Boston Properties (NYSE:BXP) Given a $152.00 Price Target at Robert W. Baird

Robert W. Baird set a $152.00 target price on Boston Properties (NYSE:BXP) in a research report sent to investors on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. Morgan Stanley upped their price target on Boston Properties from $116.00 to $123.00 and gave the stock an underweight rating in a research note on Monday, June 17th. Zacks Investment Research downgraded Boston Properties from a buy rating to a hold rating in a research note on Monday, May 6th. Finally, Citigroup decreased their price target on Boston Properties from $142.00 to $131.00 and set a neutral rating for the company in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Boston Properties presently has an average rating of Hold and a consensus target price of $137.79.

NYSE BXP traded down $0.94 on Wednesday, reaching $126.99. The stock had a trading volume of 80,243 shares, compared to its average volume of 643,616. The business has a 50 day moving average price of $130.03 and a 200 day moving average price of $132.81. The company has a current ratio of 4.58, a quick ratio of 4.58 and a debt-to-equity ratio of 1.51. Boston Properties has a 1 year low of $107.84 and a 1 year high of $140.35. The company has a market capitalization of $19.72 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 2.94 and a beta of 0.87.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $1.06 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $725.14 million. During the same quarter last year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts anticipate that Boston Properties will post 7.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, June 27th. This represents a $3.80 annualized dividend and a dividend yield of 2.99%. Boston Properties’s dividend payout ratio (DPR) is presently 60.32%.

In other news, insider Bryan J. Koop sold 4,121 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $134.40, for a total transaction of $553,862.40. Following the completion of the sale, the insider now owns 585 shares in the company, valued at approximately $78,624. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.99% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BXP. Natixis acquired a new position in Boston Properties in the 2nd quarter valued at approximately $1,735,000. Magnetar Financial LLC raised its holdings in Boston Properties by 2.9% in the 2nd quarter. Magnetar Financial LLC now owns 6,660 shares of the real estate investment trust’s stock valued at $859,000 after acquiring an additional 188 shares in the last quarter. Royal Bank of Canada raised its holdings in Boston Properties by 5.4% in the 2nd quarter. Royal Bank of Canada now owns 91,555 shares of the real estate investment trust’s stock valued at $11,811,000 after acquiring an additional 4,660 shares in the last quarter. Uniplan Investment Counsel Inc. raised its holdings in Boston Properties by 0.8% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 279,144 shares of the real estate investment trust’s stock valued at $36,009,000 after acquiring an additional 2,146 shares in the last quarter. Finally, HM Payson & Co. acquired a new position in Boston Properties in the 2nd quarter valued at approximately $79,000. Institutional investors own 88.99% of the company’s stock.

Boston Properties Company Profile

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: Fundamental Analysis and Individual Investors

Analyst Recommendations for Boston Properties (NYSE:BXP)

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