Boston Properties (NYSE:BXP) was upgraded by investment analysts at DA Davidson from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a $145.00 target price on the real estate investment trust’s stock, up from their previous target price of $135.00. DA Davidson’s price objective suggests a potential upside of 15.59% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. upgraded Boston Properties from a “neutral” rating to an “overweight” rating in a research report on Friday, October 5th. Scotiabank started coverage on Boston Properties in a research report on Tuesday, October 16th. They issued a “sector perform” rating on the stock. Jefferies Financial Group upgraded Boston Properties from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a research report on Monday, October 15th. Barclays reiterated a “buy” rating and issued a $125.00 price target on shares of Boston Properties in a research report on Sunday, October 14th. Finally, SunTrust Banks upped their price target on Boston Properties to $137.00 and gave the company a “hold” rating in a research report on Monday, August 20th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Boston Properties presently has a consensus rating of “Buy” and an average target price of $135.86.

Shares of NYSE:BXP opened at $125.44 on Monday. Boston Properties has a fifty-two week low of $111.57 and a fifty-two week high of $132.82. The firm has a market capitalization of $19.40 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 3.29 and a beta of 0.57. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 1.36.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results 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. Boston Properties had a return on equity of 6.75% and a net margin of 20.18%. The firm had revenue of $686.28 million for the quarter, compared to analysts’ expectations of $674.30 million. During the same period in the prior year, the business posted $0.76 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, research analysts predict that Boston Properties will post 6.39 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. TLP Group LLC bought a new stake in shares of Boston Properties during the third quarter worth $104,000. Checchi Capital Advisers LLC bought a new stake in shares of Boston Properties during the third quarter worth $202,000. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of Boston Properties during the third quarter worth $209,000. Piedmont Investment Advisors LLC bought a new stake in shares of Boston Properties during the second quarter worth $227,000. Finally, Atria Investments LLC bought a new stake in shares of Boston Properties during the third quarter worth $226,000. Institutional investors own 96.30% of the company’s stock.

About Boston Properties

Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.

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Analyst Recommendations for Boston Properties (NYSE:BXP)

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