Boston Properties, Inc. (BXP) Receives Average Rating of “Hold” from Brokerages
Shares of Boston Properties, Inc. (NYSE:BXP) have been given an average rating of “Hold” by the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $134.55.
A number of research analysts have recently commented on the company. BidaskClub upgraded Boston Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $127.00 target price on shares of Boston Properties in a research note on Thursday, June 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $150.00 target price on shares of Boston Properties in a research note on Wednesday, July 5th. TheStreet upgraded Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $121.00 target price on shares of Boston Properties in a research note on Friday, July 14th.
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Shares of Boston Properties (BXP) opened at 121.30 on Friday. The company has a market cap of $18.72 billion, a P/E ratio of 41.12 and a beta of 0.64. The stock’s 50 day moving average price is $121.01 and its 200 day moving average price is $126.59. Boston Properties has a 12-month low of $113.69 and a 12-month high of $143.30.
Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.05. The company had revenue of $656.90 million during the quarter, compared to analysts’ expectations of $645.96 million. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. On average, analysts forecast that Boston Properties will post $2.78 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sun Life Financial INC raised its stake in Boston Properties by 10,118.2% in the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 1,113 shares during the last quarter. Jane Street Group LLC acquired a new stake in Boston Properties during the first quarter worth approximately $200,000. Garner Asset Management Corp acquired a new stake in Boston Properties during the second quarter worth approximately $214,000. Clinton Group Inc. acquired a new stake in Boston Properties during the second quarter worth approximately $236,000. Finally, MML Investors Services LLC raised its stake in Boston Properties by 7.3% in the second quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 137 shares during the last quarter. 94.74% of the stock is owned by institutional investors.
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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