Boston Properties, Inc. (NYSE:BXP) Receives $135.77 Average Target Price from Brokerages
Shares of Boston Properties, Inc. (NYSE:BXP) have been assigned an average rating of “Hold” from the sixteen brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $135.77.
BXP has been the topic of a number of analyst reports. Deutsche Bank decreased their price objective on Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Zacks Investment Research lowered GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Morgan Stanley initiated coverage on in a research note on Monday, June 17th. They set an “equal weight” rating and a GBX 215 ($2.81) price objective on the stock. Evercore ISI initiated coverage on Ascendis Pharma A/S in a research note on Monday, March 25th. They set an “outperform” rating on the stock. Finally, ValuEngine raised Yara International ASA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th.
Shares of BXP stock traded down $0.68 during mid-day trading on Tuesday, reaching $131.42. The stock had a trading volume of 433,700 shares, compared to its average volume of 697,384. Boston Properties has a 12-month low of $107.84 and a 12-month high of $140.35. The firm has a market capitalization of $20.44 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.98 and a beta of 0.86. The firm’s 50-day moving average is $133.08. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.78 and a current ratio of 3.78.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, June 27th. Boston Properties’s payout ratio is 60.32%.
In other Boston Properties news, insider Bryan J. Koop sold 5,616 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $133.95, for a total value of $752,263.20. Following the sale, the insider now directly owns 10,175 shares of the company’s stock, valued at approximately $1,362,941.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bryan J. Koop sold 4,121 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $134.40, for a total value of $553,862.40. Following the completion of the sale, the insider now directly owns 585 shares in the company, valued at $78,624. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the business. Rational Advisors LLC raised its holdings in shares of Boston Properties by 66.4% in the 1st quarter. Rational Advisors LLC now owns 203 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 81 shares during the period. JOYN Advisors Inc. raised its holdings in shares of Boston Properties by 63.3% in the 4th quarter. JOYN Advisors Inc. now owns 276 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 107 shares during the period. Shine Investment Advisory Services Inc. raised its holdings in shares of Boston Properties by 58.7% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 246 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 91 shares during the period. Kaizen Advisory LLC raised its holdings in shares of Boston Properties by 21.5% in the 4th quarter. Kaizen Advisory LLC now owns 435 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 77 shares during the period. Finally, Focused Wealth Management Inc purchased a new position in shares of Boston Properties in the 1st quarter worth about $67,000. 90.55% of the stock is currently owned by hedge funds and other institutional investors.
Boston Properties Company Profile
Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.
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