Equities researchers at Credit Suisse Group began coverage on shares of Boston Properties (NYSE:BXP – Get Rating) in a research note issued on Wednesday, The Fly reports. The brokerage set an “outperform” rating and a $108.00 price target on the real estate investment trust’s stock. Credit Suisse Group’s price objective suggests a potential upside of 20.00% from the company’s previous close.
Several other brokerages have also recently commented on BXP. Morgan Stanley dropped their target price on shares of Boston Properties from $111.00 to $104.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boston Properties from $131.00 to $139.00 and gave the stock a “buy” rating in a report on Thursday, April 14th. StockNews.com initiated coverage on shares of Boston Properties in a report on Thursday, March 31st. They set a “hold” rating for the company. Mizuho upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and increased their target price for the stock from $120.00 to $135.00 in a research report on Thursday, April 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Boston Properties from $120.00 to $112.00 and set a “sell” rating for the company in a research report on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Boston Properties has a consensus rating of “Moderate Buy” and a consensus price target of $128.36.
NYSE:BXP opened at $90.00 on Wednesday. Boston Properties has a 12-month low of $88.02 and a 12-month high of $133.11. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $14.10 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The firm has a 50-day moving average price of $109.72 and a 200 day moving average price of $116.67.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Boston Properties by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 23,383,095 shares of the real estate investment trust’s stock worth $3,011,742,000 after buying an additional 404,123 shares in the last quarter. BlackRock Inc. increased its position in shares of Boston Properties by 6.9% during the fourth quarter. BlackRock Inc. now owns 17,343,626 shares of the real estate investment trust’s stock worth $1,997,639,000 after acquiring an additional 1,119,895 shares during the last quarter. Norges Bank bought a new stake in Boston Properties in the fourth quarter valued at about $1,501,665,000. State Street Corp boosted its stake in Boston Properties by 6.1% in the first quarter. State Street Corp now owns 11,026,679 shares of the real estate investment trust’s stock valued at $1,430,779,000 after acquiring an additional 638,452 shares during the period. Finally, Capital World Investors boosted its position in shares of Boston Properties by 3.5% during the first quarter. Capital World Investors now owns 7,676,647 shares of the real estate investment trust’s stock worth $988,752,000 after buying an additional 260,955 shares during the period. 98.02% of the stock is owned by hedge funds and other institutional investors.
Boston Properties Company Profile (Get Rating)
Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.
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