Boston Properties (NYSE:BXP) Given Buy Rating at Argus

Argus reissued their buy rating on shares of Boston Properties (NYSE:BXP) in a report issued on Wednesday, LiveTradingNews reports. The firm currently has a $150.00 price target on the real estate investment trust’s stock, up from their prior price target of $142.00.

BXP has been the subject of several other reports. Barclays reissued a buy rating and issued a $149.00 price objective on shares of Boston Properties in a research report on Sunday, October 13th. Robert W. Baird set a $152.00 price objective on shares of Boston Properties and gave the company a buy rating in a research report on Wednesday, August 21st. Deutsche Bank upped their price target on shares of Boston Properties from $145.00 to $148.00 and gave the stock a hold rating in a research report on Thursday, October 10th. Citigroup reaffirmed a neutral rating and issued a $134.00 price target (up previously from $131.00) on shares of Boston Properties in a research report on Tuesday, November 5th. Finally, ValuEngine raised shares of Boston Properties from a sell rating to a hold rating in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Boston Properties currently has an average rating of Buy and a consensus price target of $143.12.

NYSE:BXP traded down $0.25 during mid-day trading on Wednesday, hitting $137.56. 246,446 shares of the stock traded hands, compared to its average volume of 651,741. The stock has a market capitalization of $21.31 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.99 and a beta of 0.86. Boston Properties has a 52 week low of $107.84 and a 52 week high of $140.35. The firm’s 50 day moving average is $132.02 and its two-hundred day moving average is $131.53. The company has a quick ratio of 4.58, a current ratio of 3.98 and a debt-to-equity ratio of 1.52.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $743.55 million for the quarter, compared to the consensus estimate of $730.74 million. Boston Properties had a net margin of 18.20% and a return on equity of 6.70%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 EPS. As a group, research analysts predict that Boston Properties will post 6.99 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a $0.95 dividend. The ex-dividend date was Friday, September 27th. This represents a $3.80 annualized dividend and a dividend yield of 2.76%. Boston Properties’s payout ratio is presently 60.32%.

In related news, EVP Peter D. Johnston sold 18,582 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $137.85, for a total transaction of $2,561,528.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.99% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC increased its stake 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 worth $33,000 after acquiring an additional 136 shares during the period. Quest Capital Management Inc. ADV purchased a new stake in Boston Properties during the third quarter worth $37,000. Doyle Wealth Management purchased a new stake in Boston Properties during the second quarter worth $39,000. Usca Ria LLC purchased a new stake in Boston Properties during the third quarter worth $39,000. Finally, Parallel Advisors LLC boosted its holdings in Boston Properties by 170.9% during the third quarter. Parallel Advisors LLC now owns 317 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 200 shares in the last quarter. 90.29% of the stock is owned by institutional investors.

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.

Read More: What are the FAANG Stocks?

Analyst Recommendations for Boston Properties (NYSE:BXP)

Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.