BXP, Inc. (NYSE:BXP) Given Average Recommendation of “Hold” by Analysts

BXP, Inc. (NYSE:BXP) has been given an average recommendation of “Hold” by the twenty-one ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $75.00.

Several equities analysts have weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and set a $79.00 target price on shares of BXP in a report on Thursday, January 29th. Scotiabank reduced their target price on BXP from $74.00 to $65.00 and set a “sector perform” rating for the company in a report on Monday. Wells Fargo & Company decreased their target price on BXP from $77.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Mizuho lowered shares of BXP from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $79.00 to $62.00 in a research report on Tuesday, February 24th. Finally, Barclays decreased their price objective on shares of BXP from $81.00 to $66.00 and set an “overweight” rating for the company in a report on Thursday, February 26th.

Insider Activity

In other news, EVP Hilary J. Spann sold 5,495 shares of BXP stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $59.69, for a total value of $327,996.55. Following the transaction, the executive vice president directly owned 17,832 shares in the company, valued at approximately $1,064,392.08. The trade was a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Owen D. Thomas sold 1,198 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $61.22, for a total value of $73,341.56. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 7,887 shares of company stock worth $476,930. 1.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BXP

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in BXP in the 4th quarter valued at $689,419,000. Cohen & Steers Inc. lifted its stake in shares of BXP by 41.4% in the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after buying an additional 4,503,738 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in BXP by 32,286.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock worth $127,477,000 after buying an additional 1,883,282 shares in the last quarter. Invesco Ltd. increased its stake in BXP by 44.9% during the third quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock valued at $289,701,000 after acquiring an additional 1,207,607 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in BXP by 52.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock valued at $206,893,000 after acquiring an additional 1,053,938 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

BXP Price Performance

NYSE BXP opened at $55.48 on Friday. The company has a quick ratio of 4.50, a current ratio of 5.36 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $8.80 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 2.40 and a beta of 1.01. The company has a 50 day moving average price of $63.91 and a two-hundred day moving average price of $69.18. BXP has a 12-month low of $53.36 and a 12-month high of $79.33.

BXP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Wednesday, December 31st. BXP’s dividend payout ratio is 160.92%.

BXP Company Profile

Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.