Bank of America (Merrill Lynch) downgraded Boston Properties Inc. (NYSE:BXP) from Buy to Neutral in a statement released earlier today.
- Updated: October 14, 2016
Bank of America (Merrill Lynch) has downgraded Boston Properties Inc. (NYSE:BXP) from Buy to Neutral in a statement released on Friday October 14, 2016.
Yesterday Boston Properties Inc. (NYSE:BXP) traded -0.40% lower at $129.03. The company’s 50-day moving average is $136.10 and its 200-day moving average is $133.10. The last stock close price is down -3.65% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 145,681 shares of the stock were exchanged, down from an average trading volume of 651,857
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Boston Properties Inc. has a 52 week low of $107.28 and a 52 week high of $144.02 with a P/E ratio of 32.88 The company’s market cap is currently $0.
In addition to Bank of America (Merrill Lynch) reporting its target price, a total of 22 firms have issued a report on the stock. The consensus target price is $140.32 with 6 firms rating the stock a strong buy, 12 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Boston Properties Inc. (NYSE:BXP)
Boston Properties, Inc. is a real estate investment trust. The Company is an owner and developer of office properties in the United States. The Company's segments by geographic area are Boston, New York, San Francisco and Washington, DC. The Company conducts its operations through Boston Properties Limited Partnership. The Company holds interests in approximately 170 commercial real estate properties, aggregating over 46.5 million net rentable square feet. The Company's properties include approximately 160 office properties, a hotel, over five retail properties and approximately four residential properties. The Company's properties include 399 Park Avenue in New York; 599 Lexington Avenue in New York; Bay Colony Corporate Center in Waltham; Embarcadero Center Four in San Francisco; Capital Gallery in Washington, DC; 680 Folsom Street in San Francisco; One Freedom Square in Reston; One Tower Center in East Brunswick, and 140 Kendrick Street in Needham.
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