Boston Properties (BXP) Raised to “Buy” at ValuEngine

Boston Properties (NYSE:BXP) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday, February 4th.

BXP has been the subject of several other research reports. Zacks Investment Research lowered Boston Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, December 19th. SunTrust Banks dropped their price objective on Boston Properties from $137.00 to $135.00 and set a “hold” rating for the company in a research note on Sunday, November 25th. Morgan Stanley lifted their price objective on Boston Properties from $118.00 to $130.00 and gave the company an “equal weight” rating in a research note on Monday, December 17th. BMO Capital Markets reaffirmed a “hold” rating and set a $135.00 price target on shares of Boston Properties in a research note on Tuesday, January 29th. They noted that the move was a valuation call. Finally, BTIG Research lifted their price target on Boston Properties to $145.00 and gave the stock a “buy” rating in a research note on Thursday, January 31st. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Boston Properties currently has a consensus rating of “Buy” and an average price target of $136.38.

NYSE:BXP traded down $0.86 during trading hours on Monday, hitting $131.83. 995,702 shares of the company’s stock traded hands, compared to its average volume of 664,147. The firm has a market capitalization of $20.95 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 3.14 and a beta of 0.94. Boston Properties has a 52 week low of $107.84 and a 52 week high of $136.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.74 and a current ratio of 4.81.

In other news, SVP Frank D. Burt sold 2,000 shares of Boston Properties stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $133.64, for a total value of $267,280.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.88% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BXP. JOYN Advisors Inc. increased its holdings in Boston Properties by 63.3% during the 4th quarter. JOYN Advisors Inc. now owns 276 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 107 shares during the period. Bogart Wealth LLC bought a new stake in Boston Properties during the 4th quarter valued at approximately $33,000. Flagship Harbor Advisors LLC boosted its position in Boston Properties by 200.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 300 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Loeb Partners Corp bought a new stake in Boston Properties during the 4th quarter valued at approximately $33,000. Finally, Doyle Wealth Management bought a new stake in Boston Properties during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

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.

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Analyst Recommendations for Boston Properties (NYSE:BXP)

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