Boston Properties, Inc. (BXP) Rating Reiterated by KeyCorp
Boston Properties, Inc. (NYSE:BXP)‘s stock had its “hold” rating reiterated by research analysts at KeyCorp in a research report issued to clients and investors on Wednesday.
Other analysts have also recently issued reports about the stock. TheStreet raised shares of Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and set a $150.00 price target on shares of Boston Properties in a research note on Wednesday, July 5th. BidaskClub raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Jefferies Group LLC reissued a “hold” rating and set a $121.00 price target on shares of Boston Properties in a research note on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $127.00 price objective on shares of Boston Properties in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Boston Properties presently has a consensus rating of “Hold” and a consensus target price of $134.55.
Boston Properties (BXP) traded up 1.26% during midday trading on Wednesday, reaching $126.63. The company’s stock had a trading volume of 747,661 shares. The firm has a 50-day moving average price of $121.37 and a 200 day moving average price of $124.36. Boston Properties has a 52-week low of $113.69 and a 52-week high of $140.13. The stock has a market capitalization of $19.54 billion, a price-to-earnings ratio of 42.93 and a beta of 0.65.
Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $656.90 million for the quarter, compared to analysts’ expectations of $645.96 million. During the same period in the prior year, the firm earned $1.44 earnings per share. Boston Properties’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts predict that Boston Properties will post $2.76 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently bought and sold shares of the business. Harbour Capital Advisors LLC raised its holdings in Boston Properties by 12,201.8% in the second quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 13,422 shares during the period. Sun Life Financial INC raised its holdings in Boston Properties by 10,118.2% in the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 1,113 shares during the period. Jane Street Group LLC acquired a new stake in Boston Properties in the first quarter worth $200,000. Garner Asset Management Corp acquired a new stake in Boston Properties in the second quarter worth $214,000. Finally, Clinton Group Inc. acquired a new stake in Boston Properties in the second quarter worth $236,000. Institutional investors own 94.59% of the company’s stock.
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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