Boston Properties (BXP) has risen sharply, recording gains of 1.75% in the past 4 weeks. However, the stock has corrected -1.03% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.36% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Boston Properties Inc. is up 14.22% in the last 3-month period. Year-to-Date the stock performance stands at 11.98%. The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 4.56%.
Boston Properties (NYSE:BXP): The stock opened at $141.68 on Friday but the bulls could not build on the opening and the stock topped out at $141.97 for the day. The stock traded down to $140.60 during the day, due to lack of any buying support eventually closed down at $141.35 with a loss of -0.72% for the day. The stock had closed at $142.37 on the previous day. The total traded volume was 764,779 shares.
Also, Major Brokerage house, JP Morgan maintains its ratings on Boston Properties (NYSE:BXP). In the latest research report, JP Morgan raises the target price from $133 per share to $144 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 11, 2016.
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.