Boston Properties (NYSE:BXP)‘s stock had its “buy” rating reissued by equities researchers at Argus in a research note issued on Monday, MarketBeat Ratings reports. They presently have a $138.00 price target on the real estate investment trust’s stock, down from their prior price target of $140.00. Argus’ price target points to a potential upside of 14.89% from the company’s previous close.
Several other equities analysts have also recently commented on the company. BMO Capital Markets cut Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 target price for the company. in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Zacks Investment Research cut Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Mizuho reiterated a “hold” rating and issued a $122.00 price objective on shares of Boston Properties in a report on Friday, November 3rd. Royal Bank of Canada set a $140.00 price objective on Boston Properties and gave the stock a “buy” rating in a report on Monday, November 27th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $125.00 price objective on shares of Boston Properties in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Boston Properties currently has a consensus rating of “Hold” and a consensus target price of $131.91.
Boston Properties (BXP) traded down $1.31 during trading on Monday, reaching $120.12. The company had a trading volume of 470,038 shares, compared to its average volume of 918,486. Boston Properties has a twelve month low of $111.57 and a twelve month high of $139.72. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.43. The stock has a market capitalization of $18,668.73, a PE ratio of 41.11, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58.
Several institutional investors and hedge funds have recently bought and sold shares of BXP. Daiwa Securities Group Inc. lifted its stake in shares of Boston Properties by 6,461.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,815,988 shares of the real estate investment trust’s stock valued at $236,133,000 after acquiring an additional 1,788,312 shares during the last quarter. PGGM Investments lifted its stake in shares of Boston Properties by 33.2% in the 4th quarter. PGGM Investments now owns 2,950,000 shares of the real estate investment trust’s stock valued at $383,588,000 after acquiring an additional 734,542 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Boston Properties by 44.4% in the 3rd quarter. American Century Companies Inc. now owns 1,420,314 shares of the real estate investment trust’s stock valued at $174,528,000 after acquiring an additional 436,901 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Boston Properties by 173.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 621,030 shares of the real estate investment trust’s stock valued at $76,326,000 after acquiring an additional 393,612 shares during the last quarter. Finally, Resolution Capital Ltd lifted its stake in shares of Boston Properties by 100.9% in the 4th quarter. Resolution Capital Ltd now owns 505,898 shares of the real estate investment trust’s stock valued at $65,782,000 after acquiring an additional 254,092 shares during the last quarter. Hedge funds and other institutional investors own 94.98% of the company’s stock.
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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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