Boston Properties (NYSE:BXP) had its price objective reduced by Barclays from $135.00 to $131.00 in a report released on Tuesday, January 30th. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Barclays’ price objective would suggest a potential upside of 16.87% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. SunTrust Banks set a $127.00 target price on shares of Boston Properties and gave the company a “hold” rating in a research note on Monday, January 22nd. Zacks Investment Research downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Robert W. Baird reissued a “hold” rating and issued a $125.00 target price on shares of Boston Properties in a research note on Tuesday, January 9th. BMO Capital Markets downgraded shares of Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 target price on the stock. in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Finally, Royal Bank of Canada set a $140.00 target price on shares of Boston Properties and gave the company a “buy” rating in a research note on Monday, November 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $131.20.

Shares of Boston Properties (NYSE:BXP) opened at $112.09 on Tuesday. Boston Properties has a 12 month low of $111.87 and a 12 month high of $140.13. The firm has a market cap of $17,796.79, a price-to-earnings ratio of 38.26, a PEG ratio of 3.26 and a beta of 0.58. The company has a quick ratio of 0.44, a current ratio of 0.43 and a debt-to-equity ratio of 0.92.

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, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.02. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The business had revenue of $655.23 million for the quarter, compared to the consensus estimate of $654.36 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. sell-side analysts expect that Boston Properties will post 6.33 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Amica Retiree Medical Trust purchased a new position in Boston Properties in the 3rd quarter worth about $105,000. NewSquare Capital LLC increased its stake in Boston Properties by 12,184.0% in the 3rd quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 121,840 shares during the period. Fieldpoint Private Securities LLC purchased a new position in Boston Properties in the 3rd quarter worth about $125,000. Sun Life Financial INC increased its stake in Boston Properties by 10,118.2% in the 2nd quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 1,113 shares during the period. Finally, Americafirst Capital Management LLC purchased a new position in Boston Properties in the 3rd quarter worth about $169,000. 95.87% of the stock is currently owned by institutional investors.

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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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