Boston Properties (NYSE:BXP) should head towards $140 per share according to 14 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $120 per share. The higher price estimate target is at $155 according to the Analysts.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, SunTrust Robinson Humphrey maintains its rating on Boston Properties (NYSE:BXP).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, SunTrust Robinson Humphrey raises the new price target from $121 per share to $134 per share. The rating by the firm was issued on May 12, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, Klein Joel, director of Boston Properties Inc, unloaded 910 shares at an average price of $126.28 on June 1, 2016. The total amount of the transaction was worth $114,915, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Boston Properties (NYSE:BXP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.11 points or 0.87% at $127.12 with 997,247 shares getting traded. Post opening the session at $128.51, the shares hit an intraday low of $126.85 and an intraday high of $129.605 and the price was in this range throughout the day. The company has a market cap of $19,527 million and the number of outstanding shares have been calculated to be 153,611,330 shares. The 52-week high of Boston Properties (NYSE:BXP) is $133.59 and the 52-week low is $94.91.
Boston Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and developing office properties in the United States. The Companys properties are concentrated in four markets: Boston, New York, San Francisco and Washington, DC. The Company conducts all of its business through its subsidiary, Boston Properties Limited Partnership. The Company considers office/technical properties to be properties that support office, research and development, laboratory and other technical uses. The Company is also engaged in providing resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, risk management, tax and legal services.