Boston Properties Price Target Cut to $111.00 by Analysts at Jefferies Group (BXP)
Analysts at Jefferies Group lowered their price target on shares of Boston Properties (NYSE:BXP) from $114.00 to $111.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 0.10% from the company’s current price.
A number of other analysts have also recently weighed in on BXP. 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. Separately, 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. Finally, analysts at RBC Capital cut their price target on shares of Boston Properties (NYSE:BXP) from $125.00 to $120.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock.
Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $115.50.
Shares of Boston Properties (NYSE:BXP) traded up 4.91% during mid-day trading on Wednesday, hitting $110.89. The stock had a trading volume of 1,427,090 shares. Boston Properties has a one year low of $98.21 and a one year high of $115.85. The stock’s 50-day moving average is $103.7 and its 200-day moving average is $106.5. The company has a market cap of $16.898 billion and a price-to-earnings ratio of 25.90.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.34%.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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