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 ra Boston Properties, Inc. (NYSE:BXP) has been given a consensus rating of "Hold" by 17 brokerages. 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), which reported $0.51 earnings for the quarter, missed analysts' consensus estimates of $1.73 by ($1.22). The company also recently disclosed a quarterly dividend of $00.98.

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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

Shares of Boston Properties stock opened at $58.41 on Wednesday. The stock has a fifty day moving average price of $60.93 and a 200-day moving average price of $64.34. The company has a debt-to-equity ratio of 1.91, a current ratio of 4.77 and a quick ratio of 4.77. The firm has a market cap of $9.17 billion, a PE ratio of 47.88, a P/E/G ratio of 0.41 and a beta of 1.15. Boston Properties has a 1 year low of $50.64 and a 1 year high of $73.97.

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.

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