Boston Properties (NYSE:BXP) Upgraded to Hold at StockNews
StockNews upgraded shares of Boston Properties (NYSE:BXP – Free Report) from a sell rating to a hold rating in a report published on Tuesday morning. Other research analysts have also recently issued research reports about the stock. Evercore ISI reduced their target price on shares of Boston Properties from $73.00 to $69.00 and set an […] Boston Properties (NYSE:BXP) has been upgraded to a hold rating by StockNews.com. The company's target price was reduced from $73.00 to $69.00 and Evercore ISI set an outperform rating for the company in a report on Monday, May 6th. BMO Capital Markets dropped their price target on shares of Boston Properties from $80 to $78.00, and set an out-of-form rating on the stock. Other research analysts have also issued positive reviews. Boston Properties reported $0.51 earnings for the quarter, missing the consensus estimate of $1.73 by ($1.22). The company also recently declared a quarterly dividend of $0.,98 per share.
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StockNews.com upgraded shares of Boston Properties (NYSE:BXP – Free Report) from a sell rating to a hold rating in a report published on Tuesday morning.
Other research analysts have also recently issued research reports about the stock. Evercore ISI reduced their target price on shares of Boston Properties from $73.00 to $69.00 and set an outperform rating for the company in a report on Monday, May 6th. BMO Capital Markets dropped their price target on shares of Boston Properties from $80.00 to $78.00 and set an outperform rating on the stock in a research report on Monday, April 8th. Truist Financial dropped their price target on shares of Boston Properties from $77.00 to $75.00 and set a hold rating on the stock in a research report on Tuesday, March 5th. Barclays dropped their price target on shares of Boston Properties from $66.00 to $65.00 and set an equal weight rating on the stock in a research report on Friday, May 24th. Finally, Wedbush dropped their price target on shares of Boston Properties from $66.00 to $63.00 and set a neutral rating on the stock in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Boston Properties has a consensus rating of Hold and an average price target of $69.47.
Check Out Our Latest Stock Analysis on Boston Properties
Boston Properties (NYSE:BXP – Get Free Report) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $1.73 by ($1.22). Boston Properties had a return on equity of 2.35% and a net margin of 5.81%. The business had revenue of $839.44 million for the quarter, compared to analyst estimates of $808.68 million. During the same quarter in the previous year, the company posted $1.73 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Research analysts forecast that Boston Properties will post 7.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date was Wednesday, March 27th. Boston Properties’s dividend payout ratio is 321.31%.
A number of hedge funds have recently bought and sold shares of BXP. McGlone Suttner Wealth Management Inc. bought a new position in Boston Properties during the fourth quarter worth about $29,000. Manchester Capital Management LLC grew its stake in Boston Properties by 435.9% during the fourth quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 340 shares in the last quarter. Sound Income Strategies LLC grew its stake in Boston Properties by 770.9% during the fourth quarter. Sound Income Strategies LLC now owns 479 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 424 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Boston Properties during the fourth quarter worth about $34,000. Finally, Cambridge Trust Co. grew its stake in Boston Properties by 80.1% during the fourth quarter. Cambridge Trust Co. now owns 562 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 250 shares in the last quarter. 98.72% of the stock is owned by institutional investors.
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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