Robert W. Baird Thinks Boston Properties’ Stock is Going to Recover

Robert W. Baird analyst Dave Rodgers maintained a Buy rating on Boston Properties (BXPResearch Report) on August 2 and set a price target of $105.00. The company’s shares closed last Thursday at $86.66, close to its 52-week low of $84.86.

According to, Rodgers is a 4-star analyst with an average return of 4.2% and a 57.3% success rate. Rodgers covers the Financial sector, focusing on stocks such as Corporate Office Properties, Franklin Street Properties, and Hudson Pacific Properties.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boston Properties with a $104.50 average price target, a 18.7% upside from current levels. In a report issued on July 20, Deutsche Bank also maintained a Buy rating on the stock with a $104.00 price target.

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Based on Boston Properties’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $774 million and net profit of $223 million. In comparison, last year the company earned revenue of $714 million and had a net profit of $112 million.

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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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