Brokerages Set BXP, Inc. (NYSE:BXP) PT at $75.00

BXP, Inc. (NYSE:BXP) has been assigned a consensus rating of “Hold” from the twenty-one research firms that are covering the stock, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $75.00.

Several brokerages recently commented on BXP. KeyCorp upgraded shares of BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price target on the stock in a report on Thursday, December 4th. Mizuho downgraded shares of BXP from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $79.00 to $62.00 in a research note on Tuesday, February 24th. UBS Group dropped their target price on BXP from $74.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. JPMorgan Chase & Co. cut their target price on BXP from $83.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Finally, Scotiabank reduced their price target on BXP from $74.00 to $65.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd.

Insider Activity

In other news, EVP Hilary J. Spann sold 5,495 shares of BXP stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $59.69, for a total transaction of $327,996.55. Following the completion of the sale, the executive vice president owned 17,832 shares of the company’s stock, valued at approximately $1,064,392.08. The trade was a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Owen D. Thomas sold 1,198 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $61.22, for a total value of $73,341.56. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 7,887 shares of company stock valued at $476,930. 1.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new stake in shares of BXP in the 2nd quarter worth $25,000. Elyxium Wealth LLC purchased a new position in shares of BXP during the fourth quarter valued at $25,000. Muzinich & Co. Inc. purchased a new position in shares of BXP during the third quarter valued at $27,000. Princeton Global Asset Management LLC raised its holdings in shares of BXP by 892.5% in the fourth quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 357 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of BXP in the second quarter valued at about $29,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

BXP Stock Up 0.5%

NYSE BXP opened at $53.10 on Tuesday. BXP has a 52 week low of $49.72 and a 52 week high of $79.33. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.25 and a beta of 1.01. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 2.21. The company has a fifty day moving average of $59.47 and a two-hundred day moving average of $67.32.

BXP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 5.3%. BXP’s dividend payout ratio (DPR) is presently 160.92%.

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.