Boston Properties Rating Lowered to Neutral at Merrill Lynch (BXP)
Boston Properties (NYSE:BXP) was downgraded by equities research analysts at Merrill Lynch from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, AnalystRatings.NET reports.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. downgraded shares of Boston Properties from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $118.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Boston Properties from $114.00 to $111.00 in a research note to investors on Wednesday, September 18th. They now have a “hold” rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Boston Properties from $112.00 to $100.00 in a research note to investors on Thursday, September 12th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $115.67.
Shares of Boston Properties (NYSE:BXP) traded down 1.89% during mid-day trading on Tuesday, hitting $103.55. The stock had a trading volume of 1,316,596 shares. 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 $105.3 and a 200-day moving average of $106.9. The company has a market cap of $15.780 billion and a P/E ratio of 25.86.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders 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 2.51%. The ex-dividend date is Thursday, September 26th.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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