Mizuho Reaffirms “Hold” Rating for Boston Properties, Inc. (BXP)

Boston Properties, Inc. (NYSE:BXP)‘s stock had its “hold” rating reiterated by analysts at Mizuho in a research note issued to investors on Friday, November 3rd. They presently have a $122.00 price objective on the real estate investment trust’s stock. Mizuho’s price objective indicates a potential downside of 2.40% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. TheStreet raised shares of Boston Properties from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. KeyCorp reissued a “hold” rating on shares of Boston Properties in a research report on Wednesday, October 4th. BidaskClub raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $121.00 price objective on shares of Boston Properties in a research report on Friday, July 14th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $130.00 price objective on shares of Boston Properties in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Boston Properties has a consensus rating of “Hold” and a consensus target price of $133.92.

Shares of Boston Properties (NYSE:BXP) traded down $0.20 on Friday, reaching $125.00. 351,615 shares of the company’s stock traded hands, compared to its average volume of 676,394. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.92. Boston Properties has a 12 month low of $116.77 and a 12 month high of $140.13. The firm has a market cap of $19,223.93, a PE ratio of 19.90, a P/E/G ratio of 3.56 and a beta of 0.63.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The firm had revenue of $657.70 million for the quarter, compared to analysts’ expectations of $649.84 million. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.42 EPS. sell-side analysts anticipate that Boston Properties will post 6.25 EPS for the current fiscal year.

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In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of Boston Properties stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total transaction of $730,859.40. Following the transaction, the insider now owns 585 shares of the company’s stock, valued at approximately $72,861.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Motco lifted its holdings in Boston Properties by 0.9% in the 2nd quarter. Motco now owns 3,617 shares of the real estate investment trust’s stock worth $445,000 after purchasing an additional 34 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Boston Properties by 1.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,574 shares of the real estate investment trust’s stock worth $440,000 after purchasing an additional 61 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in Boston Properties by 6.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,077 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 127 shares during the last quarter. MML Investors Services LLC lifted its holdings in Boston Properties by 7.3% in the 2nd quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 137 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Boston Properties by 1.9% in the 2nd quarter. HighTower Advisors LLC now owns 7,652 shares of the real estate investment trust’s stock worth $941,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 94.70% of the company’s stock.

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.

Analyst Recommendations for Boston Properties (NYSE:BXP)

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