Boston Properties, Inc. received a “outperform” reiteration today from securities research analysts at investment firm FBR Capital. FBR also raised their performance outlook for Boston Properties by adjusting their price target a few dollars from $114 to $118 dollars. FBR noted that Boston Properties’s Manhattan properties will perform better than the United States average.
BXP has seen solid share valuation growth throughout 2011 trading to date. Shares have largely trended above its 50-day moving average with only brief spells beneath it, and today is one of those days. Shares have nearly doubled in value since July trading of 2010. With market sentiment being to the downside for most of this year, BXP has proven to be a performer stacked against the market average.
Boston Properties is slated to release their next earnings report on July 26th, 2011, and is estimated to post EPS of $1.18. Their last earnings report was released on May 2nd, 2011, and announced EPS of $1.13 with revenue totaling $404.5 million which was up 11.4 % year to year. Boston Properties is currently trading between its 50 & 200-day moving averages and 2011 is currently an up year for the company.
Boston Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust, or “REIT,” and one of the largest owners and developers of office properties in the United States. The company has market capitalization of $14,711,019,840 and 145,596,000 shares outstanding. BXP has a 52-week high of $108.35 with the low being $68.47 dollars.