Shares of Boston Properties, Inc. (NYSE:BXP) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $132.91.

A number of research analysts have commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $121.00 target price on shares of Boston Properties in a research report on Friday, July 14th. BidaskClub cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Royal Bank Of Canada reissued a “buy” rating and set a $150.00 price target on shares of Boston Properties in a research report on Wednesday, July 5th. TheStreet raised shares of Boston Properties from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th.

Several hedge funds have recently added to or reduced their stakes in the stock. APG Asset Management N.V. increased its stake in shares of Boston Properties by 9.7% during the third quarter. APG Asset Management N.V. now owns 1,057,837 shares of the real estate investment trust’s stock worth $129,987,000 after buying an additional 93,961 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Boston Properties by 1.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 85,642 shares of the real estate investment trust’s stock worth $10,524,000 after buying an additional 1,033 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Boston Properties by 3.1% during the third quarter. Mutual of America Capital Management LLC now owns 21,323 shares of the real estate investment trust’s stock worth $2,620,000 after buying an additional 641 shares during the period. PGGM Investments increased its stake in shares of Boston Properties by 15.7% during the third quarter. PGGM Investments now owns 2,215,458 shares of the real estate investment trust’s stock worth $272,235,000 after buying an additional 301,163 shares during the period. Finally, Shell Asset Management Co. increased its stake in shares of Boston Properties by 113.2% during the third quarter. Shell Asset Management Co. now owns 29,132 shares of the real estate investment trust’s stock worth $3,372,000 after buying an additional 15,471 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Boston Properties (NYSE:BXP) opened at 122.93 on Friday. Boston Properties has a 1-year low of $113.69 and a 1-year high of $140.13. The stock has a market cap of $18.97 billion, a P/E ratio of 41.67 and a beta of 0.65. The company has a 50-day moving average of $123.41 and a 200 day moving average of $123.93.

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 net margin of 18.18% and a return on equity of 5.98%. The company had revenue of $656.90 million for the quarter, compared to analysts’ expectations of $645.96 million. During the same quarter in the prior year, the company posted $1.44 earnings per share. Boston Properties’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts predict that Boston Properties will post $2.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.44%. Boston Properties’s payout ratio is 102.04%.

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About Boston Properties

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.

Analyst Recommendations for Boston Properties (NYSE:BXP)

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