Boston Properties (BXP) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Boston Properties (NYSE:BXP) from a hold rating to a buy rating in a report released on Monday morning.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Boston Properties from a hold rating to a buy rating and set a $141.00 price target on the stock in a report on Tuesday, November 20th. DA Davidson upgraded shares of Boston Properties from a neutral rating to a buy rating and boosted their price target for the stock from $135.00 to $145.00 in a report on Monday, November 19th. Jefferies Financial Group upgraded shares of Boston Properties from a hold rating to a buy rating and set a $139.00 price target on the stock in a report on Monday, October 15th. Barclays restated a buy rating and set a $125.00 price target on shares of Boston Properties in a report on Sunday, October 14th. Finally, BTIG Research upgraded shares of Boston Properties from a neutral rating to a buy rating and set a $130.00 price target on the stock in a report on Wednesday, January 9th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $135.93.

Boston Properties stock opened at $132.46 on Monday. Boston Properties has a fifty-two week low of $107.84 and a fifty-two week high of $132.82. The stock has a market cap of $20.26 billion, a P/E ratio of 21.03, a PEG ratio of 3.01 and a beta of 0.94. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.74 and a current ratio of 3.74.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 30th. Shareholders of record on Monday, December 31st were given a $0.95 dividend. This is a positive change from Boston Properties’s previous quarterly dividend of $0.80. The ex-dividend date was Friday, December 28th. This represents a $3.80 annualized dividend and a yield of 2.87%. Boston Properties’s payout ratio is currently 60.32%.

Hedge funds have recently made changes to their positions in the business. IFM Investors Pty Ltd raised its position in Boston Properties by 14.0% in the third quarter. IFM Investors Pty Ltd now owns 8,333 shares of the real estate investment trust’s stock worth $1,026,000 after acquiring an additional 1,022 shares during the period. Atria Investments LLC bought a new stake in Boston Properties in the third quarter worth about $226,000. First Hawaiian Bank bought a new stake in Boston Properties in the third quarter worth about $296,000. Exane Derivatives raised its position in Boston Properties by 222,400.0% in the third quarter. Exane Derivatives now owns 2,225 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 2,224 shares during the period. Finally, Credit Suisse AG raised its position in Boston Properties by 6.1% in the third quarter. Credit Suisse AG now owns 417,326 shares of the real estate investment trust’s stock worth $51,369,000 after acquiring an additional 24,082 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

About Boston Properties

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Boston Properties (NYSE:BXP)

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