Boston Properties, Inc. (NYSE:BXP) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Sunday.

Several other brokerages have also issued reports on BXP. Barclays PLC upped their price target on Boston Properties from $139.00 to $141.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. BMO Capital Markets reiterated a “buy” rating and issued a $145.00 price objective on shares of Boston Properties in a report on Wednesday, April 5th. Evercore ISI reiterated an “in-line” rating and issued a $133.00 price objective (down previously from $138.00) on shares of Boston Properties in a report on Friday, April 28th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $127.00 price objective on shares of Boston Properties in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $150.00 price objective on shares of Boston Properties in a report on Wednesday, July 5th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $138.82.

Boston Properties (NYSE:BXP) traded up 1.10% on Friday, reaching $121.70. The company had a trading volume of 502,132 shares. Boston Properties has a 12 month low of $113.69 and a 12 month high of $144.02. The company has a market capitalization of $18.72 billion, a price-to-earnings ratio of 44.91 and a beta of 0.65. The company’s 50 day moving average price is $123.14 and its 200-day moving average price is $129.11.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by $0.02. Boston Properties had a net margin of 16.94% and a return on equity of 5.54%. The firm had revenue of $632.23 million for the quarter, compared to analyst estimates of $637.34 million. During the same period last year, the company earned $1.18 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. On average, equities analysts predict that Boston Properties will post $2.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $3.00 dividend on an annualized basis and a yield of 2.47%. Boston Properties’s dividend payout ratio (DPR) is presently 111.11%.

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Institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. raised its position in Boston Properties by 4.5% in the second quarter. Eqis Capital Management Inc. now owns 7,411 shares of the real estate investment trust’s stock worth $912,000 after buying an additional 319 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in Boston Properties by 509.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 24,981 shares of the real estate investment trust’s stock worth $3,073,000 after buying an additional 20,880 shares during the period. National Pension Service raised its position in Boston Properties by 10.3% in the second quarter. National Pension Service now owns 147,429 shares of the real estate investment trust’s stock worth $18,160,000 after buying an additional 13,730 shares during the period. Bank of Montreal Can raised its position in shares of Boston Properties by 27.2% in the second quarter. Bank of Montreal Can now owns 997,341 shares of the real estate investment trust’s stock valued at $122,693,000 after buying an additional 213,023 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in shares of Boston Properties by 0.7% in the second quarter. Xact Kapitalforvaltning AB now owns 26,700 shares of the real estate investment trust’s stock valued at $3,285,000 after buying an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 94.29% of the company’s stock.

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.

Analyst Recommendations for Boston Properties (NYSE:BXP)

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