Boston Properties, Inc. (NYSE:BXP) Upgraded at TheStreet

TheStreet upgraded shares of Boston Properties, Inc. (NYSE:BXP) from a c rating to a b- rating in a research note issued to investors on Tuesday.

BXP has been the topic of a number of other research reports. Evercore ISI restated an in-line rating and issued a $133.00 target price (down previously from $138.00) on shares of Boston Properties in a research report on Friday, April 28th. Barclays PLC cut their target price on shares of Boston Properties from $141.00 to $137.00 and set an overweight rating on the stock in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a $127.00 target price on shares of Boston Properties in a research report on Thursday, June 22nd. Zacks Investment Research lowered shares of Boston Properties from a hold rating to a sell rating in a research report on Tuesday, July 18th. Finally, BidaskClub upgraded shares of Boston Properties from a sell rating to a hold rating in a research report on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Boston Properties currently has a consensus rating of Hold and a consensus target price of $137.92.

Boston Properties (NYSE:BXP) opened at 123.71 on Tuesday. The firm has a market capitalization of $19.03 billion, a P/E ratio of 40.56 and a beta of 0.64. Boston Properties has a one year low of $113.69 and a one year high of $144.02. The stock has a 50 day moving average price of $122.34 and a 200 day moving average price of $128.10.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. Boston Properties had a net margin of 18.18% and a return on equity of 6.02%. The firm had revenue of $656.90 million for the quarter, compared to analyst estimates of $645.96 million. During the same quarter last year, the business posted $1.44 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities analysts predict that Boston Properties will post $2.73 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were issued a dividend of $0.75 per share. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.43%. Boston Properties’s dividend payout ratio (DPR) is presently 102.04%.

Several institutional investors have recently modified their holdings of BXP. Toronto Dominion Bank raised its position in shares of Boston Properties by 56.6% in the first quarter. Toronto Dominion Bank now owns 41,515 shares of the real estate investment trust’s stock worth $5,496,000 after buying an additional 14,998 shares during the period. Vanguard Group Inc. increased its position in shares of Boston Properties by 1.8% in the first quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock worth $2,939,641,000 after buying an additional 398,674 shares in the last quarter. Credit Suisse AG increased its position in shares of Boston Properties by 7.4% in the first quarter. Credit Suisse AG now owns 698,737 shares of the real estate investment trust’s stock worth $92,519,000 after buying an additional 48,354 shares in the last quarter. World Asset Management Inc increased its position in shares of Boston Properties by 10.5% in the first quarter. World Asset Management Inc now owns 18,086 shares of the real estate investment trust’s stock worth $2,395,000 after buying an additional 1,725 shares in the last quarter. Finally, Bank of Nova Scotia increased its position in shares of Boston Properties by 917.9% in the first quarter. Bank of Nova Scotia now owns 35,127 shares of the real estate investment trust’s stock worth $4,651,000 after buying an additional 31,676 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

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.