Morgan Stanley upgraded shares of Boston Properties (NYSE:BXP) from an underweight rating to an equal weight rating in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. The firm currently has $126.00 price target on the real estate investment trust’s stock, up from their previous price target of $123.00. The analysts noted that the move was a valuation call.

A number of other equities analysts also recently issued reports on BXP. Citigroup reduced their price target on Boston Properties from $142.00 to $131.00 and set a neutral rating on the stock in a research report on Wednesday, August 14th. Robert W. Baird set a $152.00 price target on Boston Properties and gave the stock a buy rating in a research report on Wednesday, August 21st. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $138.04.

Boston Properties stock opened at $133.43 on Tuesday. The business has a fifty day moving average of $128.99 and a two-hundred day moving average of $132.35. The company has a quick ratio of 4.58, a current ratio of 4.58 and a debt-to-equity ratio of 1.51. The firm has a market cap of $20.23 billion, a P/E ratio of 21.18, a P/E/G ratio of 3.01 and a beta of 0.88. Boston Properties has a twelve month low of $107.84 and a twelve month high of $140.35.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.68). The company had revenue of $733.74 million for the quarter, compared to analysts’ expectations of $725.14 million. Boston Properties had a return on equity of 6.80% and a net margin of 18.96%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. Equities analysts expect that Boston Properties will post 7.03 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. 6 Meridian increased its position in shares of Boston Properties by 2.1% in the 2nd quarter. 6 Meridian now owns 4,027 shares of the real estate investment trust’s stock valued at $519,000 after acquiring an additional 82 shares during the period. Stevens Capital Management LP acquired a new position in shares of Boston Properties in the 1st quarter valued at $1,703,000. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Boston Properties by 132.1% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 76,663 shares of the real estate investment trust’s stock valued at $10,263,000 after acquiring an additional 43,637 shares during the period. Wetherby Asset Management Inc. increased its position in shares of Boston Properties by 6.3% in the 2nd quarter. Wetherby Asset Management Inc. now owns 2,262 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 135 shares during the period. Finally, AMF Pensionsforsakring AB increased its position in shares of Boston Properties by 2.8% in the 2nd quarter. AMF Pensionsforsakring AB now owns 230,854 shares of the real estate investment trust’s stock valued at $29,780,000 after acquiring an additional 6,254 shares during the period. 90.58% of the stock is currently owned by institutional investors and hedge funds.

Boston Properties Company Profile

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

Further Reading: Diluted Earnings Per Share

Analyst Recommendations for Boston Properties (NYSE:BXP)

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