Boston Properties (NYSE:BXP) was upgraded by equities research analysts at Bank of America to a “buy” rating in a report released on Thursday. The firm currently has a $145.00 price target on the real estate investment trust’s stock. Bank of America’s price objective indicates a potential upside of 25.58% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $134.00 target price on shares of Boston Properties in a research report on Thursday, February 1st. Edward Jones raised Boston Properties from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. KeyCorp reaffirmed a “hold” rating on shares of Boston Properties in a research report on Friday, November 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $124.00 target price on shares of Boston Properties in a research report on Tuesday, October 24th. Finally, Argus dropped their target price on Boston Properties to $140.00 and set a “buy” rating for the company in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $132.09.

Shares of Boston Properties (BXP) opened at $115.46 on Thursday. The company has a current ratio of 0.43, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $17,931.06, a PE ratio of 39.41, a P/E/G ratio of 3.28 and a beta of 0.58. Boston Properties has a 52-week low of $111.57 and a 52-week high of $140.13.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.02. The firm had revenue of $655.23 million during the quarter, compared to the consensus estimate of $654.36 million. Boston Properties had a return on equity of 5.86% and a net margin of 17.67%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the company earned $0.94 EPS. analysts predict that Boston Properties will post 6.33 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Boston Properties by 2.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 17,246 shares of the real estate investment trust’s stock valued at $2,128,000 after buying an additional 400 shares during the period. Advisor Partners LLC boosted its stake in shares of Boston Properties by 22.3% in the 4th quarter. Advisor Partners LLC now owns 2,353 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 429 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Boston Properties by 0.4% in 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 during the period. FDx Advisors Inc. boosted its stake in shares of Boston Properties by 19.2% in the 3rd quarter. FDx Advisors Inc. now owns 3,008 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 484 shares during the period. Finally, Stephens Inc. AR boosted its stake in shares of Boston Properties by 1.7% in the 3rd quarter. Stephens Inc. AR now owns 29,551 shares of the real estate investment trust’s stock valued at $3,631,000 after buying an additional 489 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

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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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