Somewhat Favorable News Coverage Somewhat Unlikely to Impact Boston Properties (BXP) Stock Price
News coverage about Boston Properties (NYSE:BXP) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Boston Properties earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.7757077157474 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts recently issued reports on the company. Barclays PLC decreased their price target on Boston Properties from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday. Royal Bank Of Canada downgraded Boston Properties from a “top pick” rating to an “outperform” rating and decreased their price target for the stock from $150.00 to $140.00 in a report on Thursday, August 17th. BidaskClub downgraded Boston Properties from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Boston Properties from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, TheStreet downgraded Boston Properties from a “b-” rating to a “c” rating in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $134.55.
Boston Properties (NYSE BXP) traded up 0.34% on Thursday, reaching $120.60. The company’s stock had a trading volume of 830,023 shares. The company’s 50 day moving average price is $120.99 and its 200-day moving average price is $126.69. Boston Properties has a 12-month low of $113.69 and a 12-month high of $143.65. The stock has a market cap of $18.61 billion, a PE ratio of 40.88 and a beta of 0.64.
Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.05. The business 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 5.98% and a net margin of 18.18%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 EPS. On average, equities analysts expect that Boston Properties will post $2.78 EPS for the current year.
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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.
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