Boston Properties (NYSE:BXP)‘s stock had its “hold” rating reaffirmed by equities researchers at Robert W. Baird in a research note issued to investors on Tuesday. They presently have a $125.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price target would indicate a potential downside of 1.37% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets cut shares of Boston Properties from an “outperform” rating to a “market perform” rating in a report on Tuesday. They noted that the move was a valuation call. Jefferies Group restated a “hold” rating and issued a $124.00 price objective on shares of Boston Properties in a report on Tuesday, October 24th. KeyCorp restated a “hold” rating on shares of Boston Properties in a report on Friday, November 3rd. Argus cut their price objective on shares of Boston Properties to $140.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Finally, Royal Bank of Canada set a $140.00 price objective on shares of Boston Properties and gave the stock a “buy” rating in a report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Boston Properties has an average rating of “Hold” and an average target price of $132.09.

Boston Properties (NYSE BXP) opened at $126.74 on Tuesday. Boston Properties has a one year low of $116.77 and a one year high of $140.13. The stock has a market cap of $19,490.00, a PE ratio of 39.48, a P/E/G ratio of 3.60 and a beta of 0.63. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.92.

Boston Properties (NYSE:BXP) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ 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 the consensus estimate of $649.84 million. During the same period in the prior year, the firm earned $1.42 earnings per share. Boston Properties’s revenue was up 5.2% on a year-over-year basis. analysts anticipate that Boston Properties will post 6.25 EPS for the current year.

In other news, insider Bryan J. Koop sold 5,868 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total transaction of $730,859.40. Following the sale, the insider now owns 585 shares in the company, valued at $72,861.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.86% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Boston Properties by 2.4% during the second quarter. BlackRock Inc. now owns 14,996,676 shares of the real estate investment trust’s stock valued at $1,844,893,000 after buying an additional 346,189 shares during the last quarter. APG Asset Management US Inc. grew its holdings in shares of Boston Properties by 1.1% during the third quarter. APG Asset Management US Inc. now owns 6,541,092 shares of the real estate investment trust’s stock valued at $803,769,000 after buying an additional 69,000 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Boston Properties by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 4,045,846 shares of the real estate investment trust’s stock valued at $496,710,000 after buying an additional 228,106 shares during the last quarter. Boston Partners grew its holdings in shares of Boston Properties by 0.4% during the third quarter. Boston Partners now owns 2,576,787 shares of the real estate investment trust’s stock valued at $316,636,000 after buying an additional 9,060 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Boston Properties by 1.0% during the second quarter. Northern Trust Corp now owns 2,401,500 shares of the real estate investment trust’s stock valued at $295,432,000 after buying an additional 23,724 shares during the last quarter. Hedge funds and other institutional investors own 95.22% of the company’s stock.

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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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