Other research analysts have also recently issued reports about the stock. Mizuho reiterated a hold rating and set a $122.00 target price on shares of Boston Properties in a report on Friday. Jefferies Group LLC reiterated a hold rating and set a $121.00 target price on shares of Boston Properties in a report on Friday, July 14th. BidaskClub cut shares of Boston Properties from a hold rating to a sell rating in a report on Saturday, July 8th. Royal Bank Of Canada cut shares of Boston Properties from a top pick rating to an outperform rating and dropped their target price for the stock from $150.00 to $140.00 in a report on Thursday, August 17th. Finally, TheStreet raised shares of Boston Properties from a c rating to a b- rating in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Boston Properties currently has an average rating of Hold and a consensus target price of $133.36.
Shares of Boston Properties (BXP) traded down $1.30 during trading on Friday, reaching $120.68. 1,062,808 shares of the company’s stock traded hands, compared to its average volume of 599,294. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 0.92. Boston Properties has a one year low of $113.76 and a one year high of $140.13. The company has a market cap of $18.62 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 3.56 and a beta of 0.63.
Boston Properties (NYSE:BXP) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The company had revenue of $657.70 million for the quarter, compared to analysts’ expectations of $649.84 million. During the same period in the prior year, the business earned $1.42 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. research analysts predict that Boston Properties will post 6.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, September 28th. Boston Properties’s payout ratio is currently 90.63%.
Several institutional investors have recently made changes to their positions in BXP. Harbour Capital Advisors LLC raised its position in shares of Boston Properties by 12,201.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 13,422 shares during the last quarter. Sun Life Financial INC raised its position in shares of Boston Properties by 10,118.2% in the 2nd quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 1,113 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Boston Properties in the 1st quarter valued at approximately $200,000. Garner Asset Management Corp purchased a new position in shares of Boston Properties in the 2nd quarter valued at approximately $214,000. Finally, Clinton Group Inc. purchased a new position in shares of Boston Properties in the 2nd quarter valued at approximately $236,000. 94.84% of the stock is owned by hedge funds and other institutional investors.
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. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
What are top analysts saying about Boston Properties Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Boston Properties Inc. and related companies.