The Brokerages Set Boston Properties Inc. (BXP) Target Price at $144.47

The Brokerages Set Boston Properties Inc. (BXP) Target Price at $144.47

Shares of Boston Properties Inc. (NYSE:BXP) have received an average recommendation of “Hold” from the twenty-one research firms that are presently covering the firm. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $144.47.

A number of research firms have recently weighed in on BXP. RBC Capital Markets restated an “outperform” rating and issued a $150.00 target price (down previously from $155.00) on shares of Boston Properties in a report on Thursday, October 27th. Royal Bank Of Canada dropped their target price on Boston Properties from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, October 27th. Stifel Nicolaus lowered Boston Properties from a “buy” rating to a “hold” rating and dropped their price target for the stock from $140.00 to $120.00 in a report on Thursday, October 27th. They noted that the move was a valuation call. TheStreet lowered Boston Properties from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. Finally, Bank of America Corp. lowered Boston Properties from a “buy” rating to a “neutral” rating and set a $148.00 price target on the stock. in a report on Friday, October 14th.

A number of large investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan raised its stake in Boston Properties by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,860 shares of the company’s stock valued at $662,000 after buying an additional 20 shares in the last quarter. Private Vista LLC raised its stake in shares of Boston Properties by 1.0% in the third quarter. Private Vista LLC now owns 3,014 shares of the company’s stock valued at $345,000 after buying an additional 29 shares during the period. West Oak Capital LLC raised its stake in shares of Boston Properties by 1.6% in the second quarter. West Oak Capital LLC now owns 1,850 shares of the company’s stock valued at $244,000 after buying an additional 30 shares during the period. Eqis Capital Management Inc. raised its stake in shares of Boston Properties by 0.8% in the second quarter. Eqis Capital Management Inc. now owns 3,964 shares of the company’s stock valued at $523,000 after buying an additional 32 shares during the period. Finally, Bartlett & Co. LLC raised its stake in shares of Boston Properties by 0.4% in the second quarter. Bartlett & Co. LLC now owns 10,180 shares of the company’s stock valued at $1,343,000 after buying an additional 42 shares during the period. 95.49% of the stock is owned by institutional investors.

Shares of Boston Properties (NYSE:BXP) opened at 122.99 on Friday. The stock’s 50 day moving average price is $122.89 and its 200-day moving average price is $131.67. The company has a market capitalization of $18.91 billion, a P/E ratio of 38.31 and a beta of 0.63. Boston Properties has a 52-week low of $107.28 and a 52-week high of $144.02.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, October 25th. The company reported $1.42 earnings per share for the quarter, missing the Zacks’ 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 company earned $625.23 million during the quarter, compared to the consensus estimate of $621.99 million. During the same quarter in the prior year, the business earned $1.41 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts expect that Boston Properties will post $5.98 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Wednesday, September 28th. Boston Properties’s dividend payout ratio is 81.00%.

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