recommendation of "Hold" from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $79.54.

A number of brokerages have issued reports on BXP. Jefferies Financial Group assumed coverage on shares of BXP in a research note on Monday, March 17th. They issued a "buy" rating and a $78.00 price objective on the stock. Barclays reduced their price target on BXP from $89.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. BMO Capital Markets upped their price objective on BXP from $85.00 to $86.00 and gave the company an "outperform" rating in a report on Monday. JPMorgan Chase & Co. raised BXP from an "underweight" rating to a "neutral" rating and increased their target price for the company from $72.00 to $78.00 in a research note on Monday. Finally, Scotiabank decreased their target price on BXP from $85.00 to $83.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th.

BXP Trading Down 5.2%

BXP traded down $3.64 during mid-day trading on Friday, reaching $66.70. The stock had a trading volume of 2,886,728 shares, compared to its average volume of 1,332,666. The firm's fifty day simple moving average is $67.59 and its two-hundred day simple moving average is $69.38. The stock has a market capitalization of $10.56 billion, a P/E ratio of -3,333.33, a P/E/G ratio of 5.80 and a beta of 1.16. BXP has a 52 week low of $54.22 and a 52 week high of $90.11. The company has a debt-to-equity ratio of 2.04, a quick ratio of 4.23 and a current ratio of 4.23.

BXP (NYSE:BXP - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $865.22 million during the quarter, compared to the consensus estimate of $833.89 million. BXP had a negative net margin of 0.16% and a positive return on equity of 3.72%. BXP's revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 EPS. On average, equities analysts predict that BXP will post 6.91 EPS for the current year.

BXP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.98 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.92 annualized dividend and a yield of 5.88%. BXP's dividend payout ratio is presently -19,600.00%.

Institutional Trading of BXP

Several hedge funds and other institutional investors have recently made changes to their positions in BXP. Canada Post Corp Registered Pension Plan acquired a new position in BXP in the 4th quarter valued at approximately $32,000. Sentry Investment Management LLC bought a new stake in shares of BXP in the first quarter worth $34,000. Huntington National Bank grew its stake in shares of BXP by 29.8% in the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 263 shares during the last quarter. Hurley Capital LLC acquired a new stake in BXP in the fourth quarter valued at $94,000. Finally, Brooklyn Investment Group raised its position in BXP by 124.6% during the 1st quarter. Brooklyn Investment Group now owns 1,927 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 1,069 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

BXP 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.