Barclays analyst Ross L Smotrich maintained a Buy rating on Boston Properties (NYSE: BXP) yesterday and set a price target of $134. The company’s shares closed yesterday at $131.60, close to its 52-week high of $132.82.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.9% and a 67.8% success rate. Smotrich covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Safety Income & Growth Inc, and Hudson Pacific Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boston Properties with a $136.17 average price target.
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Based on Boston Properties’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $131 million. In comparison, last year the company had a net profit of $136 million.
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Boston Properties, Inc. operates as a real estate investment trust. The company engages in the acquisition, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, and tax and legal services.
