Boston Properties (NYSE: BXP) issued its quarterly earnings data on Wednesday. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by $0.15, Analyst Ratings Network.com reports. The company had revenue of $483.01 million for the quarter, compared to the consensus estimate of $470.17 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis.
BXP has been the subject of a number of recent research reports. Analysts at Morgan Stanley upgraded shares of Boston Properties from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, April 16th. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Boston Properties in a research note to investors on Thursday, March 28th. They now have a $105.00 price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Boston Properties in a research note to investors on Monday, March 11th.
Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Boston Properties has a consensus rating of “Buy” and an average price target of $118.40.
Shares of Boston Properties (NYSE: BXP) opened at 109.43 on Wednesday. Boston Properties has a 52 week low of $99.23 and a 52 week high of $117.00. The stock’s 50-day moving average is currently $105.8. The company has a market cap of $16.594 billion and a P/E ratio of 56.73.
Boston Properties, Inc. is an integrated, self-administered and self-managed real estate investment trust (NYSE: BXP).