Boston Properties (NYSE:BXP) Getting Somewhat Favorable Press Coverage, Report Shows
News stories about Boston Properties (NYSE:BXP) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Boston Properties earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 98 out of 100, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Edited Transcript of BXP earnings conference call or presentation 2-Aug-17 2:00pm GMT (finance.yahoo.com)
- Boston Properties, Inc. (BXP) Issues Quarterly Earnings Results (americanbankingnews.com)
- Canada Pension Plan Investment Board Modifies Its Holdings in Boston Properties, Inc. (BXP) (highlightpress.com)
- Boston Properties Inc. Q2 Income Climbs 17% (markets.businessinsider.com)
- Boston Properties Announces Second Quarter 2017 Results (finance.yahoo.com)
A number of research analysts have recently weighed in on BXP shares. BMO Capital Markets reiterated a “buy” rating and set a $145.00 price target on shares of Boston Properties in a report on Wednesday, April 5th. Barclays PLC boosted their target price on Boston Properties from $139.00 to $141.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Evercore ISI reaffirmed an “in-line” rating and issued a $133.00 price target (down previously from $138.00) on shares of Boston Properties in a research report on Friday, April 28th. TheStreet cut Boston Properties from a “b-” rating to a “c” rating in a research report on Wednesday, May 17th. Finally, BidaskClub raised Boston Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $137.92.
Boston Properties (NYSE:BXP) traded up 1.54% on Thursday, hitting $123.71. The stock had a trading volume of 694,803 shares. Boston Properties has a 1-year low of $113.69 and a 1-year high of $144.02. The firm has a market capitalization of $19.03 billion, a price-to-earnings ratio of 40.56 and a beta of 0.64. The company’s 50 day moving average is $122.34 and its 200-day moving average is $128.10.
Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, topping the consensus estimate of $1.62 by $0.05. The company had revenue of $656.90 million during the quarter, compared to analyst estimates of $645.96 million. Boston Properties had a return on equity of 6.02% and a net margin of 18.18%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS. On average, analysts forecast that Boston Properties will post $2.73 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a $0.75 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $3.00 annualized dividend and a dividend yield of 2.43%. Boston Properties’s payout ratio is 102.04%.
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.
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