Boston Properties (NYSE:BXP) Stock Rating Upgraded by Compass Point

Compass Point upgraded shares of Boston Properties (NYSE:BXP) from a neutral rating to a buy rating in a report released on Thursday morning, Marketbeat reports. The firm currently has $88.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $80.00.

Other analysts also recently issued reports about the company. Truist Financial increased their price target on Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Barclays increased their price target on Boston Properties from $65.00 to $88.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Piper Sandler upgraded Boston Properties from a “neutral” rating to an “overweight” rating and increased their price target for the company from $78.00 to $105.00 in a report on Wednesday, October 23rd. Wedbush increased their price target on Boston Properties from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Evercore ISI upped their price objective on shares of Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $80.85.

Boston Properties Trading Down 1.6 %

Shares of BXP stock traded down $1.25 on Thursday, reaching $78.22. 545,487 shares of the stock were exchanged, compared to its average volume of 1,270,826. The stock has a market cap of $12.37 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01. The firm has a 50 day moving average of $81.94 and a two-hundred day moving average of $70.89. Boston Properties has a 1-year low of $52.61 and a 1-year high of $90.11.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). The firm had revenue of $859.23 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $1.86 earnings per share. On average, research analysts anticipate that Boston Properties will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.92 annualized dividend and a yield of 5.01%. Boston Properties’s dividend payout ratio (DPR) is 169.70%.

Insider Buying and Selling

In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total value of $351,410.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Raymond A. Ritchey sold 21,835 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.75. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Boston Properties

Several large investors have recently made changes to their positions in BXP. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Boston Properties by 212.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 386 shares during the period. Harvest Fund Management Co. Ltd increased its stake in shares of Boston Properties by 5,025.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 603 shares during the period. UMB Bank n.a. increased its stake in shares of Boston Properties by 115.5% during the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 380 shares during the period. Brooklyn Investment Group acquired a new position in shares of Boston Properties during the third quarter valued at approximately $58,000. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Boston Properties by 59.1% during the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 395 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.