Boston Properties (NYSE:BXP) has been given a $130.00 price target by investment analysts at BMO Capital Markets in a report released on Monday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective points to a potential upside of 12.91% from the stock’s current price.
A number of other research analysts have also recently weighed in on the company. Zacks Investment Research cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Argus lowered their price objective on Boston Properties to $140.00 and set a “buy” rating on the stock in a research report on Thursday, November 16th. Jefferies Group reaffirmed a “hold” rating and set a $124.00 price objective on shares of Boston Properties in a research report on Tuesday, October 24th. Mizuho reaffirmed a “hold” rating and set a $122.00 price objective on shares of Boston Properties in a research report on Friday, November 3rd. Finally, Royal Bank of Canada set a $140.00 price objective on Boston Properties and gave the company a “buy” rating in a research report on Monday, November 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $130.80.
Boston Properties (BXP) traded down $0.21 during mid-day trading on Monday, hitting $115.14. The stock had a trading volume of 827,079 shares, compared to its average volume of 947,906. Boston Properties has a 12-month low of $111.57 and a 12-month high of $140.13. The company has a current ratio of 0.43, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92. The stock has a market cap of $17,801.42, a PE ratio of 39.30, a P/E/G ratio of 3.26 and a beta of 0.58.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Carillon Tower Advisers Inc. purchased a new position in Boston Properties in the 4th quarter worth approximately $2,065,000. Eaton Vance Management lifted its holdings in Boston Properties by 13.5% in the 4th quarter. Eaton Vance Management now owns 452,551 shares of the real estate investment trust’s stock worth $58,846,000 after purchasing an additional 53,662 shares in the last quarter. Norinchukin Bank The lifted its holdings in Boston Properties by 7.4% in the 4th quarter. Norinchukin Bank The now owns 12,338 shares of the real estate investment trust’s stock worth $1,604,000 after purchasing an additional 852 shares in the last quarter. American International Group Inc. lifted its holdings in Boston Properties by 11.2% in the 4th quarter. American International Group Inc. now owns 57,854 shares of the real estate investment trust’s stock worth $7,523,000 after purchasing an additional 5,827 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Boston Properties by 6.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 756,613 shares of the real estate investment trust’s stock worth $98,382,000 after purchasing an additional 44,759 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.
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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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