Weekly Research Analysts’ Ratings Changes for Boston Properties (BXP)

Boston Properties (NYSE: BXP) recently received a number of ratings updates from brokerages and research firms:

  • 1/9/2019 – Boston Properties was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating. They now have a $130.00 price target on the stock.
  • 1/8/2019 – Boston Properties was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $142.00 price target on the stock.
  • 1/3/2019 – Boston Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Boston Properties have underperformed its industry over the past three months. Moreover, the trend in 2019 funds from operations (FFO) per share estimate revision does not indicate a favorable outlook for the company. Boston Properties’ recent lease agreement with Millennium Management for office space at 399 Park Avenue enabled it to attain 93% lease rate. Notably, its Class A office assets located in top-tier gateway cities, along with a diversified tenant and industry base, will likely drive its growth amid an improving economy and favorable job market environment. Also, efforts to reposition its portfolio through accretive acquisitions and monetizing of non-core assets bode well for the company in the long-term. Yet, escalating supply of office space is expected to affect its pricing power. Also, geographic concentration of the company’s assets makes it susceptible to economic downturns in these regions.”
  • 12/31/2018 – Boston Properties had its “buy” rating reaffirmed by analysts at Zacks Investment Research. They now have a $132.00 price target on the stock. According to Zacks, “Shares of Boston Properties have underperformed its industry over the past six months. However, the trend in 2018 funds from operations (FFO) per share estimate revisions indicates a favorable outlook for the company. Notably, Boston Properties’ Class A office assets located in top-tier gateway cities along with a diversified tenant and industry base will likely drive its long-term growth. Also, efforts to reposition its portfolio through accretive acquisitions and monetizing of non-core assets are anticipated to benefit the company in the long-term. Nonetheless, increase in supply of office space is expected to affect its pricing power. Additionally, geographic concentration of the company’s assets makes it susceptible to economic downturns in these regions. Further, rising interest rates remains a concern.”
  • 12/19/2018 – Boston Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Boston Properties have outperformed its industry over the past six months. Further, the trend in 2018 funds from operations (FFO) per share estimate revisions indicates a favorable outlook for the company. Notably, Boston Properties’ Class A office assets located in top-tier gateway cities along with a diversified tenant and industry base will likely drive its long-term growth. Also, efforts to reposition its portfolio through accretive acquisitions and monetizing of non-core assets is anticipated to benefit the company in the long-term. Nonetheless, increase in supply of office space is expected to affect its pricing power. Additionally, geographic concentration of the company’s assets makes it susceptible to economic downturns in these regions. Further, rising interest rates remains a concern.”
  • 12/17/2018 – Boston Properties had its price target raised by analysts at Morgan Stanley from $118.00 to $130.00. They now have an “equal weight” rating on the stock.
  • 12/12/2018 – Boston Properties was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $142.00 price target on the stock. According to Zacks, “Shares of Boston Properties have outperformed its industry over the past six months. Further, the trend in 2018 funds from operations (FFO) per share estimate revisions indicates a favorable outlook for the company. Notably, the company’s Class A office assets located in top-tier gateway cities along with a diversified tenant and industry base will likely drive its long-term growth. Also, efforts to reposition its portfolio through accretive acquisitions and monetizing of non-core assets are anticipated to benefit the company in the long-term. Further, recovery in the economy and job market is expected to boost demand for the company’s office properties. Nonetheless, geographic concentration of its assets and rising interest rates remain concerns.”
  • 12/10/2018 – Boston Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Boston Properties have outperformed its industry over the past six months. Further, the trend in 2018 funds from operations (FFO) per share estimate revisions indicates a favorable outlook for the company. Notably, Boston Properties’ Class A office assets located in top-tier gateway cities along with a diversified tenant and industry base will likely drive its long-term growth. Also, efforts to reposition its portfolio through accretive acquisitions and monetizing of non-core assets is anticipated to benefit the company in the long-term. Nonetheless, increase in supply of office space is expected to affect its pricing power. Additionally, geographic concentration of the company’s assets makes it susceptible to economic downturns in these regions. Further, rising interest rates remains a concern.”
  • 12/3/2018 – Boston Properties was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $147.00 price target on the stock. According to Zacks, “Shares of Boston Properties have outperformed its industry over the past month. Further, the trend in 2018 funds from operations (FFO) per share estimate revisions indicates a favorable outlook for the company. Notably, the company’s Class A office assets located in top-tier gateway cities along with a diversified tenant and industry base will likely drive its long-term growth. Also, efforts to reposition its portfolio through accretive acquisitions and monetizing of non-core assets are anticipated to benefit the company in the long-term. Nonetheless, geographic concentration of its assets and rising interest rates remain concerns.”
  • 11/30/2018 – Boston Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Boston Properties have outperformed its industry over the past year. Further, the trend in 2018 funds from operations (FFO) per share estimate revisions indicates a favorable outlook for the company. In a bid to finance its green projects, the company recently priced senior unsecured notes worth $1 billion. Notably, Boston Properties’ Class A office assets located in top-tier gateway cities along with a diversified tenant and industry base will likely drive its long-term growth. Also, efforts to reposition its portfolio through accretive acquisitions and monetizing of non-core assets is anticipated to benefit the company in the long-term. Nonetheless, increase in supply of office space is expected to affect its pricing power. Additionally, geographic concentration and rising interest rates remain concerns.”
  • 11/26/2018 – Boston Properties was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $141.00 price target on the stock. According to Zacks, “Shares of Boston Properties have outperformed its industry over the past year. Further, the trend in 2018 funds from operations (FFO) per share estimate revisions indicates a favorable outlook for the company. In a bid to finance its green projects, the company recently priced senior unsecured notes worth $1 billion. Notably, the company’s Class A office assets located in top-tier gateway cities along with a diversified tenant and industry base will likely drive its long-term growth. Also, efforts to reposition its portfolio through accretive acquisitions and monetizing of non-core assets are anticipated to benefit the company in the long-term. Nonetheless, geographic concentration of its assets and rising interest rates remain concerns.”
  • 11/25/2018 – Boston Properties had its price target lowered by analysts at SunTrust Banks, Inc. from $137.00 to $135.00. They now have a “hold” rating on the stock.
  • 11/22/2018 – Boston Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Boston Properties have outperformed its industry over the past six months. Further, the trend in 2018 funds from operations (FFO) per share estimate revisions indicates a favorable outlook for the company. In a bid to finance its green projects, the company recently priced senior unsecured notes worth $1 billion. Notably, Boston Properties’ Class A office assets located in top-tier gateway cities along with a diversified tenant and industry base will likely drive its long-term growth. Also, efforts to reposition its portfolio through accretive acquisitions and monetizing of non-core assets is anticipated to benefit the company in the long-term. Nonetheless, increase in supply of office space is expected to affect its pricing power. Additionally, geographic concentration and rising interest rates remain concerns.”
  • 11/20/2018 – Boston Properties was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $141.00 price target on the stock. According to Zacks, “Shares of Boston Properties have outperformed its industry over the past year. Further, the trend in 2018 funds from operations (FFO) per share estimate revisions indicates a favorable outlook for the company. In a bid to finance its green projects, the company recently priced senior unsecured notes worth $1 billion. Notably, the company’s Class A office assets located in top-tier gateway cities along with a diversified tenant and industry base will likely drive its long-term growth. Also, efforts to reposition its portfolio through accretive acquisitions and monetizing of non-core assets are anticipated to benefit the company in the long-term. Nonetheless, geographic concentration of its assets and rising interest rates remain concerns.”
  • 11/19/2018 – Boston Properties was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $145.00 price target on the stock, up previously from $135.00.
  • 11/16/2018 – Boston Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Boston Properties have outperformed its industry over the past month. Further, the trend in 2018 funds from operations (FFO) per share estimate revisions indicates a favorable outlook for the company. In a bid to finance its green projects, the company recently priced senior unsecured notes worth $1 billion. Notably, the company’s Class A office assets located in top-tier gateway cities along with a diversified tenant and industry base will likely drive its long-term growth. Also, efforts to reposition its portfolio through accretive acquisitions and monetizing of non-core assets is anticipated to benefit the company in the long-term. Nonetheless, increase in supply of office space is expected to affect its pricing power. Additionally, geographic concentration and rising interest rates remain concerns.”

Shares of BXP stock traded down $0.96 during trading on Monday, reaching $118.19. The company’s stock had a trading volume of 15,490 shares, compared to its average volume of 761,638. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.74 and a current ratio of 3.74. The stock has a market capitalization of $18.14 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 2.74 and a beta of 0.74. Boston Properties, Inc. has a 1-year low of $107.84 and a 1-year high of $132.82.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The firm had revenue of $686.28 million during the quarter, compared to analysts’ expectations of $674.30 million. Boston Properties had a net margin of 20.18% and a return on equity of 6.75%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, research analysts forecast that Boston Properties, Inc. will post 6.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 30th. Investors of record on Monday, December 31st will be issued a $0.95 dividend. The ex-dividend date is Friday, December 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. This is a boost from Boston Properties’s previous quarterly dividend of $0.80.

A number of hedge funds and other institutional investors have recently bought and sold shares of BXP. TLP Group LLC purchased a new stake in shares of Boston Properties during the 3rd quarter worth approximately $104,000. Checchi Capital Advisers LLC purchased a new stake in shares of Boston Properties during the 3rd quarter worth approximately $202,000. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Boston Properties during the 3rd quarter worth approximately $209,000. Atria Investments LLC purchased a new stake in shares of Boston Properties during the 3rd quarter worth approximately $226,000. Finally, MML Investors Services LLC purchased a new stake in shares of Boston Properties during the 3rd quarter worth approximately $235,000. Institutional investors own 95.62% of the company’s stock.

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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