Boston Properties, Inc. (NYSE:BXP) Receives Consensus Rating of “Hold” from Brokerages

Boston Properties, Inc. (NYSE:BXP) has received a consensus rating of “Hold” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $67.67.

Several brokerages have recently issued reports on BXP. Barclays upped their target price on shares of Boston Properties from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, August 25th. The Goldman Sachs Group upped their price objective on Boston Properties from $56.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, August 11th. Wedbush assumed coverage on Boston Properties in a research report on Tuesday, October 3rd. They set a “neutral” rating and a $62.00 price objective for the company. Evercore ISI cut their price target on Boston Properties from $72.00 to $68.00 in a report on Monday, October 9th. Finally, Mizuho cut their price target on Boston Properties from $85.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, October 18th.

Insider Buying and Selling at Boston Properties

In related news, EVP Raymond A. Ritchey sold 65,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $67.11, for a total transaction of $4,362,150.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Boston Properties news, EVP Raymond A. Ritchey sold 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $67.11, for a total transaction of $4,362,150.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Eric G. Kevorkian sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $66.43, for a total transaction of $66,430.00. Following the sale, the senior vice president now directly owns 994 shares in the company, valued at $66,031.42. The disclosure for this sale can be found here. Corporate insiders own 1.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BXP. MV Capital Management Inc. raised its holdings in shares of Boston Properties by 232.7% in the 1st quarter. MV Capital Management Inc. now owns 509 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 356 shares during the period. Machina Capital S.A.S. bought a new stake in shares of Boston Properties in the 1st quarter worth approximately $31,000. Eagle Bay Advisors LLC bought a new stake in Boston Properties during the 2nd quarter valued at $31,000. Massmutual Trust Co. FSB ADV raised its holdings in Boston Properties by 39.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 593 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 168 shares during the period. Finally, Quarry LP raised its holdings in Boston Properties by 170.4% during the 1st quarter. Quarry LP now owns 676 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 426 shares during the period. Institutional investors and hedge funds own 94.58% of the company’s stock.

Boston Properties Stock Performance

BXP stock opened at $53.32 on Tuesday. Boston Properties has a 12-month low of $46.18 and a 12-month high of $79.42. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 1.90. The business has a 50 day moving average of $60.26 and a 200-day moving average of $57.83. The firm has a market cap of $8.36 billion, a PE ratio of 12.61, a P/E/G ratio of 4.54 and a beta of 1.14.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.92 annualized dividend and a yield of 7.35%. Boston Properties’s dividend payout ratio (DPR) is presently 92.67%.

About Boston Properties

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.