Boston Properties (NYSE:BXP) has been downgraded from Buy to Neutral in a statement by BofA Merrill earlier today.
- Updated: October 14, 2016
Boasting a price of $128.76, Boston Properties (NYSE:BXP) traded -0.40% lower on the day. With the last stock price close down -3.65% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Boston Properties has recorded a 50-day average of $136.10 and a two hundred day average of $133.10. Volume of trade was down over the average, with 145,681 shares of BXP changing hands under the typical 651,857
BofA Merrill has downgraded Boston Properties (NYSE:BXP) from Buy to Neutral in a statement released on 10/14/2016.
With a total market value of $0, Boston Properties has price-earnings ratio of 32.88 with a one year low of $107.28 and a one year high of $144.02 .
A total of 22 equity analysts have released a ratings update on BXP. Six equity analysts rating the company a strong buy, twelve equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $140.32.
Brief Synopsis About Boston Properties (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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