Robert W. Baird reissued their hold rating on shares of Boston Properties (NYSE:BXP) in a report released on Tuesday morning. They currently have a $125.00 target price on the real estate investment trust’s stock.
Several other equities analysts have also recently weighed in on the company. SunTrust Banks reaffirmed a hold rating and issued a $130.00 price objective on shares of Boston Properties in a report on Monday, October 9th. Argus dropped their price objective on Boston Properties to $140.00 and set a buy rating for the company in a report on Thursday, November 16th. Jefferies Group reaffirmed a hold rating and issued a $124.00 price objective on shares of Boston Properties in a report on Tuesday, October 24th. Mizuho reaffirmed a hold rating and issued a $122.00 price objective on shares of Boston Properties in a report on Friday, November 3rd. Finally, Royal Bank of Canada set a $140.00 price objective on Boston Properties and gave the company a buy rating in a report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Boston Properties currently has an average rating of Hold and an average price target of $131.00.
Shares of Boston Properties (NYSE:BXP) traded down $1.53 during midday trading on Tuesday, reaching $122.33. The company’s stock had a trading volume of 637,036 shares, compared to its average volume of 798,978. The firm has a market cap of $19,110.00, a PE ratio of 38.11, a PEG ratio of 3.60 and a beta of 0.63. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.44 and a quick ratio of 0.44. Boston Properties has a 52-week low of $116.77 and a 52-week high of $140.13.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, December 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.62%. This is a boost from Boston Properties’s previous quarterly dividend of $0.75. Boston Properties’s payout ratio is 99.69%.
In other news, insider Bryan J. Koop sold 5,868 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total transaction of $730,859.40. Following the completion of the transaction, the insider now owns 585 shares of the company’s stock, valued at approximately $72,861.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Boston Properties by 1.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,574 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 61 shares in the last quarter. Commonwealth Bank of Australia grew its position in Boston Properties by 6.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,077 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 127 shares during the last quarter. MML Investors Services LLC grew its position in Boston Properties by 7.3% during the 2nd quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 137 shares during the last quarter. HighTower Advisors LLC grew its position in Boston Properties by 1.9% during the 2nd quarter. HighTower Advisors LLC now owns 7,652 shares of the real estate investment trust’s stock worth $941,000 after acquiring an additional 140 shares during the last quarter. Finally, Millie Capital Management LLC grew its position in Boston Properties by 3.4% during the 2nd quarter. Millie Capital Management LLC now owns 4,473 shares of the real estate investment trust’s stock worth $550,000 after acquiring an additional 146 shares during the last quarter. 95.22% of the stock is owned by institutional investors.
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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