Boston Properties Inc (NYSE:BXP) Rating Reaffirmed
Recently, In a comprehensive report sent to investors and clients on Monday, 7 December, Boston Properties Inc (NYSE:BXP) shares have had their “Outperform” Rating reaffirmed by stock analysts at Credit Suisse, who currently has a $150.00 target on company. This target by Credit Suisse suggests the possibile upside of 20.35% from the last stock close.
From a total of 23 analysts covering Boston Properties Inc. (NYSE:BXP) stock, 18 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 72% of the ratings are positive. The highest target price is $159 while the lowest target price is $123. The mean of all analyst targets is $143.15 with a 9.84% above today’s ($124.54) stock price. Boston Properties Inc. was the topic of 18 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.
Approximately 303,755 shares of stock traded hands. Boston Properties, Inc. (NYSE:BXP) has declined 6.10% since May 4, 2015 and is downtrending. It has underperformed by 5.02% the S&P500.
The overall sentiment of institutions has decreased to 0.99 in Q2 2015. Its down 0.17, from 1.16 in 2015Q2. The ratio is negative, as 45 institutions have sold all the shares of Boston Properties, Inc. that they owned while 150 funds have taken shares off the table. 34 funds have purchased shares for the first time while 160 added to their positions. These institutions now hold 156.87 million shares or 7.14% more than the 146.42 million shares they owned in 2015Q2.
The Fund Green Street Investors Llc currently is holding shares equating to 9.04% of its total portfolio in Boston Properties, Inc. representing a total of 72,100 shares. Another fund,Aew Capital Management L P, is holding a total of 2.23 million shares equating to 6.18% of their holdings. Additionally, Eii Capital Management Inc. has a 282,800 share stake in Boston Properties, Inc. which represents 5.44% of their total portfolio. The Fund, Harrison Street Securities Llc, based out of Illinois, has also built up a stake in the stock, which represents a total of 4.85% of their total portfolio. Finally Apg Asset Management Us Inc., a fund which is based in the state of New York reported a total holdings of 4.54 million shares.
Boston Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust . The company has a market cap of $19.14 billion. The Firm is engaged in owning and developing office properties in the United States. It has 31.43 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).