Boston Properties, Inc. (NYSE:BXP) saw some unusual options trading activity on Friday. Investors purchased 1,922 put options on the company. This is an increase of approximately 1,313% compared to the typical volume of 136 put options.

A number of equities research analysts have recently issued reports on BXP shares. Jefferies Group reissued a “hold” rating and issued a $124.00 target price on shares of Boston Properties in a research report on Tuesday, October 24th. Mizuho reissued a “hold” rating and issued a $122.00 target price on shares of Boston Properties in a research report on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Boston Properties in a research report on Friday, November 3rd. Argus reduced their target price on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a research report on Thursday, November 16th. Finally, Royal Bank of Canada set a $140.00 target price on shares of Boston Properties and gave the company a “buy” rating in a research report on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $131.20.

Shares of Boston Properties (NYSE:BXP) opened at $115.35 on Monday. Boston Properties has a 52-week low of $111.82 and a 52-week high of $140.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.43. The firm has a market cap of $17,801.39, a PE ratio of 18.57, a P/E/G ratio of 3.26 and a beta of 0.58.

Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.02. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The business had revenue of $655.23 million during the quarter, compared to analysts’ expectations of $654.36 million. During the same quarter in the prior year, the business posted $0.94 earnings per share. Boston Properties’s revenue was up 3.0% compared to the same quarter last year. analysts expect that Boston Properties will post 6.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were given a dividend of $0.80 per share. This is a boost from Boston Properties’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.20 annualized dividend and a yield of 2.77%. Boston Properties’s dividend payout ratio is currently 109.22%.

A number of institutional investors and hedge funds have recently bought and sold shares of BXP. Daiwa Securities Group Inc. lifted its position in Boston Properties by 6,461.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,815,988 shares of the real estate investment trust’s stock worth $236,133,000 after purchasing an additional 1,788,312 shares during the period. PGGM Investments lifted its position in Boston Properties by 33.2% during the fourth quarter. PGGM Investments now owns 2,950,000 shares of the real estate investment trust’s stock worth $383,588,000 after purchasing an additional 734,542 shares during the period. American Century Companies Inc. lifted its position in Boston Properties by 44.4% during the third quarter. American Century Companies Inc. now owns 1,420,314 shares of the real estate investment trust’s stock worth $174,528,000 after purchasing an additional 436,901 shares during the period. Ameriprise Financial Inc. lifted its position in Boston Properties by 173.1% during the third quarter. Ameriprise Financial Inc. now owns 621,030 shares of the real estate investment trust’s stock worth $76,326,000 after purchasing an additional 393,612 shares during the period. Finally, Resolution Capital Ltd lifted its position in Boston Properties by 100.9% during the fourth quarter. Resolution Capital Ltd now owns 505,898 shares of the real estate investment trust’s stock worth $65,782,000 after purchasing an additional 254,092 shares during the period. 95.87% of the stock is owned by institutional investors and hedge funds.

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Boston Properties Company Profile

Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.

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