Boston Properties, Inc. (BXP) Given Average Recommendation of “Hold” by Brokerages
Shares of Boston Properties, Inc. (NYSE:BXP) have been given an average recommendation of “Hold” by the fourteen analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $132.80.
A number of analysts recently commented on the stock. Royal Bank Of Canada cut shares of Boston Properties from a “top pick” rating to an “outperform” rating and lowered their price objective for the company from $150.00 to $140.00 in a research report on Thursday, August 17th. KeyCorp restated a “hold” rating on shares of Boston Properties in a research report on Friday, November 3rd. Barclays lowered their price objective on shares of Boston Properties from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, August 31st. Evercore ISI restated an “in-line” rating and issued a $133.00 price objective (up previously from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Finally, Argus lowered their price objective on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a research report on Thursday, November 16th.
In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total transaction of $730,859.40. Following the completion of the transaction, the insider now owns 585 shares in the company, valued at approximately $72,861.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.17% of the stock is currently owned by corporate insiders.
Shares of Boston Properties (NYSE:BXP) opened at $124.66 on Monday. The company has a market cap of $19,237.78, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 3.56 and a beta of 0.63. Boston Properties has a 1 year low of $116.77 and a 1 year high of $140.13. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92.
Boston Properties (NYSE:BXP) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, beating the consensus estimate of $1.54 by $0.03. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The company had revenue of $657.70 million during the quarter, compared to analysts’ expectations of $649.84 million. During the same quarter in the previous year, the company posted $1.42 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities research analysts forecast that Boston Properties will post 6.25 earnings per share for the current fiscal year.
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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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