Boston Properties, Inc. (BXP) Received Average Rating of “Purchase” from Analysts

Boston Properties, Inc. (BXP) Received Average Rating of “Purchase” from Analysts

Boston Properties, Inc. (NYSE:BXP) has been given a consensus rating of “Buy” by the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $136.46.

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of Boston Properties from $118.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Monday, December 17th. Zacks Investment Research lowered shares of Boston Properties from a “buy” rating to a “hold” rating in a research report on Monday, December 10th. Robert W. Baird upgraded shares of Boston Properties from a “neutral” rating to an “outperform” rating and set a $142.00 price target for the company in a research report on Tuesday, January 8th. DA Davidson upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and upped their price target for the stock from $135.00 to $145.00 in a research report on Monday, November 19th. Finally, BTIG Research upped their price target on shares of Boston Properties to $145.00 and gave the stock a “buy” rating in a research report on Thursday, January 31st.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Highstreet Asset Management Inc. acquired a new stake in Boston Properties in the 4th quarter valued at about $792,000. Massachusetts Financial Services Co. MA lifted its holdings in Boston Properties by 3.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 442,056 shares of the real estate investment trust’s stock valued at $49,753,000 after acquiring an additional 13,166 shares during the last quarter. BlackRock Inc. lifted its holdings in Boston Properties by 1.7% in the 4th quarter. BlackRock Inc. now owns 16,120,682 shares of the real estate investment trust’s stock valued at $1,814,382,000 after acquiring an additional 274,895 shares during the last quarter. Utah Retirement Systems lifted its holdings in Boston Properties by 0.8% in the 4th quarter. Utah Retirement Systems now owns 39,650 shares of the real estate investment trust’s stock valued at $4,462,000 after acquiring an additional 300 shares during the last quarter. Finally, Trillium Asset Management LLC lifted its holdings in Boston Properties by 13.1% in the 4th quarter. Trillium Asset Management LLC now owns 46,887 shares of the real estate investment trust’s stock valued at $5,277,000 after acquiring an additional 5,414 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

Boston Properties stock opened at $132.40 on Friday. The stock has a market cap of $20.32 billion, a PE ratio of 21.02, a PEG ratio of 3.04 and a beta of 0.94. The company has a debt-to-equity ratio of 1.36, a current ratio of 3.74 and a quick ratio of 3.74. Boston Properties has a one year low of $107.84 and a one year high of $132.82.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 30th. Investors of record on Monday, December 31st were issued a $0.95 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $3.80 annualized dividend and a yield of 2.87%. This is an increase from Boston Properties’s previous quarterly dividend of $0.80. Boston Properties’s dividend payout ratio is presently 60.32%.

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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