Brokerages Set Boston Properties Inc. (BXP) Price Target at $144.47
Shares of Boston Properties Inc. (NYSE:BXP) have been given a consensus recommendation of “Hold” by the twenty-one analysts that are currently covering the stock. Twelve investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $144.47.
A number of equities analysts have recently commented on the company. TheStreet downgraded Boston Properties from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. JPMorgan Chase & Co. increased their target price on Boston Properties from $133.00 to $144.00 and gave the company a “neutral” rating in a research note on Thursday, August 11th. BTIG Research assumed coverage on Boston Properties in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Jefferies Group lowered their target price on Boston Properties from $141.00 to $138.00 and set a “hold” rating for the company in a research note on Monday, August 22nd. Finally, Zacks Investment Research upgraded Boston Properties from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research note on Thursday, August 4th.
Hedge funds have recently made changes to their positions in the company. Global X Management Co. LLC increased its stake in shares of Boston Properties by 124.5% in the third quarter. Global X Management Co. LLC now owns 945 shares of the company’s stock valued at $129,000 after buying an additional 524 shares during the period. Euclid Advisors LLC acquired a new stake in shares of Boston Properties during the second quarter valued at $138,000. Glenmede Trust Co. NA increased its stake in shares of Boston Properties by 30.9% in the second quarter. Glenmede Trust Co. NA now owns 1,189 shares of the company’s stock valued at $155,000 after buying an additional 281 shares during the last quarter. Advisor Partners LLC acquired a new stake in shares of Boston Properties during the second quarter valued at $202,000. Finally, Carnegie Capital Asset Management LLC acquired a new stake in shares of Boston Properties during the third quarter valued at $202,000. 94.42% of the stock is currently owned by institutional investors and hedge funds.
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Boston Properties (NYSE:BXP) opened at 125.26 on Friday. Boston Properties has a one year low of $107.28 and a one year high of $144.02. The stock has a market cap of $19.26 billion, a price-to-earnings ratio of 39.02 and a beta of 0.63. The firm has a 50-day moving average price of $122.74 and a 200-day moving average price of $131.61.
Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, October 25th. The company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by $0.01. The firm earned $625.23 million during the quarter, compared to analysts’ expectations of $621.99 million. Boston Properties had a return on equity of 6.54% and a net margin of 19.83%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $1.41 earnings per share. On average, equities analysts predict that Boston Properties will post $5.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Wednesday, September 28th. Boston Properties’s dividend payout ratio (DPR) is 81.00%.
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. 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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