Boston Properties, Inc. (NYSE:BXP)‘s stock had its “hold” rating reissued by research analysts at KeyCorp in a note issued to investors on Wednesday.

A number of other equities analysts also recently weighed in on the stock. Barclays PLC lowered their target price on shares of Boston Properties from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, August 31st. Royal Bank Of Canada downgraded Boston Properties from a “top pick” rating to an “outperform” rating and dropped their price objective for the company from $150.00 to $140.00 in a research note on Thursday, August 17th. TheStreet raised Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. BidaskClub downgraded Boston Properties from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Zacks Investment Research downgraded Boston Properties from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Boston Properties has an average rating of “Hold” and a consensus price target of $134.55.

Boston Properties (NYSE BXP) traded up 0.07% during midday trading on Wednesday, reaching $122.45. The company had a trading volume of 108,383 shares. Boston Properties has a 12-month low of $113.69 and a 12-month high of $140.13. The stock has a 50-day moving average price of $121.25 and a 200 day moving average price of $124.36. The company has a market capitalization of $18.90 billion, a PE ratio of 41.51 and a beta of 0.65.

Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.05. The firm had revenue of $656.90 million during the quarter, compared to analyst estimates of $645.96 million. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.44 EPS. Equities analysts forecast that Boston Properties will post $2.76 EPS for the current year.

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Large investors have recently made changes to their positions in the stock. Eagle Asset Management grew its holdings in Boston Properties by 93.9% during the third quarter. Eagle Asset Management now owns 50,652 shares of the real estate investment trust’s stock worth $5,996,000 after buying an additional 24,526 shares in the last quarter. Blue Fin Capital raised its position in Boston Properties by 2.6% in the 4th quarter. Blue Fin Capital now owns 5,529 shares of the real estate investment trust’s stock valued at $705,000 after buying an additional 140 shares during the last quarter. Duff & Phelps Investment Management Company lifted its stake in Boston Properties by 19.1% during the 4th quarter. Duff & Phelps Investment Management Company now owns 578,227 shares of the real estate investment trust’s stock valued at $73,747,000 after acquiring an additional 92,875 shares in the last quarter. Nisa Investment Advisors lifted its stake in Boston Properties by 22.5% during the 4th quarter. Nisa Investment Advisors now owns 59,341 shares of the real estate investment trust’s stock valued at $7,568,000 after acquiring an additional 10,900 shares in the last quarter. Finally, BB&T Securities lifted its stake in Boston Properties by 5.0% during the 4th quarter. BB&T Securities now owns 3,922 shares of the real estate investment trust’s stock valued at $500,000 after acquiring an additional 187 shares in the last quarter. 94.59% of the stock is currently owned by institutional investors.

About Boston Properties

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.

Analyst Recommendations for Boston Properties (NYSE:BXP)

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