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Boston Properties, Inc. (NYSE:BXP): A Stock to Watch

Boston Properties, Inc. (NYSE:BXP): A Stock to Watch
Written by
Charles Donlon
Published on
October 15, 2014
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[BusinessWire] Boston Properties, Inc. (NYSE:BXP) a real estate investment trust, announced that it will release financial results for the Third Quarter on Tuesday, October 28, 2014 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio web cast, both open to the general public, at 10:00 A.M. Eastern Time on Wednesday, October 29, 2014 to discuss the financial results of the Third Quarter and provide a Company update.Stock PerformanceTaking a look at the company’s recent performance, Boston Properties (NYSE:BXP) reported Second quarter earnings for fiscal 2014 on July 29th. The company reported actual earnings per share of $1.35 against the consensus Street estimate of $0.19. This represents year over year growth of 21.48%. Boston posted revenue of $589.79 million against estimates of $1.87 billion.Boston Properties (BXP) is currently valued at $18.38 billion and closed the last trading session at $120.04. The stock has a 50-day moving average of $118.99 and a 200-day moving average of $118.99.

Is this a Buying Opportunity?There are currently sixteen analysts that we track that cover the stock. Of those sixteen, four have a Buy rating and twelve have a hold rating. On a consensus basis this yields a score of 2.75 and a Buy. The combined price objective of these covering analysts is $116.83, which represents a 0.34% upside difference to the last closing price.The most recent analyst activity consisted of Barclays reiterating their overweight stance on the company. Barclays has a price target of $119 which represents an upside of 6.78% from the last closing price. On the date of the report, the stock closed at $115.19.Another research firm weighing in recently was ISI Group who upgraded their neutral rating to buy on the stock. On September 29th ISI Group upgraded their price target on the stock from $126, or a 8.74% upside to the current price. On the day of the report, BXP shares closed at $115.87.Company ProfileBoston Properties (BXP), a real estate investment trust (REIT), together with its subsidiaries, engages in the ownership and development of office properties. Its properties are located in Boston, Massachusetts; Washington, D.C.; midtown Manhattan, New York; San Francisco, California; and Princeton, New Jersey. As of December 31, 2008, the company owned interests in 147 properties, totaling approximately 49.8 million net rentable square feet and structured parking for vehicles containing approximately 11.2 million square feet. Its properties also included 143 office properties, 1 hotel, and 3 retail properties.

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