Boston Properties (BXP) Given a $127.00 Price Target at SunTrust Banks

Boston Properties (NYSE:BXP) has been given a $127.00 target price by SunTrust Banks in a research report issued to clients and investors on Monday, January 22nd. The firm presently has a “hold” rating on the real estate investment trust’s stock. SunTrust Banks’ price target would indicate a potential upside of 9.99% from the company’s current price. SunTrust Banks also issued estimates for Boston Properties’ FY2017 earnings at $6.20 EPS.

A number of other equities research analysts have also recently commented on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $125.00 price target on shares of Boston Properties in a report on Tuesday, January 9th. Argus lowered their price target on shares of Boston Properties to $140.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Evercore ISI reaffirmed an “in-line” rating and issued a $133.00 price target (up previously from $127.00) on shares of Boston Properties in a report on Friday, October 6th. KeyCorp reissued a “hold” rating on shares of Boston Properties in a report on Friday, November 3rd. Finally, Mizuho reissued a “hold” rating and set a $122.00 target price on shares of Boston Properties in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $130.80.

Boston Properties (NYSE BXP) traded down $0.73 during mid-day trading on Monday, reaching $115.46. The company’s stock had a trading volume of 1,006,285 shares, compared to its average volume of 943,035. The firm has a market cap of $17,769.02, a P/E ratio of 39.66, a P/E/G ratio of 3.25 and a beta of 0.58. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.43 and a quick ratio of 0.44. Boston Properties has a fifty-two week low of $111.57 and a fifty-two week high of $140.13.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.02. Boston Properties had a return on equity of 5.86% and a net margin of 17.67%. The firm had revenue of $655.23 million for the quarter, compared to the consensus estimate of $654.36 million. During the same quarter in the previous year, the business earned $0.94 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. equities research analysts expect that Boston Properties will post 6.33 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. MML Investors Services LLC raised its stake in shares of Boston Properties by 7.3% during the second quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 137 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Boston Properties by 1.9% during the second quarter. HighTower Advisors LLC now owns 7,652 shares of the real estate investment trust’s stock valued at $941,000 after acquiring an additional 140 shares during the last quarter. Millie Capital Management LLC raised its stake in shares of Boston Properties by 3.4% during the second quarter. Millie Capital Management LLC now owns 4,473 shares of the real estate investment trust’s stock valued at $550,000 after acquiring an additional 146 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Boston Properties by 4.8% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,292 shares of the real estate investment trust’s stock valued at $405,000 after acquiring an additional 150 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of Boston Properties by 0.8% during the second quarter. Mutual of America Capital Management LLC now owns 20,682 shares of the real estate investment trust’s stock valued at $2,544,000 after acquiring an additional 167 shares during the last quarter. Institutional investors own 95.83% 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.

Analyst Recommendations for Boston Properties (NYSE:BXP)

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