BXP (NYSE:BXP) Given New $65.00 Price Target at Morgan Stanley

BXP (NYSE:BXP - Free Report) had its price objective upped by Morgan Stanley from $62.00 to $65.00 in a research report released on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the real estate investment trust's stock.

Other equities analysts have also issued research reports about the stock. Piper Sandler decreased their price objective on shares of BXP from $100.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Scotiabank reduced their target price on BXP from $83.00 to $81.00 and set a "sector perform" rating for the company in a report on Monday. UBS Group decreased their target price on BXP from $80.00 to $68.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. BMO Capital Markets reissued an "outperform" rating and set a $86.00 price target (up from $85.00) on shares of BXP in a research report on Monday, June 23rd. Finally, Wells Fargo & Company reduced their price objective on BXP from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $78.07.

BXP Trading Up 0.2%

Shares of BXP stock traded up $0.14 on Wednesday, reaching $70.06. 1,654,430 shares of the company were exchanged, compared to its average volume of 1,345,083. BXP has a fifty-two week low of $54.22 and a fifty-two week high of $90.11. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of -3,501.20, a price-to-earnings-growth ratio of 5.72 and a beta of 1.15. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 2.04. The stock has a fifty day moving average price of $68.86 and a 200-day moving average price of $68.45.

BXP (NYSE:BXP - Get Free Report) last posted 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). BXP had a negative net margin of 0.16% and a positive return on equity of 3.72%. The firm had revenue of $865.22 million for the quarter, compared to analysts' expectations of $833.89 million. During the same period in the prior year, the company posted $1.73 earnings per share. BXP's quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts expect that BXP will post 6.91 EPS for the current year.

BXP Announces Dividend

The firm 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. This represents a $3.92 annualized dividend and a yield of 5.60%. The ex-dividend date of this dividend is Monday, June 30th. BXP's dividend payout ratio is -19,600.00%.

Institutional Trading of BXP

Several large investors have recently made changes to their positions in the stock. Deutsche Bank AG raised its stake in shares of BXP by 30.6% in 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 acquiring an additional 222,284 shares in the last quarter. Nuveen LLC acquired a new position in BXP during the first quarter valued at approximately $14,737,000. Raymond James Financial Inc. acquired a new position in BXP during the fourth quarter valued at approximately $8,994,000. Tredje AP fonden raised its position in shares of BXP by 801.4% in the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust's stock valued at $7,251,000 after purchasing an additional 95,948 shares during the period. Finally, NewSquare Capital LLC lifted its stake in shares of BXP 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. Institutional investors 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.