Boston Properties (NYSE:BXP) PT Set at $152.00 by Robert W. Baird

Robert W. Baird set a $152.00 price objective on Boston Properties (NYSE:BXP) in a research note published on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

BXP has been the topic of several other research reports. Zacks Investment Research downgraded Boston Properties from a buy rating to a hold rating in a research note on Monday, May 6th. Citigroup dropped their price target on Boston Properties from $142.00 to $131.00 and set a neutral rating on the stock in a research note on Wednesday, August 14th. Finally, Morgan Stanley lifted their price target on Boston Properties from $116.00 to $123.00 and gave the company an underweight rating in a research note on Monday, June 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $137.79.

Boston Properties stock traded down $0.94 during mid-day trading on Wednesday, hitting $126.99. 80,243 shares of the company’s stock were exchanged, compared to its average volume of 643,616. The company’s 50 day simple moving average is $130.03 and its 200-day simple moving average is $132.81. Boston Properties has a fifty-two week low of $107.84 and a fifty-two week high of $140.35. The firm has a market capitalization of $19.72 billion, a P/E ratio of 20.16, a PEG ratio of 2.94 and a beta of 0.87. The company has a quick ratio of 4.58, a current ratio of 4.58 and a debt-to-equity ratio of 1.51.



Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.68). Boston Properties had a net margin of 18.96% and a return on equity of 6.80%. The firm had revenue of $733.74 million during the quarter, compared to analyst estimates of $725.14 million. During the same period in the prior year, the business earned $0.83 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts expect that Boston Properties will post 7.04 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Thursday, June 27th. Boston Properties’s dividend payout ratio is currently 60.32%.

In related news, insider Bryan J. Koop sold 4,121 shares of Boston Properties stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $134.40, for a total value of $553,862.40. Following the sale, the insider now owns 585 shares of the company’s stock, valued at $78,624. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.99% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Rational Advisors LLC increased its position in shares of Boston Properties by 66.4% in the first quarter. Rational Advisors LLC now owns 203 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 81 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Boston Properties by 112.4% in the second quarter. Advisory Services Network LLC now owns 257 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 136 shares during the last quarter. Doyle Wealth Management acquired a new stake in shares of Boston Properties in the second quarter valued at about $39,000. CSat Investment Advisory L.P. increased its position in shares of Boston Properties by 214.8% in the second quarter. CSat Investment Advisory L.P. now owns 340 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 232 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of Boston Properties by 1,804.8% in the second quarter. Cullen Frost Bankers Inc. now owns 400 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 379 shares during the last quarter. 88.99% of the stock is currently owned by institutional investors and hedge funds.

About Boston Properties

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

Further Reading: Cost of Goods Sold (COGS)

Analyst Recommendations for Boston Properties (NYSE:BXP)

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