Boston Properties, Inc. (BXP) Stock Rating Reaffirmed by KeyCorp
Boston Properties, Inc. (NYSE:BXP)‘s stock had its “hold” rating restated by equities research analysts at KeyCorp in a note issued to investors on Friday.
Several other brokerages have also commented on BXP. Mizuho reiterated a “hold” rating and set a $122.00 price objective on shares of Boston Properties in a research report on Friday. Jefferies Group LLC reiterated a “hold” rating and set a $124.00 price objective on shares of Boston Properties in a research report on Tuesday, October 24th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $130.00 price objective on shares of Boston Properties in a research report on Monday, October 9th. Evercore ISI reiterated an “in-line” rating and set a $133.00 price objective (up from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Finally, Barclays PLC reduced their price objective on Boston Properties from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $133.36.
Shares of Boston Properties (NYSE:BXP) traded down $2.09 during midday trading on Friday, reaching $120.68. The company’s stock had a trading volume of 1,070,000 shares, compared to its average volume of 599,294. The company has a market cap of $18.62 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 3.56 and a beta of 0.63. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.44 and a quick ratio of 0.43. Boston Properties has a fifty-two week low of $113.76 and a fifty-two week high of $140.13.
Boston Properties (NYSE:BXP) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The business had revenue of $657.70 million for the quarter, compared to analyst estimates of $649.84 million. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 EPS. sell-side analysts expect that Boston Properties will post 6.24 EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of BXP. Harbour Capital Advisors LLC boosted its holdings in Boston Properties by 12,201.8% during the 2nd quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 13,422 shares during the period. Sun Life Financial INC boosted its holdings in Boston Properties by 10,118.2% during the 2nd quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock valued at $138,000 after acquiring an additional 1,113 shares during the period. Jane Street Group LLC purchased a new stake in Boston Properties during the 1st quarter valued at about $200,000. Garner Asset Management Corp purchased a new stake in Boston Properties during the 2nd quarter valued at about $214,000. Finally, Clinton Group Inc. purchased a new stake in Boston Properties during the 2nd quarter valued at about $236,000. Institutional investors own 94.84% 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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