Boston Properties, Inc. (NYSE:BXP) Upgraded at TheStreet
BXP has been the topic of a number of other reports. Evercore ISI restated an in-line rating and set a $133.00 price objective (down from $138.00) on shares of Boston Properties in a research note on Friday, April 28th. Barclays PLC dropped their price target on shares of Boston Properties from $141.00 to $137.00 and set an overweight rating on the stock in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a $127.00 price target on shares of Boston Properties in a research report on Thursday, June 22nd. Zacks Investment Research cut shares of Boston Properties from a hold rating to a sell rating in a research report on Tuesday, July 18th. Finally, BidaskClub upgraded shares of Boston Properties from a sell rating to a hold rating in a research report on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Boston Properties presently has a consensus rating of Hold and a consensus price target of $137.92.
Boston Properties (NYSE BXP) traded up 1.54% on Tuesday, reaching $123.71. 694,803 shares of the company’s stock traded hands. The firm has a market capitalization of $19.03 billion, a P/E ratio of 40.56 and a beta of 0.64. Boston Properties has a 52 week low of $113.69 and a 52 week high of $144.02. The stock has a 50-day moving average of $122.34 and a 200 day moving average of $128.10.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. Boston Properties had a net margin of 18.18% and a return on equity of 6.02%. The business had revenue of $656.90 million for the quarter, compared to analysts’ expectations of $645.96 million. During the same period in the previous year, the business earned $1.44 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that Boston Properties will post $2.73 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.43%. The ex-dividend date was Wednesday, June 28th. Boston Properties’s dividend payout ratio is 102.04%.
A number of institutional investors have recently bought and sold shares of BXP. Chevy Chase Trust Holdings Inc. raised its position in Boston Properties by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 133,367 shares of the real estate investment trust’s stock valued at $17,659,000 after buying an additional 4,323 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in Boston Properties during the first quarter worth approximately $232,000. Gulf International Bank UK Ltd increased its position in Boston Properties by 6.0% in the first quarter. Gulf International Bank UK Ltd now owns 47,998 shares of the real estate investment trust’s stock worth $6,355,000 after buying an additional 2,700 shares during the last quarter. National Pension Service increased its position in Boston Properties by 6.1% in the first quarter. National Pension Service now owns 133,699 shares of the real estate investment trust’s stock worth $17,565,000 after buying an additional 7,634 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Boston Properties by 42.3% in the first quarter. Bank of Montreal Can now owns 784,318 shares of the real estate investment trust’s stock worth $103,853,000 after buying an additional 233,067 shares during the last quarter. Institutional investors and hedge funds own 94.73% 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.
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