BXP’s (BXP) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of BXP (NYSE:BXPFree Report) in a research note issued to investors on Thursday morning, MarketBeat.com reports. The brokerage currently has a $79.00 target price on the real estate investment trust’s stock.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. reduced their target price on BXP from $83.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Evercore ISI decreased their price target on shares of BXP from $76.00 to $73.00 and set an “in-line” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $70.00 price objective on shares of BXP in a report on Tuesday, January 6th. Royal Bank Of Canada raised shares of BXP to an “outperform” rating in a research note on Thursday, December 4th. Finally, New Street Research set a $85.00 price target on BXP in a report on Monday, October 13th. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $77.75.

View Our Latest Analysis on BXP

BXP Stock Performance

Shares of BXP stock opened at $64.72 on Thursday. The stock has a market cap of $10.26 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 7.69 and a beta of 1.01. The stock has a 50-day moving average of $68.57 and a 200-day moving average of $70.28. The company has a debt-to-equity ratio of 2.21, a current ratio of 5.36 and a quick ratio of 4.50. BXP has a one year low of $54.22 and a one year high of $79.33.

BXP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP’s dividend payout ratio is 160.92%.

Insider Activity

In other BXP news, EVP Peter V. Otteni sold 4,136 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $72.65, for a total value of $300,480.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Michael E. Labelle sold 13,422 shares of BXP stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $72.34, for a total transaction of $970,947.48. Following the completion of the transaction, the chief financial officer directly owned 9,223 shares in the company, valued at $667,191.82. This trade represents a 59.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 70,710 shares of company stock valued at $5,107,771. Corporate insiders own 1.49% of the company’s stock.

Institutional Trading of BXP

A number of hedge funds have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P acquired a new stake in shares of BXP during the second quarter valued at about $25,000. Muzinich & Co. Inc. bought a new stake in shares of BXP during the 3rd quarter valued at about $27,000. Princeton Global Asset Management LLC boosted its holdings in shares of BXP by 892.5% during the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 357 shares in the last quarter. MUFG Securities EMEA plc bought a new position in BXP during the second quarter worth $29,000. Finally, REAP Financial Group LLC boosted its position in shares of BXP by 193.2% during the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 311 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

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About BXP

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Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.

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Analyst Recommendations for BXP (NYSE:BXP)

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