Boston Properties, Inc. (NYSE:BXP) Receives Average Recommendation of “Hold” from Brokerages

Boston Properties, Inc. (NYSE:BXP) has earned a consensus rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $80.85.

Several research analysts have commented on BXP shares. Jefferies Financial Group started coverage on shares of Boston Properties in a report on Monday. They issued a “buy” rating and a $78.00 price objective for the company. Mizuho decreased their price objective on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Barclays decreased their price target on shares of Boston Properties from $89.00 to $79.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Wedbush lowered shares of Boston Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company decreased their price target on shares of Boston Properties from $88.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, February 10th.

Boston Properties Stock Down 0.4 %

Shares of NYSE BXP opened at $68.35 on Friday. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09. Boston Properties has a 12 month low of $56.46 and a 12 month high of $90.11. The firm has a market capitalization of $10.81 billion, a PE ratio of 683.55, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. The firm has a fifty day simple moving average of $70.32 and a two-hundred day simple moving average of $76.64.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. Equities analysts expect that Boston Properties will post 6.91 earnings per share for the current year.

Insider Buying and Selling at Boston Properties

In other news, EVP Donna D. Garesche sold 2,143 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total transaction of $145,445.41. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Hilary J. Spann sold 12,379 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction of $891,535.58. Following the sale, the executive vice president now directly owns 7,271 shares in the company, valued at approximately $523,657.42. The trade was a 63.00 % decrease in their position. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

Institutional Trading of Boston Properties

A number of institutional investors have recently made changes to their positions in BXP. Crossmark Global Holdings Inc. boosted its holdings in shares of Boston Properties by 9.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,575 shares of the real estate investment trust’s stock valued at $690,000 after acquiring an additional 763 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings 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 valued at $49,000 after acquiring an additional 603 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Boston Properties during the 3rd quarter valued at about $58,000. Toronto Dominion Bank boosted its holdings in shares of Boston Properties by 15.7% in the third quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock worth $3,966,000 after buying an additional 6,687 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of Boston Properties by 18.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 590 shares during the last quarter. Hedge funds and other 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.