Boston Properties (NYSE:BXP)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday. They currently have a $133.00 target price on the real estate investment trust’s stock, down from their prior target price of $136.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 6.34% from the stock’s current price.
Several other research analysts also recently commented on the stock. Evercore ISI raised shares of Boston Properties from an “in-line” rating to an “outperform” rating in a report on Monday, March 5th. Jefferies Group reaffirmed a “hold” rating on shares of Boston Properties in a report on Tuesday, February 27th. Argus reaffirmed a “buy” rating and issued a $138.00 price objective (down from $140.00) on shares of Boston Properties in a report on Monday, February 26th. Bank of America raised shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Thursday, February 15th. Finally, BMO Capital Markets set a $130.00 price objective on shares of Boston Properties and gave the stock a “hold” rating in a report on Monday, February 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $132.00.
Shares of Boston Properties (NYSE:BXP) traded down $0.19 during mid-day trading on Tuesday, hitting $125.07. 40,118 shares of the stock traded hands, compared to its average volume of 870,554. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.43 and a current ratio of 0.43. Boston Properties has a 12 month low of $111.57 and a 12 month high of $137.35. The stock has a market cap of $19,378.88, a price-to-earnings ratio of 42.75, a P/E/G ratio of 3.42 and a beta of 0.60.
Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.02. The company had revenue of $655.23 million during the quarter, compared to analyst estimates of $654.36 million. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. Boston Properties’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. equities research analysts anticipate that Boston Properties will post 6.32 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Boston Properties by 9.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,550 shares of the real estate investment trust’s stock valued at $1,542,000 after purchasing an additional 1,119 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Boston Properties by 16.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,264 shares of the real estate investment trust’s stock valued at $554,000 after purchasing an additional 607 shares during the period. Toronto Dominion Bank boosted its holdings in Boston Properties by 13.6% in the 4th quarter. Toronto Dominion Bank now owns 66,474 shares of the real estate investment trust’s stock valued at $8,644,000 after purchasing an additional 7,958 shares during the period. UBS Asset Management Americas Inc. boosted 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 valued at $98,382,000 after purchasing an additional 44,759 shares during the period. Finally, Barings LLC boosted its holdings in Boston Properties by 3.1% in the 3rd quarter. Barings LLC now owns 497,506 shares of the real estate investment trust’s stock valued at $61,134,000 after purchasing an additional 15,149 shares during the period. 95.34% of the stock is owned by hedge funds and other 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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