Boston Properties, Inc. (NYSE:BXP) Receives Consensus Recommendation of “Hold” from Analysts

Boston Properties, Inc. (NYSE:BXP) has been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $80.85.

BXP has been the subject of several recent research reports. Wedbush cut Boston Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 30th. Jefferies Financial Group initiated coverage on Boston Properties in a research report on Monday. They set a “buy” rating and a $78.00 price target for the company. Piper Sandler reduced their price target on Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Scotiabank reduced their price target on Boston Properties from $85.00 to $83.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Truist Financial raised their price objective on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th.

Insider Transactions at Boston Properties

In other news, EVP Hilary J. Spann sold 12,379 shares of Boston Properties stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total value of $891,535.58. Following the sale, the executive vice president now directly owns 7,271 shares of the company’s stock, valued at $523,657.42. The trade was a 63.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Donna D. Garesche sold 2,143 shares of Boston Properties stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total value of $145,445.41. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On Boston Properties

Institutional investors have recently added to or reduced their stakes in the stock. Canada Post Corp Registered Pension Plan purchased a new position in Boston Properties during the fourth quarter worth approximately $32,000. Harvest Fund Management Co. Ltd lifted its position in 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 worth $49,000 after buying an additional 603 shares in the last quarter. Brooklyn Investment Group purchased a new position in Boston Properties during the third quarter worth approximately $58,000. Huntington National Bank lifted its position in Boston Properties by 29.8% during the fourth quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 263 shares in the last quarter. Finally, Hurley Capital LLC purchased a new position in Boston Properties during the fourth quarter worth approximately $94,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Boston Properties Trading Down 0.7 %

Shares of NYSE:BXP opened at $68.40 on Friday. Boston Properties has a 52-week low of $56.46 and a 52-week high of $90.11. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 684.06, a PEG ratio of 0.91 and a beta of 1.19. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. The business has a 50-day moving average price of $70.27 and a 200-day moving average price of $76.52.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. Equities analysts predict that Boston Properties will post 6.91 EPS for the current year.

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.73%. Boston Properties’s dividend payout ratio is presently 3,920.00%.

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.