Boston Properties (BXP) was Downgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Morgan Stanley advised their investors in a research report released on Jul 25, 2016.
Many Wall Street Analysts have commented on Boston Properties. Boston Properties was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 25, 2016. Company shares were Reiterated by Deutsche Bank on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 151 from a previous price target of $145 .Company shares were Reiterated by Stifel on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 140 from a previous price target of $130 .
On the company’s financial health, Boston Properties reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.58. The company had revenue of $665.99 million for the quarter, compared to analysts expectations of $670.01 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS.
Boston Properties closed down -0.3 points or -0.22% at $137.15 with 4,86,161 shares getting traded on Wednesday. Post opening the session at $137.44, the shares hit an intraday low of $136.62 and an intraday high of $137.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 14, 2016, Raymond A Ritchey (Senior EVP) sold 35,000 shares at $127.14 per share price. According to the SEC, on Jun 14, 2016, Karen E Dykstra (director) purchased 1,500 shares at $126.49 per share price. On Jun 13, 2016, Peter D Johnston (Executive Vice President) sold 5,416 shares at $128.66 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Company’s 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.