Media stories about Boston Properties (NYSE:BXP) have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Boston Properties earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 47.7274829883869 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Free Post Earnings Research Report: Boston Properties’ Revenue Grew 5%; FFO Jumped 10% (finance.yahoo.com)
- Exclusive: Salesforce Tower landlord revises design of 800,000-square-foot office proposal (feeds.bizjournals.com)
- Boston Properties, Inc. breached its 50 day moving average in a Bearish Manner : BXP-US : December 8, 2017 (finance.yahoo.com)
- Boston Properties lands anchor tenant for its Foggy Bottom redevelopment – Washington Business Journal (bizjournals.com)
- Union Pacific Corporation (UNP) Stocks Showing Pleasant Sentiment- Boston Properties, Inc. (BXP) – Investing News Update (investingbizz.com)
Several brokerages have recently commented on BXP. SunTrust Banks reiterated a “hold” rating and set a $130.00 price target on shares of Boston Properties in a research report on Monday, October 9th. Royal Bank of Canada set a $140.00 price target on shares of Boston Properties and gave the stock a “buy” rating in a research report on Monday, November 27th. Evercore ISI reiterated an “in-line” rating and set a $133.00 price target (up previously from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. Argus reduced their price objective on shares of Boston Properties to $140.00 and set a “buy” rating on the stock in a research note on Thursday, November 16th. Finally, Jefferies Group reissued a “hold” rating and set a $124.00 price objective on shares of Boston Properties in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Boston Properties currently has an average rating of “Hold” and a consensus price target of $132.80.
Boston Properties (NYSE BXP) traded up $0.19 during trading on Wednesday, reaching $126.37. 761,165 shares of the company traded hands, compared to its average volume of 679,006. Boston Properties has a twelve month low of $116.77 and a twelve month high of $140.13. The company has a market cap of $19,298.00, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 3.57 and a beta of 0.63. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.92.
Boston Properties (NYSE:BXP) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.03. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The business had revenue of $657.70 million for the quarter, compared to analyst estimates of $649.84 million. During the same quarter last year, the firm earned $1.42 EPS. Boston Properties’s quarterly revenue was up 5.2% compared to the same quarter last year. research analysts anticipate that Boston Properties will post 6.25 EPS for the current fiscal year.
In related news, insider Bryan J. Koop sold 5,868 shares of Boston Properties stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total transaction of $730,859.40. Following the transaction, the insider now owns 585 shares of the company’s stock, valued at approximately $72,861.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by company insiders.
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Boston Properties Company Profile
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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