Boston Properties, Inc. (NYSE:BXP)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank AG in a research report issued on Monday. They presently have a $132.00 price target on the stock, down from their previous price target of $152.00. Deutsche Bank AG’s price target points to a potential upside of 2.49% from the stock’s previous close.
Several other research analysts have also issued reports on BXP. Wells Fargo & Company set a $136.00 target price on shares of Boston Properties and gave the company a “buy” rating in a research note on Wednesday, November 30th. Zacks Investment Research lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. Barclays PLC reissued a “buy” rating and set a $143.00 price objective on shares of Boston Properties in a research note on Thursday, December 1st. TheStreet lowered shares of Boston Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th. Finally, KeyCorp lowered shares of Boston Properties to an “overweight” rating in a research note on Wednesday, December 21st. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $141.78.
Boston Properties (NYSE:BXP) traded down 0.54% during mid-day trading on Monday, hitting $128.09. The stock had a trading volume of 224,655 shares. The stock has a market cap of $19.70 billion, a P/E ratio of 39.90 and a beta of 0.62. The firm has a 50-day moving average of $125.97 and a 200-day moving average of $131.48. Boston Properties has a 52-week low of $107.28 and a 52-week high of $144.02.
Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, October 25th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by $0.01. The business earned $625.23 million during the quarter, compared to the consensus estimate of $621.99 million. Boston Properties had a net margin of 19.83% and a return on equity of 6.54%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the business posted $1.41 EPS. On average, analysts forecast that Boston Properties will post $2.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Friday, December 30th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.33%. This is an increase from Boston Properties’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, December 28th. Boston Properties’s payout ratio is presently 93.46%.
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A number of institutional investors have recently modified their holdings of BXP. FMR LLC increased its position in shares of Boston Properties by 11.6% in the second quarter. FMR LLC now owns 9,786,504 shares of the company’s stock worth $1,290,839,000 after buying an additional 1,019,047 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Boston Properties by 3.8% in the third quarter. BlackRock Fund Advisors now owns 4,803,044 shares of the company’s stock worth $654,607,000 after buying an additional 175,718 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Boston Properties by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 3,849,342 shares of the company’s stock worth $524,627,000 after buying an additional 133,567 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Boston Properties by 5.7% in the third quarter. Principal Financial Group Inc. now owns 3,059,122 shares of the company’s stock worth $416,929,000 after buying an additional 163,916 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Boston Properties by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 3,056,080 shares of the company’s stock worth $403,098,000 after buying an additional 96,586 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.
Boston Properties Company Profile
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. The Company’s segments by geographic area are Boston, New York, San Francisco and Washington, DC. The Company conducts its operations through Boston Properties Limited Partnership.
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