Boston Properties, Inc. (NYSE:BXP – Get Rating) has been given an average rating of "Hold" by the eighteen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $85.79.
A number of brokerages have recently issued reports on BXP. StockNews.com began coverage on Boston Properties in a report on Wednesday, October 12th. They set a "hold" rating for the company. Truist Financial reduced their price target on Boston Properties from $85.00 to $82.00 and set a "hold" rating on the stock in a research report on Tuesday, January 17th. Credit Suisse Group lowered Boston Properties from an "outperform" rating to a "neutral" rating and set a $71.82 price target on the stock. in a research report on Thursday, October 20th. BTIG Research lowered Boston Properties from a "buy" rating to a "neutral" rating in a research report on Wednesday, October 19th. Finally, Morgan Stanley reduced their price target on Boston Properties from $78.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 23rd.
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Boston Properties Stock Up 5.2 %
Shares of NYSE:BXP opened at $73.70 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 4.08 and a current ratio of 4.08. Boston Properties has a 1 year low of $64.03 and a 1 year high of $133.11. The stock has a market capitalization of $11.55 billion, a P/E ratio of 12.71 and a beta of 1.02. The stock has a 50-day simple moving average of $68.94 and a 200-day simple moving average of $76.22.
Boston Properties Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Friday, December 30th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Thursday, December 29th. Boston Properties's dividend payout ratio is currently 67.59%.
Institutional Investors Weigh In On Boston Properties
Several institutional investors and hedge funds have recently made changes to their positions in the company. Kinneret Advisory LLC grew its stake in Boston Properties by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 4,043 shares of the real estate investment trust's stock worth $525,000 after buying an additional 90 shares during the last quarter. United Capital Financial Advisers LLC grew its stake in Boston Properties by 1.5% during the 2nd quarter. United Capital Financial Advisers LLC now owns 8,041 shares of the real estate investment trust's stock worth $716,000 after buying an additional 121 shares during the last quarter. Toroso Investments LLC grew its stake in Boston Properties by 6.7% during the 1st quarter. Toroso Investments LLC now owns 1,915 shares of the real estate investment trust's stock worth $247,000 after buying an additional 121 shares during the last quarter. Yousif Capital Management LLC grew its stake in Boston Properties by 0.4% during the 1st quarter. Yousif Capital Management LLC now owns 28,520 shares of the real estate investment trust's stock worth $3,673,000 after buying an additional 125 shares during the last quarter. Finally, Zions Bancorporation N.A. grew its stake in Boston Properties by 13.3% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,193 shares of the real estate investment trust's stock worth $106,000 after buying an additional 140 shares during the last quarter. 88.62% of the stock is owned by institutional investors and hedge funds.
About Boston Properties
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Boston Properties, Inc operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H.
Further Reading
- Get a free copy of the StockNews.com research report on Boston Properties (BXP)
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