Boston Properties (BXP) is Downgraded by RBC Capital Mkts to Outperform according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $155. Earlier the firm had a rating of Top Pick on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
Boston Properties Inc. is up 9.12% in the last 3-month period. Year-to-Date the stock performance stands at 2.15%.
Boston Properties, Inc. (NYSE:BXP) has dropped 1.14% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 2.16% in the last 4 weeks. The shares have underperformed the S&P 500 by 0.31% during the past week but Boston Properties, Inc. (NYSE:BXP) has outperformed the index in 4 weeks by 4.55%.
Shares of Boston Properties, Inc. (NYSE:BXP) ended Thursday session in red amid volatile trading. The shares closed down 1.06 points or 0.82% at $127.54 with 528,575 shares getting traded. Post opening the session at $128.91, the shares hit an intraday low of $127.49 and an intraday high of $128.97 and the price vacillated in this range throughout the day. The company has a market cap of $19,587 million and the number of outstanding shares have been calculated to be 153,576,270 shares. The 52-week high of Boston Properties, Inc. (NYSE:BXP) is $146.07 and the 52-week low is $94.91.
Currently the company Insiders own 6.08% of Boston Properties, Inc. shares according to the proxy statements. Institutional Investors own 95.83% of Boston Properties, Inc. shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Ritchey Raymond A, officer (Executive Vice President) of Boston Properties Inc, had unloaded 50,000 shares at an average price of $127.57 in a transaction dated on June 4, 2015. The total value of the transaction was worth $6,378,500.
Boston Properties, Inc. is an integrated, self-administered and self-managed real estate investment trust (REIT). The Company is an owner and developer of office properties in the United States. The Companys properties are concentrated in five markets: Boston, New York, Princeton, San Francisco and Washington, DC. As of December 31, 2012, the Company owned or had interests in 157 properties, totaling approximately 44.4 million net rentable square feet, including seven properties under construction totaling approximately 2.8 million net rentable square feet. In March 2012, the Company acquired 100 Federal Street in Boston, Massachusetts from an affiliate of Bank of America, N.A. On March 1, 2012, the Company acquired 453 Ravendale Drive. On October 4, 2012, the Company acquired Fountain Square. In June 2013, Sungate Fifth Avenue LLC and 767 LLC, acquired a 40% interest in the General Motors Building located in New York, from joint venture partners of Boston Properties Inc.