Mizuho Reaffirms “Hold” Rating for Boston Properties, Inc. (BXP)
Boston Properties, Inc. (NYSE:BXP)‘s stock had its “hold” rating reissued by equities researchers at Mizuho in a report released on Friday. They currently have a $122.00 target price on the real estate investment trust’s stock. Mizuho’s price objective would suggest a potential upside of 1.09% from the company’s previous close.
A number of other research analysts have also recently issued reports on the company. Barclays PLC decreased their target price on Boston Properties from $141.00 to $137.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 18th. KeyCorp reiterated a “hold” rating on shares of Boston Properties in a research report on Friday, September 1st. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $130.00 target price on shares of Boston Properties in a research report on Monday, October 9th. BidaskClub upgraded Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $121.00 target price on shares of Boston Properties in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Boston Properties has a consensus rating of “Hold” and a consensus target price of $133.36.
Shares of Boston Properties (BXP) traded down $1.30 during trading on Friday, hitting $120.68. The stock had a trading volume of 1,062,808 shares, compared to its average volume of 599,294. The firm has a market cap of $18.62 billion, a PE ratio of 19.61, a P/E/G ratio of 3.56 and a beta of 0.63. Boston Properties has a fifty-two week low of $113.76 and a fifty-two week high of $140.13. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 0.92.
Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The business had revenue of $657.70 million during the quarter, compared to the consensus estimate of $649.84 million. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Boston Properties’s revenue for the quarter was up 5.2% compared to the same quarter last year. research analysts forecast that Boston Properties will post 6.24 earnings per share for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in Boston Properties by 25.4% in the third quarter. BNP Paribas Arbitrage SA now owns 143,946 shares of the real estate investment trust’s stock valued at $17,688,000 after acquiring an additional 29,167 shares during the last quarter. FDx Advisors Inc. boosted its holdings in Boston Properties by 19.2% in the third quarter. FDx Advisors Inc. now owns 3,008 shares of the real estate investment trust’s stock valued at $370,000 after acquiring an additional 484 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in Boston Properties by 11.9% in the third quarter. Candriam Luxembourg S.C.A. now owns 14,478 shares of the real estate investment trust’s stock valued at $1,779,000 after acquiring an additional 1,536 shares during the last quarter. Bradley Foster & Sargent Inc. CT bought a new stake in Boston Properties in the third quarter valued at approximately $421,000. Finally, Swiss National Bank boosted its holdings in Boston Properties by 0.8% in the third quarter. Swiss National Bank now owns 667,935 shares of the real estate investment trust’s stock valued at $82,076,000 after acquiring an additional 5,300 shares during the last quarter. Institutional investors and hedge funds 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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