Boston Properties (NYSE:BXP) PT Raised to $80.00 at BMO Capital Markets

Boston Properties (NYSE:BXP) had its target price boosted by stock analysts at BMO Capital Markets from $75.00 to $80.00 in a report issued on Friday, MarketBeat reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 20.16% from the company’s current price.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price target on Boston Properties from $64.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 9th. Barclays boosted their target price on shares of Boston Properties from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, August 25th. StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Argus downgraded shares of Boston Properties from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Boston Properties from $62.00 to $66.00 and gave the company an “underweight” rating in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $72.58.

Boston Properties Trading Up 1.0 %

NYSE:BXP opened at $66.58 on Friday. The company has a market capitalization of $10.44 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 5.72 and a beta of 1.13. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 1.90. Boston Properties has a 52-week low of $46.18 and a 52-week high of $87.61. The stock has a fifty day simple moving average of $64.30 and a 200-day simple moving average of $57.49.

Insider Transactions at Boston Properties

In other news, EVP Raymond A. Ritchey sold 65,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $67.11, for a total transaction of $4,362,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Boston Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. MV Capital Management Inc. boosted its holdings in Boston Properties by 232.7% in the 1st quarter. MV Capital Management Inc. now owns 509 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 356 shares during the period. Machina Capital S.A.S. purchased a new position in Boston Properties in the 1st quarter worth approximately $31,000. Eagle Bay Advisors LLC purchased a new position in Boston Properties in the 2nd quarter worth approximately $31,000. Compagnie Lombard Odier SCmA purchased a new position in Boston Properties in the 4th quarter worth approximately $32,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Boston Properties by 39.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 593 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 168 shares during the period. Hedge funds and other institutional investors own 94.58% of the company’s stock.

Boston Properties Company Profile

BXP (NYSE: BXP) 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.