Boston Properties, Inc. (BXP) Earns “Hold” Rating from KeyCorp
Several other equities analysts have also recently issued reports on BXP. TheStreet upgraded Boston Properties from a c rating to a b- rating in a research note on Tuesday, August 1st. Mizuho reaffirmed a hold rating and issued a $122.00 target price on shares of Boston Properties in a research report on Friday. Royal Bank Of Canada lowered Boston Properties from a top pick rating to an outperform rating and dropped their target price for the stock from $150.00 to $140.00 in a research report on Thursday, August 17th. BidaskClub lowered Boston Properties from a hold rating to a sell rating in a research report on Monday, July 24th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $124.00 target price on shares of Boston Properties in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Boston Properties presently has an average rating of Hold and an average price target of $133.36.
Boston Properties (BXP) opened at $120.68 on Friday. Boston Properties has a one year low of $113.76 and a one year high of $140.13. The stock has a market capitalization of $18,623.62, a price-to-earnings ratio of 19.28, a P/E/G ratio of 3.50 and a beta of 0.63. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.43 and a current ratio of 0.44.
Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The firm had revenue of $657.70 million for the quarter, compared to analysts’ expectations of $649.84 million. During the same period last year, the business posted $1.42 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. analysts predict that Boston Properties will post 6.24 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, September 28th. Boston Properties’s dividend payout ratio (DPR) is 93.75%.
Institutional investors and hedge funds have recently modified their holdings of the company. BT Investment Management Ltd acquired a new position in shares of Boston Properties during the second quarter valued at $8,518,000. AXA increased its holdings in shares of Boston Properties by 22.9% during the second quarter. AXA now owns 161,393 shares of the real estate investment trust’s stock valued at $19,855,000 after purchasing an additional 30,104 shares during the period. Eii Capital Management Inc. increased its holdings in shares of Boston Properties by 59.7% during the second quarter. Eii Capital Management Inc. now owns 31,000 shares of the real estate investment trust’s stock valued at $3,814,000 after purchasing an additional 11,590 shares during the period. Teachers Advisors LLC increased its holdings in shares of Boston Properties by 5.4% during the second quarter. Teachers Advisors LLC now owns 1,251,924 shares of the real estate investment trust’s stock valued at $154,012,000 after purchasing an additional 64,326 shares during the period. Finally, Citigroup Inc. increased its holdings in shares of Boston Properties by 31.6% during the second quarter. Citigroup Inc. now owns 184,025 shares of the real estate investment trust’s stock valued at $22,638,000 after purchasing an additional 44,199 shares during the period. 94.82% of the stock is currently owned by institutional investors.
Boston Properties Company Profile
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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