Boston Properties (NYSE:BXP) PT Raised to $148.00

Boston Properties (NYSE:BXP) had its price objective increased by research analysts at Deutsche Bank from $145.00 to $148.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank’s price objective points to a potential upside of 15.44% from the company’s previous close.

A number of other brokerages have also recently commented on BXP. Robert W. Baird set a $152.00 target price on shares of Boston Properties and gave the company a “buy” rating in a report on Wednesday, August 21st. Morgan Stanley upgraded shares of Boston Properties from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $123.00 to $126.00 in a report on Tuesday, September 10th. They noted that the move was a valuation call. Citigroup dropped their target price on shares of Boston Properties from $142.00 to $131.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Finally, ValuEngine lowered Boston Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $138.88.

Shares of BXP stock opened at $128.20 on Thursday. Boston Properties has a 12 month low of $107.84 and a 12 month high of $140.35. The stock has a market cap of $19.76 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 2.93 and a beta of 0.87. The company has a current ratio of 4.58, a quick ratio of 4.58 and a debt-to-equity ratio of 1.51. The company’s fifty day moving average price is $129.14 and its 200-day moving average price is $131.85.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $1.06 EPS for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.68). Boston Properties had a net margin of 18.96% and a return on equity of 6.80%. The business had revenue of $733.74 million for the quarter, compared to the consensus estimate of $725.14 million. During the same quarter last year, the firm posted $0.83 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts forecast that Boston Properties will post 6.99 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. 6 Meridian raised its position in Boston Properties by 2.1% in the 2nd quarter. 6 Meridian now owns 4,027 shares of the real estate investment trust’s stock worth $519,000 after buying an additional 82 shares during the last quarter. Hartford Investment Management Co. raised its position in Boston Properties by 0.6% in the 2nd quarter. Hartford Investment Management Co. now owns 16,979 shares of the real estate investment trust’s stock worth $2,190,000 after buying an additional 98 shares during the last quarter. World Asset Management Inc raised its position in Boston Properties by 0.9% in the 2nd quarter. World Asset Management Inc now owns 11,920 shares of the real estate investment trust’s stock worth $1,538,000 after buying an additional 101 shares during the last quarter. NEXT Financial Group Inc raised its position in Boston Properties by 20.6% in the 2nd quarter. NEXT Financial Group Inc now owns 610 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 104 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its position in Boston Properties by 0.3% in the 2nd quarter. First Republic Investment Management Inc. now owns 45,069 shares of the real estate investment trust’s stock worth $5,814,000 after buying an additional 114 shares during the last quarter. 91.05% of the stock is owned by hedge funds and other institutional investors.

Boston Properties Company Profile

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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