Research coverage of Boston Properties (NYSE:BXP) started at Credit Suisse Group

Credit Suisse Group equity research analysts have started coverage on shares of Boston Properties (NYSE:BXP – Valuation Received) in a research paper published Wednesday, reports The Fly. The brokerage firm has given the Real Estate Investment Trust stock an Outperform rating.

Several other equity analysts also recently commented on the company. Morgan Stanley lowered its target price on Boston Properties to $104.00 from $111.00 and gave the stock an “equal weight” rating in a report Wednesday, June 1. Goldman Sachs Group lowered its price target on Boston Properties to $112.00 from $120.00 and ranked the stock a “Sell” in a report Wednesday, May 25. StockNews.com began coverage of Boston Properties in a report on Thursday, March 31st. You give the stock a “hold” rating. Deutsche Bank Aktiengesellschaft has raised its price target on Boston Properties to $139.00 from $131.00 and gave the company a buy rating in a report on Thursday, April 14. Finally, Mizuho Boston Properties in a report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Boston Properties has an average rating of “Moderate Buy” and an average price target of $130.40.

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Boston Properties shares fell $0.90 midday Wednesday to hit $89.10. The company had a trading volume of 1,581,392 shares compared to its average volume of 897,278. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt to equity ratio of 1.65. The 50-day moving average price of the stock is $111.13 and the 200-day moving average price is $117.02. Boston Properties has a 12-month low of $88.02 and a 12-month high of $133.11. The company has a market cap of $13.96 billion, a P/E of 25.53, a price-to-earnings-to-growth ratio of 2.10 and a beta of 1.09.

Boston Properties (NYSE:BXP – Get Rating) last reported its earnings results on Monday, May 2nd. The Real Estate Investment Trust reported $0.91 per share for the quarter, beating the consensus estimate of $0.67 by $0.24. Boston Properties had a return on equity of 6.80% and a net margin of 18.69%. In the same period last year, the company earned $1.56 per share. Equity analysts expect Boston Properties to post 7.48 EPS for the year to date.

Hedge funds have recently bought and sold shares in the company. Allworth Financial LP increased its stake in Boston Properties by 4,800.0% during the first quarter. Allworth Financial LP now owns 196 shares of the Real Estate Investment Trust valued at $25,000 after purchasing an additional 192 shares during the period. Tcwp LLC acquired a new interest in Boston Properties valued at approximately $26,000 during the first quarter. Riverview Trust Co acquired a new stake in Boston Properties valued at approximately $30,000 in the first quarter. Chilton Capital Management LLC acquired a new interest in Boston Properties valued at approximately $29,000 during the fourth quarter. Finally, CENTRAL TRUST Co increased its position in Boston Properties by 1,792.9% in the first quarter. CENTRAL TRUST Co now owns 265 shares of the real estate investment trust worth $34,000 after purchasing an additional 251 shares last quarter. 98.02% of the shares are currently owned by institutional investors.

Boston Properties Corporate Profile (get rating)

Boston Properties (NYSE:BXP) is the largest publicly traded developer and owner of Class A office properties in the United States, focused on 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 diversified portfolio of primarily Class A office space.

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