Boston Properties’ (BXP) “Hold” Rating Reaffirmed at SunTrust Banks, Inc.

Boston Properties, Inc. (NYSE:BXP)‘s stock had its “hold” rating reaffirmed by stock analysts at SunTrust Banks, Inc. in a report released on Monday. They currently have a $130.00 price objective on the real estate investment trust’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 2.43% from the stock’s current price.

BXP has been the topic of a number of other research reports. Barclays PLC cut their price target on shares of Boston Properties from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, August 31st. Royal Bank Of Canada lowered shares of Boston Properties from a “top pick” rating to an “outperform” rating and cut their price target for the company from $150.00 to $140.00 in a research note on Thursday, August 17th. BidaskClub lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Evercore ISI reaffirmed an “in-line” rating and issued a $133.00 price target (up previously from $127.00) on shares of Boston Properties in a research note on Friday. Finally, Zacks Investment Research lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $134.17.

Boston Properties (BXP) traded up 0.17% during midday trading on Monday, hitting $127.13. 456,963 shares of the stock were exchanged. The company has a 50 day moving average price of $121.54 and a 200 day moving average price of $124.32. Boston Properties has a one year low of $113.69 and a one year high of $140.13. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 43.09 and a beta of 0.65.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.05. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The firm had revenue of $656.90 million for the quarter, compared to analyst estimates of $645.96 million. During the same quarter in the previous year, the firm posted $1.44 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that Boston Properties will post $2.76 EPS for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of BXP. Teachers Advisors LLC increased its holdings in Boston Properties by 23.8% during the first quarter. Teachers Advisors LLC now owns 1,187,598 shares of the real estate investment trust’s stock worth $157,250,000 after buying an additional 228,052 shares during the last quarter. FDO Partners LLC acquired a new position in Boston Properties during the first quarter worth $324,000. WINTON GROUP Ltd acquired a new position in Boston Properties during the first quarter worth $1,529,000. Legal & General Group Plc increased its holdings in Boston Properties by 5.8% during the first quarter. Legal & General Group Plc now owns 1,099,463 shares of the real estate investment trust’s stock worth $145,577,000 after buying an additional 60,611 shares during the last quarter. Finally, Utah Retirement Systems increased its holdings in Boston Properties by 1.4% during the first quarter. Utah Retirement Systems now owns 35,137 shares of the re

BXP has been the topic of a number of other research reports. Barclays PLC cut their price target on shares of Boston Properties from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, August 31st. Royal Bank Of Canada lowered shares of Boston Properties from a “top pick” rating to an “outperform” rating and cut their price target for the company from $150.00 to $140.00 in a research note on Thursday, August 17th. BidaskClub lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Evercore ISI reaffirmed an “in-line” rating and issued a $133.00 price target (up previously from $127.00) on shares of Boston Properties in a research note on Friday. Finally, Zacks Investment Research lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $134.17.

Boston Properties (BXP) traded up 0.17% during midday trading on Monday, hitting $127.13. 456,963 shares of the stock were exchanged. The company has a 50 day moving average price of $121.54 and a 200 day moving average price of $124.32. Boston Properties has a one year low of $113.69 and a one year high of $140.13. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 43.09 and a beta of 0.65.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.05. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The firm had revenue of $656.90 million for the quarter, compared to analyst estimates of $645.96 million. During the same quarter in the previous year, the firm posted $1.44 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that Boston Properties will post $2.76 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/09/boston-properties-bxp-hold-rating-reaffirmed-at-suntrust-banks-inc.html.

A number of institutional investors and hedge funds have recently modified their holdings of BXP. Teachers Advisors LLC increased its holdings in Boston Properties by 23.8% during the first quarter. Teachers Advisors LLC now owns 1,187,598 shares of the real estate investment trust’s stock worth $157,250,000 after buying an additional 228,052 shares during the last quarter. FDO Partners LLC acquired a new position in Boston Properties during the first quarter worth $324,000. WINTON GROUP Ltd acquired a new position in Boston Properties during the first quarter worth $1,529,000. Legal & General Group Plc increased its holdings in Boston Properties by 5.8% during the first quarter. Legal & General Group Plc now owns 1,099,463 shares of the real estate investment trust’s stock worth $145,577,000 after buying an additional 60,611 shares during the last quarter. Finally, Utah Retirement Systems increased its holdings in Boston Properties by 1.4% during the first quarter. Utah Retirement Systems now owns 35,137 shares of the real estate investment trust’s stock worth $4,653,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 94.59% 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.

Analyst Recommendations for Boston Properties (NYSE:BXP)

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