Robert W. Baird reissued their hold rating on shares of Boston Properties (NYSE:BXP) in a report published on Tuesday. The brokerage currently has a $125.00 price target on the real estate investment trust’s stock.
A number of other research firms have also commented on BXP. Jefferies Group reaffirmed a hold rating and set a $124.00 price objective on shares of Boston Properties in a research note on Tuesday, October 24th. SunTrust Banks reaffirmed a hold rating and set a $130.00 price objective on shares of Boston Properties in a research note on Monday, October 9th. BMO Capital Markets lowered shares of Boston Properties from an outperform rating to a market perform rating and set a $134.00 price objective for the company. in a research note on Tuesday. They noted that the move was a valuation call. KeyCorp reaffirmed a hold rating on shares of Boston Properties in a research note on Wednesday, October 4th. Finally, Royal Bank of Canada set a $140.00 price objective on shares of Boston Properties and gave the company a buy rating in a research note on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Boston Properties presently has an average rating of Hold and a consensus target price of $131.00.
Boston Properties (NYSE:BXP) traded down $1.53 during mid-day trading on Tuesday, reaching $122.33. 637,036 shares of the company’s stock were exchanged, compared to its average volume of 824,556. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.92. Boston Properties has a 52 week low of $116.77 and a 52 week high of $140.13. The stock has a market capitalization of $19,114.36, a price-to-earnings ratio of 38.23, a PEG ratio of 3.48 and a beta of 0.63.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th will be issued a $0.80 dividend. This is an increase from Boston Properties’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.62%. Boston Properties’s dividend payout ratio is currently 100.00%.
In other news, insider Bryan J. Koop sold 5,868 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total value of $730,859.40. Following the transaction, the insider now owns 585 shares in the company, valued at approximately $72,861.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.17% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Amica Retiree Medical Trust acquired a new position in shares of Boston Properties in the 3rd quarter valued at about $105,000. NewSquare Capital LLC increased its holdings in shares of Boston Properties by 12,184.0% in the 3rd quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 121,840 shares during the period. Fieldpoint Private Securities LLC acquired a new position in shares of Boston Properties in the 3rd quarter valued at about $125,000. Sun Life Financial INC increased its holdings 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 period. Finally, Americafirst Capital Management LLC acquired a new position in shares of Boston Properties in the 3rd quarter valued at about $169,000. Institutional investors own 95.22% of the company’s stock.
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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.
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