Mizuho Has Lowered Expectations for BXP (NYSE:BXP) Stock Price

BXP (NYSE:BXP - Free Report) had its price objective decreased by Mizuho from $86.00 to $82.00 in a research report sent to investors on Monday morning,Benzinga reports. Mizuho currently has an outperform rating on the real estate investment trust's stock.

A number of other analysts have also recently issued reports on the company. BMO Capital Markets reissued an "outperform" rating and issued a $86.00 target price (up from $85.00) on shares of BXP in a research report on Monday, June 23rd. Jefferies Financial Group initiated coverage on BXP in a report on Monday, March 17th. They issued a "buy" rating and a $78.00 price objective for the company. Scotiabank lowered their target price on shares of BXP from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research report on Monday. JPMorgan Chase & Co. upgraded shares of BXP from an "underweight" rating to a "neutral" rating and upped their price target for the company from $72.00 to $78.00 in a research report on Monday, June 23rd. Finally, Wells Fargo & Company decreased their price target on shares of BXP from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $79.08.

BXP Stock Up 0.7%

BXP stock traded up $0.48 during mid-day trading on Monday, hitting $71.25. The company had a trading volume of 1,605,680 shares, compared to its average volume of 1,515,065. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 2.04. BXP has a 1 year low of $54.22 and a 1 year high of $90.11. The business has a fifty day moving average of $68.61 and a 200 day moving average of $68.46. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of -3,560.62, a PEG ratio of 5.79 and a beta of 1.15.

BXP (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). BXP had a positive return on equity of 3.72% and a negative net margin of 0.16%. The company had revenue of $865.22 million for the quarter, compared to analyst estimates of $833.89 million. During the same quarter in the prior year, the business earned $1.73 earnings per share. BXP's revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts expect that BXP will post 6.91 earnings per share for the current fiscal year.

BXP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.50%. BXP's dividend payout ratio (DPR) is -19,600.00%.

Institutional Investors Weigh In On BXP

Hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank lifted its holdings in shares of BXP by 29.8% during the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 263 shares in the last quarter. CX Institutional raised its holdings in shares of BXP by 24.6% during the 2nd quarter. CX Institutional now owns 1,526 shares of the real estate investment trust's stock valued at $103,000 after buying an additional 301 shares during the period. Canada Post Corp Registered Pension Plan purchased a new stake in shares of BXP during the 4th quarter valued at about $32,000. Teachers Retirement System of The State of Kentucky lifted its position in BXP by 4.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 11,215 shares of the real estate investment trust's stock worth $754,000 after acquiring an additional 441 shares in the last quarter. Finally, Spirit of America Management Corp NY boosted its holdings in BXP by 7.8% in the 1st quarter. Spirit of America Management Corp NY now owns 6,915 shares of the real estate investment trust's stock worth $465,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 98.72% of the company's stock.

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.