Boston Properties Receives Average Rating of “Buy” from Analysts (NYSE:BXP)
Shares of Boston Properties (NYSE:BXP) have received an average rating of “Buy” from the fourteen ratings firms that are presently covering the stock, AmericanBankingNews.com reports. Four analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $105.72.
Shares of Boston Properties (NYSE:BXP) traded up 0.40% during mid-day trading on Monday, hitting $117.90. The stock had a trading volume of 67,876 shares. Boston Properties has a one year low of $98.04 and a one year high of $117.55. The stock’s 50-day moving average is $113.7 and its 200-day moving average is $107.. The company has a market cap of $18.039 billion and a P/E ratio of 24.16.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $1.15. The company had revenue of $576.20 million for the quarter, compared to the consensus estimate of $66.12 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. On average, analysts predict that Boston Properties will post $5.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Thursday, March 27th.
BXP has been the subject of a number of recent research reports. Analysts at Cowen and Company upgraded shares of Boston Properties from a “market perform” rating to an “outperform” rating in a research note on Monday. They now have a $132.50 price target on the stock, up previously from $100.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Boston Properties in a research note on Wednesday, March 12th. They now have a $119.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Boston Properties from $113.00 to $119.00 in a research note on Monday, March 10th. They now have a “buy” rating on the stock.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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