Boston Properties, Inc. (NYSE:BXP) Receives $82.00 Consensus Price Target from Brokerages

Boston Properties, Inc. (NYSE:BXP) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $82.00.

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of Boston Properties from $64.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Truist Financial raised their price target on shares of Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Wedbush raised shares of Boston Properties from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Jefferies Financial Group cut their target price on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st.

Boston Properties Price Performance

Boston Properties stock opened at $74.58 on Thursday. The firm has a market capitalization of $11.79 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. Boston Properties has a 12-month low of $56.46 and a 12-month high of $90.11. The firm has a 50-day moving average price of $76.48 and a 200-day moving average price of $76.60. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $1.81 by ($1.28). The company had revenue of $859.23 million during the quarter, compared to analysts’ expectations of $829.91 million. Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 EPS. As a group, equities research analysts forecast that Boston Properties will post 7.1 EPS for the current year.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Tuesday, December 31st. Boston Properties’s payout ratio is currently 169.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Earnest Partners LLC boosted its stake in Boston Properties by 25.9% in the 2nd quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust’s stock worth $162,348,000 after purchasing an additional 542,610 shares in the last quarter. Whittier Trust Co. boosted its stake in Boston Properties by 4.2% in the 3rd quarter. Whittier Trust Co. now owns 296,354 shares of the real estate investment trust’s stock worth $23,844,000 after purchasing an additional 12,018 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Boston Properties in the 2nd quarter worth approximately $12,914,000. AXA S.A. boosted its stake in Boston Properties by 22.8% in the 2nd quarter. AXA S.A. now owns 144,492 shares of the real estate investment trust’s stock worth $8,895,000 after purchasing an additional 26,844 shares in the last quarter. Finally, Employees Retirement System of Texas boosted its stake in Boston Properties by 133.3% in the 2nd quarter. Employees Retirement System of Texas now owns 140,000 shares of the real estate investment trust’s stock worth $8,618,000 after purchasing an additional 80,000 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

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.