Boston Properties, Inc. (BXP) Given New $137.00 Price Target at Barclays PLC
Boston Properties, Inc. (NYSE:BXP) had its price objective dropped by stock analysts at Barclays PLC from $141.00 to $137.00 in a research note issued on Tuesday. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Barclays PLC’s price objective points to a potential upside of 14.99% from the company’s previous close.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Boston Properties from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub raised Boston Properties from a “sell” rating to a “hold” rating in a report on Sunday. Jefferies Group LLC reissued a “hold” rating and issued a $121.00 target price on shares of Boston Properties in a report on Friday. Royal Bank Of Canada reissued a “buy” rating and issued a $150.00 target price on shares of Boston Properties in a report on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $127.00 target price on shares of Boston Properties in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $138.59.
Boston Properties (BXP) traded down 1.99% during trading on Tuesday, reaching $119.14. 832,129 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $123.14 and a 200 day moving average price of $129.11. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of 43.96 and a beta of 0.65. Boston Properties has a 52 week low of $113.69 and a 52 week high of $144.02.
Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, April 25th. The real estate investment trust reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by $0.02. Boston Properties had a net margin of 16.94% and a return on equity of 5.54%. The business had revenue of $632.23 million during the quarter, compared to analyst estimates of $637.34 million. During the same period last year, the business posted $1.18 EPS. Boston Properties’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts forecast that Boston Properties will post $2.71 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of BXP. Atria Investments LLC bought a new stake in Boston Properties during the first quarter worth approximately $224,000. Bank of Montreal Can boosted its stake in Boston Properties by 42.3% in the first quarter. Bank of Montreal Can now owns 784,318 shares of the real estate investment trust’s stock worth $103,853,000 after buying an additional 233,067 shares in the last quarter. National Pension Service boosted its stake in Boston Properties by 6.1% in the first quarter. National Pension Service now owns 133,699 shares of the real estate investment trust’s stock worth $17,565,000 after buying an additional 7,634 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in Boston Properties by 6.0% in the first quarter. Gulf International Bank UK Ltd now owns 47,998 shares of the real estate investment trust’s stock worth $6,355,000 after buying an additional 2,700 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new stake in Boston Properties during the first quarter worth approximately $232,000. Hedge funds and other institutional investors own 94.43% of the company’s stock.
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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