Boston Properties (NYSE:BXP) Rating Reaffirmed
In a note issued to clients on 27 November, The “Buy” rating of Boston Properties (NYSE:BXP) shares was reiterated at Argus, who now has a $137 Estimated Target Price on the stock. Argus’s Estimated Target Price could mean a possible upside of 8.89% from the close price of the company.
From a total of 11 analysts covering Boston Properties Inc. (NYSE:BXP) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 55% of the ratings are positive. The highest target price is $145 while the lowest target price is $120. The mean of all analyst targets is $136.68 with a 8.63% above today’s ($125.82) stock price. Boston Properties Inc. was the topic of 17 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Argus Research maintained shares on November 27 with “Buy” rating. Stifel Nicolaus maintained BXP stock in a recent report from November 3 with “Buy” rating. Finally, SunTrust maintained the stock with “Neutral” rating in a report issued on a September 3.
The stock increased 0.84% or $1.05 on November 27, striking $125.82. Approximately 257,866 shares of stock traded hands. Boston Properties, Inc. (NYSE:BXP) has declined 8.69% since April 27, 2015 and is downtrending. It has underperformed by 7.80% the S&P500.
Boston Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust . The company has a market cap of $19.16 billion. The Firm is engaged in owning and developing office properties in the United States. It has 31.75 P/E ratio. The Company’s properties are concentrated in four markets: Boston, New York, San Francisco and Washington, DC.
According to Zacks Investment Research, “Boston Properties is a fully integrated, self-administered and self- managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class-A office, industrial and hotel properties. The Company is one of the largest owners and developers of Class-A office properties in the United States, concentrated in four core markets — Boston, Midtown Manhattan, Washington, DC and San Francisco.” Get a free copy of the Zacks research report on Boston Properties, Inc. (BXP)