Analysts Set Boston Properties, Inc. (NYSE:BXP) Target Price at $69.44

Boston Properties, Inc. (NYSE:BXP - Get Free Report) has been assigned an average recommendation of "Hold" from the seventeen brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $69.44.

Several equities research analysts have recently commented on the stock. Barclays decreased their target price on shares of Boston Properties from $67.00 to $66.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 27th. StockNews.com raised shares of Boston Properties from a "sell" rating to a "hold" rating in a research report on Thursday, February 1st. Truist Financial reduced their price objective on shares of Boston Properties from $77.00 to $75.00 and set a "hold" rating for the company in a research report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Boston Properties in a research report on Tuesday, January 30th. They issued a "hold" rating and a $74.00 price objective for the company. Finally, Jefferies Financial Group raised shares of Boston Properties from a "hold" rating to a "buy" rating and upped their price objective for the stock from $57.00 to $80.00 in a research report on Tuesday, January 2nd.

Insider Buying and Selling

In related news, EVP Raymond A. Ritchey sold 14,150 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $62.84, for a total transaction of $889,186.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Boston Properties

A number of institutional investors have recently made changes to their positions in BXP. McGlone Suttner Wealth Management Inc. bought a new position in shares of Boston Properties in the 4th quarter worth $29,000. Manchester Capital Management LLC grew its holdings in shares of Boston Properties by 435.9% during the 4th quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 340 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Boston Properties by 770.9% during the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 424 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Boston Properties during the 4th quarter valued at $34,000. Finally, Cambridge Trust Co. grew its holdings in shares of Boston Properties by 80.1% during the 4th quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 98.72% of the company's stock.

Boston Properties Stock Up 2.6 %

BXP traded up $1.59 during midday trading on Tuesday, hitting $62.93. The company had a trading volume of 1,600,153 shares, compared to its average volume of 1,446,123. Boston Properties has a 52 week low of $46.80 and a 52 week high of $73.97. The company has a quick ratio of 5.40, a current ratio of 5.40 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 52.01 and a beta of 1.15. The stock's 50 day moving average price is $63.33 and its 200 day moving average price is $62.83.

Boston Properties (NYSE:BXP - Get Free Report) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.81 by ($1.05). The business had revenue of $828.90 million for the quarter, compared to the consensus estimate of $811.59 million. Boston Properties had a return on equity of 2.32% and a net margin of 5.81%. The company's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 earnings per share. On average, research analysts anticipate that Boston Properties will post 7.12 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend is Wednesday, March 27th. Boston Properties's dividend payout ratio (DPR) is presently 323.97%.

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.