Boston Properties (BXP) Receiving Favorable News Coverage, Study Finds
News headlines about Boston Properties (NYSE:BXP) have trended positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Boston Properties earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.5274439335637 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Marriott HQ developers, county resolve transportation improvement issues, earn key support (finance.yahoo.com)
- BRIEF-Boston Properties Announces Redemption Price For 3.700% Senior Notes Due 2018 (BXP) (markets.businessinsider.com)
- Boston Properties Announces Redemption Price for 3.700% Senior Notes Due 2018 (markets.financialcontent.com)
- Free Post Earnings Research Report: Boston Properties’ Revenue Grew 5%; FFO Jumped 10% (finance.yahoo.com)
A number of research firms have recently issued reports on BXP. SunTrust Banks reissued a “hold” rating and issued a $130.00 price target on shares of Boston Properties in a research report on Monday, October 9th. Royal Bank of Canada set a $140.00 price target on shares of Boston Properties and gave the stock a “buy” rating in a research report on Monday, November 27th. Evercore ISI reissued an “in-line” rating and issued a $133.00 price target (up from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Argus reduced their price target 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, Jefferies Group reissued a “hold” rating and issued a $124.00 price target on shares of Boston Properties in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $132.80.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.03. The firm had revenue of $657.70 million for the quarter, compared to analyst estimates of $649.84 million. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 earnings per share. research analysts expect that Boston Properties will post 6.25 EPS for the current year.
In related news, insider Bryan J. Koop sold 5,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total transaction of $730,859.40. Following the transaction, the insider now owns 585 shares of the company’s stock, valued at $72,861.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.17% of the stock is currently owned by company insiders.
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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