Boston Properties (NYSE:BXP) was upgraded by Edward Jones from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, Marketbeat.com reports.
Several other research firms have also recently commented on BXP. Jefferies Group restated a “hold” rating and set a $124.00 target price on shares of Boston Properties in a research report on Tuesday, October 24th. BMO Capital Markets restated a “hold” rating and set a $134.00 target price on shares of Boston Properties in a research report on Thursday. Zacks Investment Research cut Boston Properties from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. SunTrust Banks reiterated a “hold” rating and issued a $130.00 price objective on shares of Boston Properties in a report on Monday, October 9th. Finally, Barclays reiterated a “buy” rating and issued a $131.00 price objective (down from $135.00) on shares of Boston Properties in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Boston Properties has an average rating of “Hold” and a consensus price target of $131.20.
Boston Properties (NYSE BXP) traded down $4.60 during trading on Monday, reaching $114.74. The company had a trading volume of 1,050,983 shares, compared to its average volume of 913,549. Boston Properties has a twelve month low of $114.60 and a twelve month high of $140.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.43. The stock has a market capitalization of $18,050.00, a PE ratio of 39.29, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58.
Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.02. Boston Properties had a return on equity of 5.86% and a net margin of 17.67%. The business had revenue of $655.23 million during the quarter, compared to analysts’ expectations of $654.36 million. During the same period in the previous year, the business earned $0.94 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. equities research analysts predict that Boston Properties will post 6.33 EPS for the current year.
In other news, insider Bryan J. Koop sold 5,868 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total value of $730,859.40. Following the completion of the transaction, the insider now directly owns 585 shares in the company, valued at approximately $72,861.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Amica Retiree Medical Trust bought a new stake in shares of Boston Properties in the 3rd quarter valued at about $105,000. NewSquare Capital LLC lifted its stake in shares of Boston Properties by 12,184.0% in the 3rd quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 121,840 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of Boston Properties in the 3rd quarter valued at about $125,000. Americafirst Capital Management LLC bought a new stake in shares of Boston Properties in the 3rd quarter valued at about $169,000. Finally, Huntington National Bank lifted its stake in shares of Boston Properties by 397.1% in the 4th quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 1,219 shares during the last quarter. Hedge funds and other institutional investors own 95.87% 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.