Boston Properties Given Average Rating of “Buy” by Analysts (NYSE:BXP)
Boston Properties (NYSE:BXP) has earned a consensus recommendation of “Buy” from the sixteen ratings firms that are currently covering the stock, ARN reports. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $111.14.
A number of analysts have recently weighed in on BXP shares. Analysts at Zacks reiterated a “neutral” rating on shares of Boston Properties in a research note on Thursday, June 12th. They now have a $123.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Boston Properties from $118.00 to $119.00 in a research note on Friday, May 30th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Boston Properties in a research note on Friday, May 16th. They now have a $120.00 price target on the stock, down previously from $121.00.
Boston Properties (NYSE:BXP) opened at 120.37 on Friday. Boston Properties has a one year low of $98.04 and a one year high of $122.40. The stock has a 50-day moving average of $118.6 and a 200-day moving average of $113.6. The company has a market cap of $18.421 billion and a P/E ratio of 24.43.
Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, April 29th. The company reported $1.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.24 by $0.04. On average, analysts predict that Boston Properties will post $5.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, June 26th.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.