Boston Properties, Inc. (BXP) Given Average Recommendation of “Hold” by Brokerages
Shares of Boston Properties, Inc. (NYSE:BXP) have received an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $136.33.
A number of equities research analysts have commented on BXP shares. BidaskClub upgraded Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Evercore ISI restated an “in-line” rating and issued a $133.00 target price (down previously from $138.00) on shares of Boston Properties in a research report on Friday, April 28th. Barclays PLC lifted their target price on Boston Properties from $139.00 to $141.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $127.00 target price on shares of Boston Properties in a research report on Thursday, June 22nd. Finally, TheStreet upgraded Boston Properties from a “c” rating to a “b-” rating in a report on Tuesday, August 1st.
Boston Properties (BXP) opened at 122.75 on Tuesday. The firm has a 50-day moving average price of $122.34 and a 200 day moving average price of $128.10. Boston Properties has a 12 month low of $113.69 and a 12 month high of $144.02. The company has a market cap of $18.89 billion, a P/E ratio of 45.30 and a beta of 0.64.
Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.05. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The company had revenue of $656.90 million for the quarter, compared to the consensus estimate of $645.96 million. During the same quarter in the previous year, the business earned $1.44 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts predict that Boston Properties will post $2.74 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.00 annualized dividend and a yield of 2.44%. Boston Properties’s payout ratio is 102.04%.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC boosted its position in Boston Properties by 12,201.8% in the second quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 13,422 shares during the last quarter. Jane Street Group LLC bought a new position in Boston Properties during the first quarter valued at approximately $200,000. Atria Investments LLC bought a new position in Boston Properties during the first quarter valued at approximately $224,000. Raymond James Trust N.A. bought a new position in Boston Properties during the first quarter valued at approximately $232,000. Finally, Parametrica Management Ltd bought a new position in Boston Properties during the second quarter valued at approximately $252,000. 94.52% of the stock is owned by hedge funds and other institutional investors.
Boston Properties Company Profile
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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