Boston Properties (NYSE:BXP) Now Covered by Goldman Sachs Group

Research analysts at Goldman Sachs Group initiated coverage on shares of Boston Properties (NYSE:BXP) in a research report issued on Friday, MarketBeat.com reports. The brokerage set a “buy” rating and a $156.00 price target on the real estate investment trust’s stock. Goldman Sachs Group’s price objective suggests a potential upside of 12.77% from the company’s current price.

Several other equities research analysts also recently weighed in on BXP. Robert W. Baird set a $152.00 price objective on shares of Boston Properties and gave the stock a “buy” rating in a report on Wednesday, August 21st. Barclays reaffirmed a “buy” rating and issued a $149.00 price objective on shares of Boston Properties in a report on Sunday, October 13th. Citigroup reaffirmed a “neutral” rating and issued a $134.00 price objective (up previously from $131.00) on shares of Boston Properties in a report on Tuesday, November 5th. Morgan Stanley raised shares of Boston Properties from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $123.00 to $126.00 in a report on Tuesday, September 10th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $142.54.

Shares of Boston Properties stock traded up $0.38 during trading on Friday, hitting $138.34. 366,073 shares of the stock were exchanged, compared to its average volume of 707,870. The stock’s fifty day moving average is $131.12 and its 200 day moving average is $131.44. The stock has a market cap of $21.07 billion, a PE ratio of 21.96, a P/E/G ratio of 3.04 and a beta of 0.86. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.58 and a current ratio of 3.98. Boston Properties has a 12 month low of $107.84 and a 12 month high of $140.35.

Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. The business had revenue of $743.55 million during the quarter, compared to analyst estimates of $730.74 million. Boston Properties had a net margin of 18.20% and a return on equity of 6.70%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 earnings per share. Sell-side analysts anticipate that Boston Properties will post 6.99 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Eii Capital Management Inc. grew its holdings in Boston Properties by 6.5% in the second quarter. Eii Capital Management Inc. now owns 25,175 shares of the real estate investment trust’s stock worth $3,248,000 after purchasing an additional 1,540 shares during the last quarter. WINTON GROUP Ltd grew its holdings in Boston Properties by 9.1% in the second quarter. WINTON GROUP Ltd now owns 192,088 shares of the real estate investment trust’s stock worth $24,779,000 after purchasing an additional 15,992 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Boston Properties by 3.8% in the second quarter. Crossmark Global Holdings Inc. now owns 10,109 shares of the real estate investment trust’s stock worth $1,304,000 after purchasing an additional 373 shares during the last quarter. Gulf International Bank UK Ltd grew its holdings in Boston Properties by 0.8% in the second quarter. Gulf International Bank UK Ltd now owns 37,130 shares of the real estate investment trust’s stock worth $4,789,000 after purchasing an additional 300 shares during the last quarter. Finally, AMF Pensionsforsakring AB grew its holdings in Boston Properties by 2.8% in the second quarter. AMF Pensionsforsakring AB now owns 230,854 shares of the real estate investment trust’s stock worth $29,780,000 after purchasing an additional 6,254 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

About Boston Properties

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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