BXP, Inc. (NYSE:BXP) Receives Average Rating of “Hold” from Analysts

Shares of BXP, Inc. (NYSE:BXP) have earned a consensus recommendation of “Hold” from the twenty-one research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $77.05.

A number of equities research analysts have recently issued reports on the stock. KeyCorp upgraded shares of BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 target price on the stock in a research note on Thursday, December 4th. Royal Bank Of Canada upgraded BXP to an “outperform” rating in a research note on Thursday, December 4th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $79.00 target price on shares of BXP in a research report on Thursday, January 29th. UBS Group lowered their price target on BXP from $74.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, Evercore reduced their price objective on BXP from $76.00 to $73.00 and set an “in-line” rating on the stock in a research note on Thursday, January 29th.

Insider Buying and Selling at BXP

In related news, EVP Raymond A. Ritchey sold 36,314 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $72.18, for a total transaction of $2,621,144.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John J. Stroman sold 16,838 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.17, for a total transaction of $1,215,198.46. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,482 shares of company stock worth $4,212,416 in the last quarter. 1.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in BXP by 4.3% in the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock valued at $1,651,017,000 after buying an additional 1,016,579 shares during the last quarter. State Street Corp grew its position in shares of BXP by 1.7% during the second quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust’s stock worth $782,337,000 after acquiring an additional 186,269 shares during the last quarter. Norges Bank acquired a new stake in shares of BXP in the 2nd quarter worth about $686,886,000. APG Asset Management US Inc. increased its holdings in shares of BXP by 3.2% in the 3rd quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust’s stock worth $564,883,000 after acquiring an additional 232,591 shares during the period. Finally, Geode Capital Management LLC lifted its position in BXP by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust’s stock valued at $279,186,000 after purchasing an additional 68,481 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

BXP Stock Performance

BXP stock opened at $64.73 on Monday. BXP has a 52 week low of $54.22 and a 52 week high of $79.33. The company has a current ratio of 5.36, a quick ratio of 4.50 and a debt-to-equity ratio of 2.21. The stock has a market cap of $10.26 billion, a P/E ratio of -50.97, a price-to-earnings-growth ratio of 2.75 and a beta of 1.01. The stock has a 50 day moving average of $67.70 and a 200-day moving average of $70.05.

BXP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.3%. BXP’s payout ratio is -220.47%.

About BXP

Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.