Boston Properties, Inc. (NYSE:BXP) Given Average Recommendation of “Moderate Buy” by Brokerages

Boston Properties, Inc. (NYSE:BXPGet Rating) has received an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $130.40.

A number of research firms have issued reports on BXP. Credit Suisse Group started coverage on Boston Properties in a research note on Wednesday. They issued an “outperform” rating for the company. StockNews.com started coverage on Boston Properties in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of Boston Properties from $131.00 to $139.00 and gave the stock a “buy” rating in a report on Thursday, April 14th. Mizuho raised shares of Boston Properties from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $120.00 to $135.00 in a research report on Thursday, April 21st. Finally, The Goldman Sachs Group dropped their price objective on shares of Boston Properties from $120.00 to $112.00 and set a “sell” rating on the stock in a report on Wednesday, May 25th.

Shares of BXP stock opened at $89.10 on Friday. The stock has a market cap of $13.96 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The stock has a 50-day moving average of $110.42 and a 200-day moving average of $116.83. The company has a debt-to-equity ratio of 1.65, a current ratio of 4.73 and a quick ratio of 4.73. Boston Properties has a one year low of $88.02 and a one year high of $133.11.

Boston Properties (NYSE:BXPGet Rating) last issued its earnings results on Monday, May 2nd. The real estate investment trust reported $0.91 EPS for the quarter, beating the consensus estimate of $0.67 by $0.24. Boston Properties had a net margin of 18.69% and a return on equity of 6.80%. During the same period in the prior year, the firm earned $1.56 earnings per share. As a group, research analysts anticipate that Boston Properties will post 7.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Thursday, June 30th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Wednesday, June 29th. Boston Properties’s payout ratio is 112.32%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC grew its stake in Boston Properties by 3.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 2,779 shares of the real estate investment trust’s stock valued at $320,000 after purchasing an additional 89 shares in the last quarter. Kinneret Advisory LLC increased its holdings in Boston Properties by 2.3% during the first quarter. Kinneret Advisory LLC now owns 4,043 shares of the real estate investment trust’s stock worth $525,000 after buying an additional 90 shares during the last quarter. Harbor Investment Advisory LLC raised its position in Boston Properties by 7.2% during the first quarter. Harbor Investment Advisory LLC now owns 1,481 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 99 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Boston Properties by 1.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the real estate investment trust’s stock valued at $1,025,000 after acquiring an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System grew its position in shares of Boston Properties by 0.3% in the 4th quarter. State of Michigan Retirement System now owns 35,751 shares of the real estate investment trust’s stock valued at $4,118,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 98.02% of the company’s stock.

Boston Properties Company Profile (Get Rating)

Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner 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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Analyst Recommendations for Boston Properties (NYSE:BXP)

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