Jefferies Group LLC reaffirmed their hold rating on shares of Boston Properties, Inc. (NYSE:BXP) in a report released on Friday morning. The brokerage currently has a $121.00 target price on the real estate investment trust’s stock.
A number of other equities analysts have also commented on BXP. Royal Bank Of Canada reiterated a buy rating and set a $150.00 price target on shares of Boston Properties in a report on Wednesday, July 5th. BidaskClub lowered shares of Boston Properties from a hold rating to a sell rating in a report on Saturday, July 8th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a $127.00 price target on shares of Boston Properties in a report on Thursday, June 22nd. Evercore ISI reiterated an in-line rating and set a $133.00 price target (down previously from $138.00) on shares of Boston Properties in a report on Friday, April 28th. Finally, Barclays PLC lifted their price target on shares of Boston Properties from $139.00 to $141.00 and gave the stock an overweight rating in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $138.59.
Boston Properties (NYSE:BXP) traded down 1.99% on Friday, reaching $119.14. The company’s stock had a trading volume of 832,129 shares. The firm’s 50 day moving average is $123.14 and its 200-day moving average is $129.11. Boston Properties has a 12 month low of $113.69 and a 12 month high of $144.02. The firm has a market cap of $18.33 billion, a P/E ratio of 43.96 and a beta of 0.65.
Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by $0.02. The business had revenue of $632.23 million for the quarter, compared to analyst estimates of $637.34 million. Boston Properties had a return on equity of 5.54% and a net margin of 16.94%. Boston Properties’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. On average, equities research analysts anticipate that Boston Properties will post $2.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, June 28th. Boston Properties’s payout ratio is presently 111.11%.
Several large investors have recently bought and sold shares of BXP. Spirit of America Management Corp NY increased its stake in Boston Properties by 6.1% in the second quarter. Spirit of America Management Corp NY now owns 24,250 shares of the real estate investment trust’s stock valued at $2,983,000 after buying an additional 1,400 shares during the last quarter. LS Investment Advisors LLC increased its stake in Boston Properties by 3.8% in the second quarter. LS Investment Advisors LLC now owns 4,974 shares of the real estate investment trust’s stock valued at $612,000 after buying an additional 180 shares during the last quarter. Eqis Capital Management Inc. increased its stake in Boston Properties by 4.5% in the second quarter. Eqis Capital Management Inc. now owns 7,411 shares of the real estate investment trust’s stock valued at $912,000 after buying an additional 319 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Boston Properties by 509.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 24,981 shares of the real estate investment trust’s stock valued at $3,073,000 after buying an additional 20,880 shares during the last quarter. Finally, National Pension Service increased its stake in Boston Properties by 10.3% in the second quarter. National Pension Service now owns 147,429 shares of the real estate investment trust’s stock valued at $18,160,000 after buying an additional 13,730 shares during the last quarter. 94.43% of the stock is owned by 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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