Bloomberg’s equity analysts at Evercore ISI assigned an “outperform” rating to Boston Properties (NYSE: BXP-Get One) in a research report distributed to clients and investors on Thursday. The study was also made available online. In a previous recommendation, they had suggested that the stock’s status be maintained at “in-line.” The price objective for the firm’s shares of the real estate investment trust has decreased from $104.00 to $100.00, as stated by the company. Before this, the corporation had projected that the price would reach $104.00. Evercore ISI has a price objective for the company based on the idea that the stock will increase in price by 29.08% relative to where it is currently trading.
When it comes to BXP, a significant amount of additional research has been published. According to a study conducted by Wells Fargo & Business and made available to the public on August 30, the price target for Boston Properties was reduced from $105.00 to $94.00. Despite this modification, an “overweight” rating was assigned to the corporation. On July 6, Mizuho lowered their price objective on Boston Properties from $135.00 to $105.00 while maintaining a “buy” recommendation for the firm. Morgan Stanley lowered the price objective for Boston Properties in a research report published on Friday, September 9. The new target price is $78, down from the previous $80.00. The company was labeled as having “equal weight,” and the original price goal was scrapped. UBS Group reduced the target price for Boston Properties in a report published on Thursday, July 28. The new target price is $98.80, down from the previous price of $131.00.
The stock was also given a rating of “neutral,” which indicates that there is no clear direction for it. On June 22, after much delay and anticipation, Credit Suisse Group published a report announcing it would begin covering shares of Boston Properties. They gave the company an “outperform” rating and established a price target of $108 for its stock. One of the research experts has recommended that the stock be sold. Seven have recommended that it be maintained, and seven have suggested that it be bought. According to Bloomberg.com, the company currently carries an average “Hold” recommendation, and the overall consensus price objective is $100.43. This information was obtained from the website. On Thursday, the NYSE: BXP opened with a price of $77.47 for the first trade of the day. The debt-to-equity ratio is 1.71, the current ratio is 4.35, and the quick ratio is also 4.35. The debt-to-equity, current, and quick ratios all come at the same value.
The stock price has been $85.54 on a moving average basis over the last 50 days, while the price has been $102.66 on a moving average basis over the last 200 days. According to the price-to-earnings ratio of 18.45, the price-to-earnings-growth ratio of 1.84, and the beta value of 1.14, the firm is estimated to have a market capitalization of $12.14 billion at the moment. The lowest price that Boston Properties has been at in the last 52 weeks is $77.44, and the highest price that the firm has been at in that time is $133.11. The information compiled for Boston Properties’ quarterly results was made public on July 26, and the company’s ticker symbol is BXP (Get Rating). The real estate investment trust (REIT) reported earnings per share for the quarter that came in at $1.42, which is $0.64 more than the average estimate of $0.78 supplied by analysts. In addition, the net margin for Boston Properties came in at 22.04%, and the equity return came in at 8.17%, respectively. Compared to the prior year’s results for the same quarter, the company’s earnings per share came in at $1.72. According to projections made by market analysts, Boston Properties will end the year with a profit of 7.52 cents per share.
In addition, Executive Vice President Raymond A. Ritchey sold 22,472 shares of Boston Properties stock on Friday, August 12. This transaction took place. The stock sale resulted in total revenue of 2,021,581.12 dollars, with the average price at which each share was purchased being $89.96. You can find more information regarding the transaction in the lawsuit file submitted by the Securities and Exchange Commission, which can be viewed at this URL. The file contains the details regarding the transaction. 1.09 percent of the company’s entire share capital is controlled by those working within the company.
During the last several months, a number of hedge funds have been very active in buying and selling company shares. During the first three months of 2018, Kinneret Advisory LLC increased its holdings in Boston Properties by a total of 2.3% by purchasing additional shares. Kinneret Advisory LLC has 4,043 shares of the real estate investment trust in its possession. This was accomplished by buying an additional 90 shares during the fiscal quarter. These shares are currently trading at a value of $525,000 on the market. In the first three months of 2018, Harbor Investment Advisory LLC brought the total number of Boston properties it held to a level that was 7.2% higher than before. The most recent purchase of 99 additional shares brought the total number of shares owned by Harbor Investment Advisory LLC in the real estate investment trust to 1,481, which has a combined value of $191,000. (as of the last report).
The Louisiana State Employees Retirement System added 1.1% more Boston Properties shares to its portfolio during the first three months. Following the acquisition of an additional one hundred shares, The Louisiana State Employees Retirement System accumulated 9,000 shares of the real estate investment trust throughout the most recent fiscal quarter. These shares have a value of $1,150,000 at the moment. During the first three months of this year, the State of Michigan Retirement System boosted the number of its total investments in Boston Properties by 0.3%, bringing the total to a total of 1.1%. The State of Michigan Retirement System currently has 35,857 shares of the real estate investment trust following purchasing an additional 106 shares during the most recent quarter. The value of all of the State of Michigan Retirement System’s shares combined is $4,618,000.
And finally, during the final three months of the year, Credit Agricole S.A. increased the portion of its investment in Boston Properties that it already held by 15.1%. Credit Agricole S.A. now has a total of 905 shares of the real estate investment trust due to purchasing an extra 119 shares during the most recent quarter. The value of Credit Agricole S.A.’s investment in the real estate investment trust is equal to a sum of $104,000. To 92.47% of the company’s shares, hedge funds and various other institutional investors are the owners of those shares.
Boston Buildings, which trades on the New York Stock Exchange under the symbol “BXP,” is the most successful publicly traded builder and owner of Class A office buildings in the United States. The company has locations in Boston, Los Angeles, New York, San Francisco, and Washington, DC. The majority of the company’s holdings comprise Class A office buildings. It is structured as a real estate investment trust (REIT), enabling it to develop, manage, operate, buy, and control various properties. The majority of the company’s holdings comprise Class A office buildings.