Boston Properties (NYSE:BXP) : The consensus on Boston Properties (NYSE:BXP) based on 17 analyst recommendation on the company stock is 2.03, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Boston Properties (NYSE:BXP) stock is expected to deviate a maximum of $7.89 from the average target price of $140.64 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $155 and the most muted being $128.
For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm SunTrust Robinson Humphrey maintains its rating on Boston Properties (NYSE:BXP). As per the latest information, the brokerage house raises the price target to $134 per share from a prior target of $121. The shares have been rated Neutral. The rating by the firm was issued on May 12, 2016.
Boston Properties (NYSE:BXP): stock turned positive on Tuesday. Though the stock opened at $126.77, the bulls momentum made the stock top out at $128.96 level for the day. The stock recorded a low of $126.51 and closed the trading day at $128.93, in the green by 2.45%. The total traded volume for the day was 986,027. The stock had closed at $125.85 in the previous days trading.
In an insider trading activity, Dykstra Karen E, director of Boston Properties Inc, executed a transaction worth $189,735 on June 14, 2016. A total of 1,500 shares were purchased at an average price of $126.49. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Boston Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and developing office properties in the United States. The Companys properties are concentrated in four markets: Boston, New York, San Francisco and Washington, DC. The Company conducts all of its business through its subsidiary, Boston Properties Limited Partnership. The Company considers office/technical properties to be properties that support office, research and development, laboratory and other technical uses. The Company is also engaged in providing resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, risk management, tax and legal services.