Boston Properties (NYSE:BXP)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Wednesday, Stock Ratings Network reports. They currently have a $113.00 target price on the stock. Zacks‘ target price indicates a potential upside of 4.67% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Boston Properties from $110.00 to $116.00 in a research note to investors on Tuesday, October 22nd. They now have an “overweight” rating on the stock. Separately, analysts at Merrill Lynch downgraded shares of Boston Properties from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. Finally, analysts at Bank of America Corp. downgraded shares of Boston Properties from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $118.00 price target on the stock. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $116.57.
Boston Properties (NYSE:BXP) traded down 2.53% on Wednesday, hitting $105.23. The stock had a trading volume of 606,481 shares. Boston Properties has a 52 week low of $98.21 and a 52 week high of $117.00. The stock’s 50-day moving average is $103.8 and its 200-day moving average is $106.4. The company has a market cap of $16.036 billion and a P/E ratio of 26.45.
Boston Properties (NYSE:BXP) last released its earnings data on Wednesday, October 30th. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.28 by $0.01. The company had revenue of $574.08 million for the quarter, compared to the consensus estimate of $512.60 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, analysts predict that Boston Properties will post $4.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, September 26th.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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