Boston Properties (BXP) Given “Hold” Rating at Jefferies Group
Jefferies Group restated their hold rating on shares of Boston Properties (NYSE:BXP) in a report published on Tuesday. Jefferies Group also issued estimates for Boston Properties’ Q1 2018 earnings at $1.49 EPS, Q2 2018 earnings at $1.55 EPS, Q3 2018 earnings at $1.64 EPS, Q4 2018 earnings at $1.65 EPS, FY2018 earnings at $6.34 EPS, FY2019 earnings at $7.00 EPS and FY2020 earnings at $7.47 EPS.
A number of other research firms have also recently weighed in on BXP. Zacks Investment Research cut Boston Properties from a hold rating to a sell rating in a report on Tuesday, January 9th. BMO Capital Markets cut Boston Properties from an outperform rating to a market perform rating and set a $134.00 price target for the company. in a report on Tuesday, January 9th. They noted that the move was a valuation call. 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. Royal Bank of Canada set a $140.00 price target on Boston Properties and gave the stock a buy rating in a report on Monday, November 27th. Finally, Argus reduced their price target on Boston Properties to $140.00 and set a buy rating for the company in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $131.91.
Boston Properties (NYSE:BXP) opened at $118.93 on Tuesday. The firm has a market capitalization of $18,212.07, a PE ratio of 40.59, a P/E/G ratio of 3.22 and a beta of 0.60. Boston Properties has a fifty-two week low of $111.57 and a fifty-two week high of $137.35. The company has a quick ratio of 0.44, a current ratio of 0.43 and a debt-to-equity ratio of 0.92.
Several institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB raised its holdings in shares of Boston Properties by 9.9% during the fourth quarter. Xact Kapitalforvaltning AB now owns 29,420 shares of the real estate investment trust’s stock valued at $3,825,000 after acquiring an additional 2,645 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Boston Properties by 3.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,178 shares of the real estate investment trust’s stock valued at $2,624,000 after acquiring an additional 691 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of Boston Properties by 41.7% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,849 shares of the real estate investment trust’s stock valued at $1,281,000 after acquiring an additional 2,900 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Boston Properties by 37.7% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $501,000 after acquiring an additional 1,056 shares during the last quarter. Finally, Lake Street Advisors Group LLC acquired a new position in shares of Boston Properties during the fourth quarter valued at approximately $1,057,000. 94.98% of the stock is owned by institutional investors and hedge funds.
About Boston Properties
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.
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