Boston Properties (NYSE:BXP) Given New $66.00 Price Target at JPMorgan Chase & Co.

Boston Properties (NYSE:BXP) had its price target boosted by JPMorgan Chase & Co. from $62.00 to $66.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. They currently have an underweight rating on the real estate investment trust’s stock.

Other research analysts have also issued research reports about the company. Wells Fargo & Company increased their price objective on Boston Properties from $64.00 to $80.00 and gave the company an overweight rating in a report on Wednesday, August 9th. Morgan Stanley reiterated an equal weight rating and issued a $52.00 target price on shares of Boston Properties in a research note on Wednesday, July 19th. Barclays upped their price target on shares of Boston Properties from $58.00 to $65.00 and gave the company an equal weight rating in a report on Friday, August 25th. Evercore ISI lifted their price objective on Boston Properties from $67.00 to $72.00 and gave the stock an outperform rating in a research note on Wednesday, August 16th. Finally, Truist Financial decreased their target price on Boston Properties from $86.00 to $75.00 in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $72.11.

Boston Properties Stock Up 0.3 %

BXP stock opened at $66.90 on Tuesday. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 1.90. The firm has a market cap of $10.49 billion, a PE ratio of 15.82, a PEG ratio of 5.79 and a beta of 1.13. Boston Properties has a 1 year low of $46.18 and a 1 year high of $87.61. The company has a fifty day simple moving average of $63.76 and a 200 day simple moving average of $57.48.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.86%. Boston Properties’s payout ratio is presently 92.67%.

Institutional Investors Weigh In On Boston Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. MV Capital Management Inc. increased its holdings in Boston Properties by 232.7% during the 1st quarter. MV Capital Management Inc. now owns 509 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 356 shares in the last quarter. Machina Capital S.A.S. bought a new stake in shares of Boston Properties during the first quarter worth $31,000. Eagle Bay Advisors LLC acquired a new stake in shares of Boston Properties in the second quarter valued at $31,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Boston Properties in the fourth quarter valued at $32,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Boston Properties by 39.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 593 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 168 shares during the last quarter. Institutional investors and hedge funds own 94.58% of the company’s stock.

Boston Properties Company Profile

BXP (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets- Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.