In a report issued on June 2, Dave Rodgers from Robert W. Baird maintained a Buy rating on Boston Properties (BXP – Research Report), with a price target of $120.00. The company’s shares closed last Tuesday at $90.64, close to its 52-week low of $89.94.
According to TipRanks.com, Rodgers is a 3-star analyst with an average return of 2.0% and a 52.5% success rate. Rodgers covers the Financial sector, focusing on stocks such as Corporate Office Properties, Franklin Street Properties, and Rexford Industrial Realty.
The word on The Street in general, suggests a Hold analyst consensus rating for Boston Properties with a $125.92 average price target, which is a 38.0% upside from current levels. In a report issued on May 25, Mizuho Securities also maintained a Buy rating on the stock with a $135.00 price target.
Boston Properties’ market cap is currently $15.7B and has a P/E ratio of 25.94.
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Boston Properties, Inc. operates as a real estate investment trust. It develops, redevelops, acquires, manages, and owns aportfolio of Class A properties. It operates through the following geographical segments: Boston, New York, San Francisco, and Washington, DC. The company was founded by Mortimer Benjamin Zuckerman and Edward H. Linde in 1970 and is headquartered in Boston, MA.
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