BXP, Inc. (NYSE:BXP) Given Average Rating of “Hold” by Brokerages

Shares of BXP, Inc. (NYSE:BXP) have earned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $75.45.

Several equities analysts have issued reports on the company. Wells Fargo & Company cut their target price on BXP from $77.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Mizuho cut shares of BXP from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $79.00 to $62.00 in a report on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of BXP from $83.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. KeyCorp upgraded shares of BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 target price for the company in a research note on Thursday, December 4th. Finally, Citigroup reduced their price target on BXP from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd.

BXP Stock Up 1.5%

BXP stock opened at $61.20 on Friday. The company has a quick ratio of 4.50, a current ratio of 5.36 and a debt-to-equity ratio of 2.21. The firm has a market cap of $9.70 billion, a P/E ratio of 35.17, a P/E/G ratio of 2.57 and a beta of 1.01. The business has a fifty day moving average of $65.19 and a two-hundred day moving average of $69.46. BXP has a twelve month low of $54.22 and a twelve month high of $79.33.

BXP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, December 31st were paid a $0.70 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a yield of 4.6%. BXP’s dividend payout ratio (DPR) is 160.92%.

Insider Buying and Selling at BXP

In other news, EVP Hilary J. Spann sold 1,194 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $63.31, for a total value of $75,592.14. Following the transaction, the executive vice president directly owned 17,832 shares of the company’s stock, valued at approximately $1,128,943.92. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Raymond A. Ritchey sold 36,314 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $72.18, for a total value of $2,621,144.52. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 38,706 shares of company stock worth $2,770,078. 1.49% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BXP

Several large investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new stake in BXP during the second quarter valued at $25,000. Elyxium Wealth LLC acquired a new stake in shares of BXP during the 4th quarter valued at about $25,000. Muzinich & Co. Inc. purchased a new position in shares of BXP in the 3rd quarter valued at about $27,000. Princeton Global Asset Management LLC raised its holdings in BXP by 892.5% in the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 357 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in BXP during the second quarter worth approximately $29,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

BXP Company Profile

Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.