Wells Fargo analyst Blaine Heck maintained a Buy rating on Boston Properties (BXP – Research Report) today and set a price target of $105.00. The company’s shares closed last Thursday at $88.98, close to its 52-week low of $87.61.
According to TipRanks.com, Heck is a 2-star analyst with an average return of 0.6% and a 51.9% success rate. Heck covers the Financial sector, focusing on stocks such as Corporate Office Properties, Rexford Industrial Realty, and Eastgroup Properties.
Boston Properties has an analyst consensus of Moderate Buy, with a price target consensus of $116.00, implying a 30.6% upside from current levels. In a report issued on June 22, Credit Suisse also initiated coverage with a Buy rating on the stock with a $108.00 price target.
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Based on Boston Properties’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $754 million and net profit of $143 million. In comparison, last year the company earned revenue of $714 million and had a net profit of $101 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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