Jefferies Financial Group upgraded shares of Boston Properties (NYSE:BXP) from a hold rating to a buy rating in a research report report published on Monday, MarketBeat.com reports. They currently have $139.00 target price on the real estate investment trust’s stock. Jefferies Financial Group also issued estimates for Boston Properties’ Q3 2018 earnings at $1.64 EPS, Q4 2018 earnings at $1.66 EPS, FY2018 earnings at $6.37 EPS and FY2019 earnings at $6.86 EPS.

Other equities analysts have also recently issued research reports about the company. ValuEngine cut Boston Properties from a hold rating to a sell rating in a research note on Monday, June 18th. TheStreet raised Boston Properties from a c+ rating to a b- rating in a research note on Friday, August 3rd. Stifel Nicolaus lifted their price target on Boston Properties from $130.00 to $135.00 and gave the stock a hold rating in a research note on Thursday, August 2nd. Barclays reissued a buy rating and issued a $134.00 price target on shares of Boston Properties in a research note on Tuesday, August 21st. Finally, Deutsche Bank lifted their price target on Boston Properties from $133.00 to $134.00 and gave the stock a hold rating in a research note on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Boston Properties has a consensus rating of Hold and an average price target of $133.69.

NYSE:BXP opened at $116.48 on Monday. The stock has a market cap of $19.01 billion, a P/E ratio of 20.08, a PEG ratio of 3.23 and a beta of 0.56. Boston Properties has a 52-week low of $111.57 and a 52-week high of $132.82. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.34.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.73). The firm had revenue of $664.48 million for the quarter, compared to analyst estimates of $667.92 million. Boston Properties had a return on equity of 6.71% and a net margin of 20.23%. Boston Properties’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 earnings per share. Sell-side analysts anticipate that Boston Properties will post 6.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, September 28th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $3.20 dividend on an annualized basis and a yield of 2.75%.

Large investors have recently added to or reduced their stakes in the business. Summit Trail Advisors LLC grew its stake in Boston Properties by 11,571.4% during the 1st quarter. Summit Trail Advisors LLC now owns 189,661 shares of the real estate investment trust’s stock valued at $190,000 after acquiring an additional 188,036 shares in the last quarter. Atria Investments LLC purchased a new position in Boston Properties during the 3rd quarter valued at about $226,000. Piedmont Investment Advisors LLC purchased a new position in Boston Properties during the 2nd quarter valued at about $227,000. Fieldpoint Private Securities LLC grew its stake in Boston Properties by 53.6% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 2,006 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 700 shares in the last quarter. Finally, Federated Investors Inc. PA grew its stake in Boston Properties by 91.9% during the 2nd quarter. Federated Investors Inc. PA now owns 2,007 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 961 shares in the last quarter. 95.35% of the stock is currently owned by institutional investors.

Boston Properties Company Profile

Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.

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Analyst Recommendations for Boston Properties (NYSE:BXP)

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