Boston Properties (NYSE:BXP) Price Target Lowered to $86.00 at Mizuho

Boston Properties (NYSE:BXP) had its price target dropped by investment analysts at Mizuho from $92.00 to $86.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price target would indicate a potential upside of 22.87% from the company’s current price.

Several other brokerages also recently commented on BXP. UBS Group increased their target price on Boston Properties from $64.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Jefferies Financial Group reduced their price target on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Wedbush lowered shares of Boston Properties from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $81.00 to $70.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.00.

Boston Properties Price Performance

Boston Properties stock opened at $69.99 on Tuesday. Boston Properties has a 12-month low of $56.46 and a 12-month high of $90.11. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. The firm has a 50-day moving average price of $78.57 and a 200-day moving average price of $75.61. The firm has a market capitalization of $11.07 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 0.55 and a beta of 1.18.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($1.28). The firm had revenue of $859.23 million during the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. As a group, equities research analysts forecast that Boston Properties will post 7.1 EPS for the current year.

Hedge Funds Weigh In On Boston Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in BXP. Earnest Partners LLC lifted its position in shares of Boston Properties by 25.9% during the second quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust’s stock valued at $162,348,000 after buying an additional 542,610 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Boston Properties by 6.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,923,225 shares of the real estate investment trust’s stock valued at $118,394,000 after acquiring an additional 120,650 shares during the last quarter. Sei Investments Co. lifted its position in Boston Properties by 32.9% during the second quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust’s stock valued at $92,567,000 after acquiring an additional 371,946 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Boston Properties by 30.4% in the second quarter. Hsbc Holdings PLC now owns 394,467 shares of the real estate investment trust’s stock valued at $24,216,000 after acquiring an additional 91,954 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Boston Properties by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 376,155 shares of the real estate investment trust’s stock worth $23,156,000 after purchasing an additional 16,469 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

About Boston Properties

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.