Boston Properties (NYSE:BXP) Upgraded at Compass Point

Compass Point upgraded shares of Boston Properties (NYSE:BXP) from a neutral rating to a buy rating in a research report released on Thursday morning, Marketbeat.com reports. Compass Point currently has $88.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $80.00.

BXP has been the topic of several other research reports. Scotiabank reaffirmed a “sector perform” rating and set a $85.00 target price on shares of Boston Properties in a research note on Thursday, November 7th. Barclays upped their price objective on shares of Boston Properties from $65.00 to $88.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. StockNews.com lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Evercore ISI upped their price target on shares of Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, UBS Group raised their price objective on shares of Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Boston Properties presently has a consensus rating of “Hold” and an average target price of $80.85.

Boston Properties Price Performance

NYSE BXP opened at $78.53 on Thursday. Boston Properties has a 1 year low of $52.61 and a 1 year high of $90.11. The stock’s 50-day moving average price is $82.02 and its two-hundred day moving average price is $71.00. The company has a market cap of $12.42 billion, a PE ratio of 34.00, a PEG ratio of 0.54 and a beta of 1.18. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The firm had revenue of $859.23 million during the quarter, compared to analyst estimates of $829.91 million. During the same period in the prior year, the business posted $1.86 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that Boston Properties will post 7.1 EPS for the current year.

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Monday, September 30th. Boston Properties’s dividend payout ratio (DPR) is currently 169.70%.

Insider Activity

In other news, EVP Raymond A. Ritchey sold 21,835 shares of Boston Properties stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $74.25, for a total transaction of $1,621,248.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Peter V. Otteni sold 4,785 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.40. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Boston Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. raised its stake in Boston Properties by 212.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 386 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Boston Properties by 115.5% in the 2nd quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 380 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Boston Properties by 5,025.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 603 shares in the last quarter. Brooklyn Investment Group bought a new position in Boston Properties during the 3rd quarter valued at about $58,000. Finally, Abich Financial Wealth Management LLC boosted its position in Boston Properties by 59.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 395 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Boston Properties Company Profile

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.