Boston Properties (BXP) Price Target Raised to $134.00

Boston Properties (NYSE:BXP) had its price target raised by Deutsche Bank from $133.00 to $134.00 in a research note issued on Tuesday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank’s target price would indicate a potential upside of 7.05% from the stock’s previous close.

BXP has been the subject of several other reports. Evercore ISI raised shares of Boston Properties from an “in-line” rating to an “outperform” rating in a report on Monday, March 5th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Boston Properties in a report on Tuesday, February 27th. ValuEngine raised shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Sunday. Citigroup cut their price objective on shares of Boston Properties from $129.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday, May 2nd. Finally, Argus reaffirmed a “buy” rating and issued a $138.00 price objective (down from $140.00) on shares of Boston Properties in a report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $132.08.

Boston Properties stock opened at $125.17 on Tuesday. Boston Properties has a twelve month low of $111.57 and a twelve month high of $132.00. The company has a market cap of $19.39 billion, a PE ratio of 20.19, a P/E/G ratio of 3.49 and a beta of 0.57. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 1.29.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, April 24th. The real estate investment trust reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.50. The firm had revenue of $661.20 million during the quarter, compared to the consensus estimate of $648.23 million. Boston Properties had a net margin of 20.48% and a return on equity of 6.81%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. equities analysts expect that Boston Properties will post 6.32 EPS for the current fiscal year.

In other Boston Properties news, insider Bryan J. Koop sold 10,560 shares of the stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $124.27, for a total value of $1,312,291.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Fin Capital Inc. raised its position in shares of Boston Properties by 8.4% during the 1st quarter. Blue Fin Capital Inc. now owns 5,825 shares of the real estate investment trust’s stock valued at $717,000 after buying an additional 450 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Boston Properties by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 110,961 shares of the real estate investment trust’s stock valued at $14,428,000 after buying an additional 476 shares in the last quarter. Concentric Wealth Management LLC raised its position in shares of Boston Properties by 4.7% during the 1st quarter. Concentric Wealth Management LLC now owns 11,200 shares of the real estate investment trust’s stock valued at $1,380,000 after buying an additional 505 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of Boston Properties by 0.5% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 101,609 shares of the real estate investment trust’s stock valued at $13,211,000 after buying an additional 554 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Boston Properties by 1.3% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 46,029 shares of the real estate investment trust’s stock valued at $5,672,000 after buying an additional 584 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

Boston Properties Company Profile

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including nine properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.

Analyst Recommendations for Boston Properties (NYSE:BXP)

Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply