Price Action Report: Is Boston Properties, Inc. a Sell? The Stock Declines Again

Price Action Report: Is Boston Properties, Inc. a Sell? The Stock Declines Again

The stock of Boston Properties, Inc. (NYSE:BXP) is a huge mover today! The stock decreased 2.38% or $3.13 on October 5, hitting $128.33. Boston Properties, Inc. (NYSE:BXP) has risen 11.35% since March 2, 2016 and is uptrending. It has outperformed by 3.10% the S&P500.
The move comes after 8 months negative chart setup for the $19.81 billion company. It was reported on Oct, 6 by We have $118.06 PT which if reached, will make NYSE:BXP worth $1.58 billion less.

Analysts await Boston Properties, Inc. (NYSE:BXP) to report earnings on November, 3. They expect $1.43 EPS, up 1.42% or $0.02 from last year’s $1.41 per share. BXP’s profit will be $220.75M for 22.44 P/E if the $1.43 EPS becomes a reality. After $1.43 actual EPS reported by Boston Properties, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Boston Properties, Inc. (NYSE:BXP) Ratings Coverage

Out of 18 analysts covering Boston Properties Inc. (NYSE:BXP), 9 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 50% are positive. Boston Properties Inc. has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, September 9 by Stifel Nicolaus. The stock of Boston Properties, Inc. (NYSE:BXP) earned “Hold” rating by Evercore on Monday, August 22. The stock of Boston Properties, Inc. (NYSE:BXP) has “Buy” rating given on Friday, November 13 by BB&T Capital. The stock of Boston Properties, Inc. (NYSE:BXP) has “Neutral” rating given on Thursday, May 12 by Suntrust Robinson. The firm has “Buy” rating by Argus Research given on Friday, September 4. The company was maintained on Monday, July 18 by Deutsche Bank. The rating was maintained by SunTrust with “Neutral” on Thursday, September 3. The company was maintained on Monday, December 7 by Credit Suisse. The stock of Boston Properties, Inc. (NYSE:BXP) has “Outperform” rating given on Tuesday, January 19 by Credit Suisse. Mizuho downgraded it to “Neutral” rating and $128 target price in Monday, September 21 report.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.12, from 1.14 in 2016Q1. The ratio dropped, as 33 funds sold all Boston Properties, Inc. shares owned while 153 reduced positions. 42 funds bought stakes while 148 increased positions. They now own 143.39 million shares or 3.47% less from 148.55 million shares in 2016Q1.
Ubs Oconnor, a Illinois-based fund reported 37,920 shares. Moody Comml Bank Division owns 4,600 shares or 0.03% of their US portfolio. Heitman Real Secs Ltd Limited Liability Company has invested 2.35% of its portfolio in Boston Properties, Inc. (NYSE:BXP). Thompson Davis & Incorporated last reported 95 shares in the company. Sector Pension Investment Board holds 29,099 shares or 0.04% of its portfolio. Honeywell International last reported 0.15% of its portfolio in the stock. Pensionfund Dsm Netherlands last reported 16,417 shares in the company. Boston Limited Liability Co reported 113,720 shares or 0.37% of all its holdings. C M Bidwell And Associate Limited holds 0.93% or 28,540 shares in its portfolio. The Pennsylvania-based Stevens Cap Lp has invested 0.52% in Boston Properties, Inc. (NYSE:BXP). Moreover, Panagora Asset Mngmt Inc has 0.07% invested in Boston Properties, Inc. (NYSE:BXP) for 112,975 shares. Cornerstone Mngmt Hldgs Limited Liability Company holds 0.13% of its portfolio in Boston Properties, Inc. (NYSE:BXP) for 126,950 shares. Ngam Advsrs L P holds 0.19% of its portfolio in Boston Properties, Inc. (NYSE:BXP) for 104,935 shares. Global X Mgmt Ltd Liability accumulated 421 shares or 0% of the stock. Moreover, Regions Fincl has 0.01% invested in Boston Properties, Inc. (NYSE:BXP) for 6,545 shares.

Insider Transactions: Since June 1, 2016, the stock had 1 insider buy, and 8 sales for $8.93 million net activity. 35,000 shares with value of $4.45M were sold by RITCHEY RAYMOND A on Monday, June 13. Another trade for 7,111 shares valued at $1.02M was made by JOHNSTON PETER D on Wednesday, August 10. Shares for $211,020 were sold by TURCHIN MARTIN on Wednesday, August 3. 2,728 Boston Properties, Inc. (NYSE:BXP) shares with value of $1.23M were sold by POWERS JOHN FRANCIS. KLEIN JOEL also sold $114,914 worth of Boston Properties, Inc. (NYSE:BXP) on Wednesday, June 1. Shares for $189,718 were bought by DYKSTRA KAREN E on Tuesday, June 14. $650,561 worth of shares were sold by BURT FRANK D on Monday, August 1.

More notable recent Boston Properties, Inc. (NYSE:BXP) news were published by: which released: “Boston Properties (BXP) Shares Cross 2% Yield Mark” on October 05, 2016, also with their article: “Zuckerman to Step Down From Boston Properties’ Board Next Month” published on April 01, 2016, published: “Boston Properties Said to Enter L.A. Market With Office Deal” on May 19, 2016. More interesting news about Boston Properties, Inc. (NYSE:BXP) were released by: and their article: “Boston Properties, Inc. (NYSE:BXP) CEO Owen Thomas on Q1 2016 Results …” published on April 27, 2016 as well as‘s news article titled: “Boston Properties Inc. Earnings Rise 6% In Q2” with publication date: July 26, 2016.

BXP Company Profile

Boston Properties, Inc., incorporated on March 24, 1997, is a real estate investment trust. The Firm is an owner and developer of office properties in the United States. The Company’s divisions by geographic area are Boston, New York, San Francisco and Washington, DC. The Firm conducts its activities through Boston Properties Limited Partnership. The Firm holds interests in approximately 170 commercial real estate properties, aggregating over 46.5 million net rentable square feet. The Company’s properties include approximately 160 office properties, a hotel, over five retail properties and approximately four residential properties.

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