The stock of Boston Properties, Inc. (NYSE:BXP) is a huge mover today! Boston Properties, Inc. (NYSE:BXP) has risen 8.61% since March 9, 2016 and is uptrending. It has outperformed by 1.19% the S&P500.
The move comes after 5 months positive chart setup for the $19.92 billion company. It was reported on Oct, 12 by Barchart.com. We have $157.42 PT which if reached, will make NYSE:BXP worth $4.38B more.
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 $220.77M for 22.56 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. Argus Research maintained Boston Properties, Inc. (NYSE:BXP) on Friday, November 27 with “Buy” rating. The firm has “Outperform” rating given on Monday, January 4 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, May 4 by Citigroup. SunTrust maintained it with “Neutral” rating and $136 target price in Thursday, September 3 report. The firm has “Neutral” rating by JP Morgan given on Thursday, August 11. Credit Suisse maintained the shares of BXP in a report on Monday, December 7 with “Outperform” rating. The stock of Boston Properties, Inc. (NYSE:BXP) earned “Neutral” rating by BTIG Research on Thursday, August 25. Stifel Nicolaus upgraded the shares of BXP in a report on Wednesday, September 9 to “Buy” rating. The firm earned “Buy” rating on Thursday, April 28 by Stifel Nicolaus. The firm has “Neutral” rating given on Thursday, May 12 by Suntrust Robinson.
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 2016 Q2. Its down 0.12, from 1.14 in 2016Q1. The ratio worsened, 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.
Amer Natl Registered Investment Advisor Inc has 0.34% invested in the company for 5,500 shares. Mizuho Trust And Communication Ltd reported 270,992 shares or 0.11% of all its holdings. Moreover, Cohen & Steers has 0.07% invested in Boston Properties, Inc. (NYSE:BXP) for 215,850 shares. 1832 Asset Mngmt L P holds 0.05% or 84,400 shares in its portfolio. Moreover, Farr Miller Washington Dc has 0.03% invested in Boston Properties, Inc. (NYSE:BXP) for 1,955 shares. Swiss Fincl Bank, a Switzerland-based fund reported 543,235 shares. Principal Fincl Grp Incorporated Incorporated accumulated 0.53% or 2.90 million shares. Prudential Finance, a New Jersey-based fund reported 620,758 shares. Goldman Sachs Gru Inc has 1.14 million shares for 0.05% of their US portfolio. Livforsakringsbolaget Skandia Omsesidigt reported 15,908 shares or 0.09% of all its holdings. Jpmorgan Chase & last reported 3.71 million shares in the company. Moreover, Iowa National Bank & Trust has 0.01% invested in Boston Properties, Inc. (NYSE:BXP) for 130 shares. Cipher Capital Lp, a New York-based fund reported 3,921 shares. Kcg Holdings accumulated 11,652 shares or 0.03% of the stock. Paradigm Asset Management Ltd Liability Corporation holds 0% or 5,810 shares in its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 1 buying transaction, and 8 insider sales for $8.93 million net activity. The insider BURT FRANK D sold 4,573 shares worth $650,561. RITCHEY RAYMOND A sold $4.45 million worth of stock. On Wednesday, August 10 the insider JOHNSTON PETER D sold $1.02 million. 910 Boston Properties, Inc. (NYSE:BXP) shares with value of $114,914 were sold by KLEIN JOEL. TURCHIN MARTIN had sold 1,504 shares worth $211,020. DYKSTRA KAREN E had bought 1,500 shares worth $189,718. On Wednesday, August 17 POWERS JOHN FRANCIS sold $1.23 million worth of the stock or 2,728 shares.
More important recent Boston Properties, Inc. (NYSE:BXP) news were published by: Forbes.com which released: “Boston Properties Enters Oversold Territory (BXP)” on October 05, 2016, also Bloomberg.com published article titled: “Boston Properties Said to Enter L.A. Market With Office Deal”, Bloomberg.com published: “Zuckerman to Step Down From Boston Properties’ Board Next Month” on April 01, 2016. More interesting news about Boston Properties, Inc. (NYSE:BXP) was released by: Seekingalpha.com and their article: “Boston Properties, Inc. (NYSE:BXP) CEO Owen Thomas on Q1 2016 Results …” with publication date: April 27, 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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