Boston Properties (NYSE:BXP) Now Covered by Credit Suisse Group

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.

Boston Properties (NYSE:BXP – Get Rating) last posted its earnings results on Monday, May 2nd. The real estate investment trust reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.24. Boston Properties had a net margin of 18.69% and a return on equity of 6.80%. During the same period last year, the firm earned $1.56 EPS. On average, research analysts expect that Boston Properties will post 7.48 EPS for the current year.

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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