Boston Properties (BXP) Given “Hold” Rating at Robert W. Baird
Robert W. Baird reissued their hold rating on shares of Boston Properties (NYSE:BXP) in a report released on Tuesday. The firm currently has a $125.00 price objective on the real estate investment trust’s stock.
Other analysts also recently issued reports about the company. BMO Capital Markets downgraded Boston Properties from an outperform rating to a market perform rating and set a $134.00 price target for the company. in a report on Tuesday. They noted that the move was a valuation call. Jefferies Group reiterated a hold rating and set a $124.00 price target on shares of Boston Properties in a report on Tuesday, October 24th. KeyCorp reiterated a hold rating on shares of Boston Properties in a report on Friday, November 3rd. Argus decreased their price target on Boston Properties to $140.00 and set a buy rating for the company in a report on Thursday, November 16th. Finally, Royal Bank of Canada set a $140.00 price target on Boston Properties and gave the stock a buy rating in a report on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Boston Properties presently has a consensus rating of Hold and a consensus target price of $131.00.
Boston Properties (BXP) traded down $0.75 during midday trading on Tuesday, reaching $124.65. The company had a trading volume of 582,601 shares, compared to its average volume of 872,286. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.92. Boston Properties has a 1-year low of $116.77 and a 1-year high of $140.13. The firm has a market capitalization of $19,350.00, a P/E ratio of 38.83, a price-to-earnings-growth ratio of 3.60 and a beta of 0.63.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th will be paid a $0.80 dividend. The ex-dividend date is Thursday, December 28th. This is an increase from Boston Properties’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.57%. Boston Properties’s dividend payout ratio (DPR) is currently 99.69%.
In other news, insider Bryan J. Koop sold 5,868 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total value of $730,859.40. Following the completion of the sale, the insider now directly owns 585 shares in the company, valued at approximately $72,861.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.86% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of BXP. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Boston Properties by 4.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,292 shares of the real estate investment trust’s stock valued at $405,000 after buying an additional 150 shares during the period. Schroder Investment Management Group grew its stake in shares of Boston Properties by 6.4% in the 2nd quarter. Schroder Investment Management Group now owns 17,157 shares of the real estate investment trust’s stock valued at $2,113,000 after buying an additional 1,025 shares during the period. Tredje AP fonden grew its stake in shares of Boston Properties by 4.0% in the 2nd quarter. Tredje AP fonden now owns 12,035 shares of the real estate investment trust’s stock valued at $1,490,000 after buying an additional 460 shares during the period. Commonwealth Bank of Australia grew its stake in shares of Boston Properties by 6.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,077 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 127 shares during the period. Finally, Eaton Vance Management grew its stake in shares of Boston Properties by 3.4% in the 2nd quarter. Eaton Vance Management now owns 114,269 shares of the real estate investment trust’s stock valued at $14,057,000 after buying an additional 3,760 shares during the period. Institutional investors own 95.22% of the company’s stock.
About Boston Properties
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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