Boston Properties, Inc. (NYSE:BXP) Given Consensus Rating of “Hold” by Analysts
Shares of Boston Properties, Inc. (NYSE:BXP – Get Free Report) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating […] Boston Properties, Inc. (NYSE:BXP) has been given a consensus rating of “Hold” by 17 brokerages, according to Marketbeat Ratings. One analyst has rated the stock with a sell rating, while eleven have given a hold rating and five have issued a buy rating. The average 1-year price objective among analysts is $69.47. Boston Properties (BXP), the largest publicly traded developer in the United States, reported a Q4 earnings loss of $0.51 and a net margin of 5.81%. The company also disclosed a quarterly dividend of $3.92.
نشرت : قبل 10 شهور بواسطة Defense World Staff في Finance
Shares of Boston Properties, Inc. (NYSE:BXP – Get Free Report) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $69.47.
Several equities analysts recently commented on BXP shares. StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Tuesday. Wedbush reduced their price target on Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. BMO Capital Markets decreased their price objective on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Evercore ISI reduced their price target on Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Finally, Barclays decreased their target price on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th.
Check Out Our Latest Stock Analysis on BXP
Boston Properties (NYSE:BXP – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.22). The company had revenue of $839.44 million during the quarter, compared to the consensus estimate of $808.68 million. Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.73 EPS. Equities research analysts anticipate that Boston Properties will post 7.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a $0.98 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.92 annualized dividend and a yield of 6.71%. Boston Properties’s dividend payout ratio is currently 321.31%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Manchester Capital Management LLC lifted its holdings in shares of Boston Properties by 435.9% during the 4th quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 340 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Boston Properties during the 4th quarter worth about $29,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Boston Properties in the 4th quarter valued at about $34,000. Sound Income Strategies LLC boosted its position in shares of Boston Properties by 770.9% in the 4th quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 424 shares during the period. Finally, Cambridge Trust Co. grew its holdings in shares of Boston Properties by 80.1% during the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 250 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.
• Five stocks we like better than Boston Properties
• What is a Liquidity Trap? Here’s What You Should Know
Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.
المواضيع: Markets