Boston Properties Inc. Plans Quarterly Dividend of $0.65 (BXP)
Boston Properties (NYSE:BXP) announced a quarterly dividend on Wednesday, September 18th, American Banking News reports. Stockholders of record on Monday, September 30th will be paid a dividend of $0.65 per share on Thursday, October 31st. This represents a $2.60 annualized dividend and a dividend yield of 2.34%.
A number of analysts have recently weighed in on BXP shares. Analysts at Jefferies Group cut their price target on shares of Boston Properties (NYSE:BXP) from $114.00 to $111.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. On the ratings front, analysts at Cowen and Company cut their price target on shares of Boston Properties (NYSE:BXP) from $112.00 to $100.00 in a research note to investors on Thursday, September 12th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Boston Properties (NYSE:BXP) in a research note to investors on Friday, September 6th. They now have a $108.00 price target on the stock.
Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $115.50.
Boston Properties (NYSE:BXP) traded up 4.91% during mid-day trading on Wednesday, hitting $110.89. 1,427,090 shares of the company’s stock traded hands. Boston Properties has a 1-year low of $98.21 and a 1-year high of $115.85. The stock has a 50-day moving average of $103.6 and a 200-day moving average of $106.5. The company has a market cap of $16.898 billion and a price-to-earnings ratio of 25.90.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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