Jefferies analyst Jonathan Petersen reiterated a Hold rating on Boston Properties (NYSE: BXP) on August 10 and set a price target of $132. The company’s shares closed on Friday at $128.94, close to its 52-week high of $132.
According to TipRanks.com, Petersen is a 5-star analyst with an average return of 10.7% and a 76.1% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Easterly Government Properties, and First Industrial Realty Trust.
Boston Properties has an analyst consensus of Moderate Buy, with a price target consensus of $135.80, implying a 5.3% upside from current levels. In a report issued on August 5, Mizuho Securities also reiterated a Hold rating on the stock with a $130 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.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is negative on the stock.
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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.