Edward Jones upgraded shares of Boston Properties (NYSE:BXP) from a hold rating to a buy rating in a research note issued to investors on Monday morning, MarketBeat.com reports.
Several other research firms have also recently commented on BXP. Jefferies Group reaffirmed a hold rating and issued a $124.00 price target on shares of Boston Properties in a report on Tuesday, October 24th. BMO Capital Markets reaffirmed a hold rating and issued a $134.00 price target on shares of Boston Properties in a report on Thursday, February 1st. Zacks Investment Research cut Boston Properties from a hold rating to a sell rating in a report on Tuesday, January 9th. SunTrust Banks reaffirmed a hold rating and issued a $130.00 price target on shares of Boston Properties in a report on Monday, October 9th. Finally, Barclays reaffirmed a buy rating and issued a $131.00 price target (down previously from $135.00) on shares of Boston Properties in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Boston Properties currently has an average rating of Hold and a consensus price target of $131.20.
Shares of Boston Properties (NYSE:BXP) opened at $112.09 on Monday. Boston Properties has a fifty-two week low of $111.87 and a fifty-two week high of $140.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.43 and a quick ratio of 0.44. The company has a market capitalization of $17,796.79, a P/E ratio of 38.79, a P/E/G ratio of 3.26 and a beta of 0.58.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th were paid a dividend of $0.80 per share. This is a boost from Boston Properties’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, December 28th. This represents a $3.20 annualized dividend and a yield of 2.85%. Boston Properties’s dividend payout ratio (DPR) is 109.22%.
A number of hedge funds have recently bought and sold shares of BXP. QS Investors LLC increased its stake in Boston Properties by 22.4% during the second quarter. QS Investors LLC now owns 11,888 shares of the real estate investment trust’s stock worth $1,462,000 after acquiring an additional 2,179 shares during the last quarter. HighTower Advisors LLC increased its stake in Boston Properties by 1.9% during the second quarter. HighTower Advisors LLC now owns 7,652 shares of the real estate investment trust’s stock worth $941,000 after acquiring an additional 140 shares during the last quarter. Clinton Group Inc. acquired a new stake in Boston Properties during the second quarter worth $236,000. Royal Bank of Canada increased its stake in Boston Properties by 21.8% during the second quarter. Royal Bank of Canada now owns 132,388 shares of the real estate investment trust’s stock worth $16,286,000 after acquiring an additional 23,718 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in Boston Properties by 2.6% during the second quarter. Macquarie Group Ltd. now owns 182,765 shares of the real estate investment trust’s stock worth $22,483,000 after acquiring an additional 4,693 shares during the last quarter. 95.87% of the stock is owned by institutional investors.
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About Boston Properties
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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