Royal Bank Of Canada set a $140.00 target price on Boston Properties (NYSE:BXP) in a report issued on Monday. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other brokerages have also issued reports on BXP. Jefferies Group reaffirmed a hold rating and set a $124.00 price target on shares of Boston Properties in a research note on Tuesday, October 24th. KeyCorp reaffirmed a hold rating on shares of Boston Properties in a research note on Friday, September 1st. TheStreet raised Boston Properties from a c rating to a b- rating in a research note on Tuesday, August 1st. SunTrust Banks reissued a hold rating and set a $130.00 price objective on shares of Boston Properties in a research note on Monday, October 9th. Finally, Mizuho reissued a hold rating and set a $122.00 price objective on shares of Boston Properties in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $133.92.

Boston Properties (NYSE:BXP) opened at $125.05 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market capitalization of $19,242.45, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 3.57 and a beta of 0.63. Boston Properties has a one year low of $116.77 and a one year high of $140.13.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. The firm had revenue of $657.70 million during the quarter, compared to analyst estimates of $649.84 million. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $1.42 EPS. equities research analysts predict that Boston Properties will post 6.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Thursday, September 28th. Boston Properties’s dividend payout ratio is presently 93.75%.

In other news, insider Bryan J. Koop sold 5,868 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total value of $730,859.40. Following the completion of the sale, the insider now owns 585 shares of the company’s stock, valued at $72,861.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

Institutional investors have recently modified their holdings of the company. BT Investment Management Ltd purchased a new stake in shares of Boston Properties during the second quarter worth $8,518,000. Swiss National Bank raised its holdings in shares of Boston Properties by 0.8% during the third quarter. Swiss National Bank now owns 667,935 shares of the real estate investment trust’s stock worth $82,076,000 after acquiring an additional 5,300 shares in the last quarter. AXA raised its holdings in shares of Boston Properties by 22.9% during the second quarter. AXA now owns 161,393 shares of the real estate investment trust’s stock worth $19,855,000 after acquiring an additional 30,104 shares in the last quarter. Eii Capital Management Inc. raised its holdings in shares of Boston Properties by 59.7% during the second quarter. Eii Capital Management Inc. now owns 31,000 shares of the real estate investment trust’s stock worth $3,814,000 after acquiring an additional 11,590 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Boston Properties by 5.4% during the second quarter. Teachers Advisors LLC now owns 1,251,924 shares of the real estate investment trust’s stock worth $154,012,000 after acquiring an additional 64,326 shares in the last quarter. 95.58% of the stock is owned by institutional investors and hedge funds.

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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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