Boston Properties Inc. (NYSE:BXP) has been given an average recommendation of “Hold” by the twenty-one research firms that are presently covering the stock. Twelve investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $144.47.
Several brokerages have weighed in on BXP. Zacks Investment Research raised Boston Properties from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a report on Friday, July 29th. JPMorgan Chase & Co. increased their target price on Boston Properties from $133.00 to $144.00 and gave the stock a “neutral” rating in a research report on Thursday, August 11th. TheStreet downgraded Boston Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. BTIG Research initiated coverage on Boston Properties in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Finally, Jefferies Group dropped their target price on Boston Properties from $141.00 to $138.00 and set a “hold” rating on the stock in a research report on Monday, August 22nd.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Global X Management Co. LLC boosted its position 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 worth $129,000 after buying an additional 524 shares during the period. Euclid Advisors LLC bought a new position in shares of Boston Properties during the second quarter worth about $138,000. Glenmede Trust Co. NA boosted its position 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 worth $155,000 after buying an additional 281 shares during the period. Advisor Partners LLC bought a new position in shares of Boston Properties during the second quarter worth about $202,000. Finally, Carnegie Capital Asset Management LLC bought a new position in shares of Boston Properties during the third quarter worth about $202,000. 95.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Boston Properties (NYSE:BXP) traded up 0.46% during midday trading on Friday, reaching $122.99. The company had a trading volume of 236,989 shares. The company has a market capitalization of $18.91 billion, a PE ratio of 38.31 and a beta of 0.63. The company has a 50 day moving average of $123.21 and a 200 day moving average of $131.73. Boston Properties has a one year low of $107.28 and a one year high of $144.02.
Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by $0.01. Boston Properties had a net margin of 19.83% and a return on equity of 6.54%. The firm had revenue of $625.23 million for the quarter, compared to the consensus estimate of $621.99 million. During the same period last year, the company posted $1.41 earnings per share. Boston Properties’s revenue for the quarter was down .7% on a year-over-year basis. Analysts predict that Boston Properties will post $5.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, September 30th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.12%. Boston Properties’s dividend payout ratio (DPR) is currently 81.00%.