BXP, Inc. (NYSE:BXP) Given Average Recommendation of “Hold” by Brokerages

BXP, Inc. (NYSE:BXPGet Free Report) has been given an average rating of “Hold” by the twenty-one ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $77.75.

A number of research analysts recently commented on BXP shares. Mizuho lowered their price objective on shares of BXP from $82.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. KeyCorp upgraded BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective for the company in a report on Thursday, December 4th. JPMorgan Chase & Co. decreased their target price on BXP from $83.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Citigroup dropped their price target on shares of BXP from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. Finally, Royal Bank Of Canada raised shares of BXP to an “outperform” rating in a research note on Thursday, December 4th.

Read Our Latest Analysis on BXP

Key Stories Impacting BXP

Here are the key news stories impacting BXP this week:

BXP Trading Down 0.5%

NYSE:BXP opened at $64.72 on Monday. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of -50.96, a PEG ratio of 7.65 and a beta of 1.01. The company has a debt-to-equity ratio of 2.21, a quick ratio of 4.50 and a current ratio of 5.36. BXP has a 1 year low of $54.22 and a 1 year high of $79.33. The business has a fifty day moving average of $68.57 and a 200-day moving average of $70.28.

BXP Dividend Announcement

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

Insider Buying and Selling

In related news, EVP John J. Stroman sold 16,838 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $72.17, for a total value of $1,215,198.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter V. Otteni sold 4,136 shares of BXP stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $72.65, for a total transaction of $300,480.40. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 70,710 shares of company stock worth $5,107,771. Company insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On BXP

Institutional investors and hedge funds have recently bought and sold shares of the business. Loomis Sayles & Co. L P acquired a new position in BXP during the second quarter valued at approximately $25,000. Muzinich & Co. Inc. acquired a new stake in shares of BXP in the third quarter worth $27,000. Princeton Global Asset Management LLC raised its holdings in BXP by 892.5% in the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 357 shares during the period. MUFG Securities EMEA plc acquired a new position in BXP during the 2nd quarter worth $29,000. Finally, REAP Financial Group LLC boosted its holdings in BXP by 193.2% during the second quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 311 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.

About BXP

(Get Free Report)

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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