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Boston Properties, Inc. (BXP)

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Latest Analyst Comments on Boston Properties, Inc. (BXP)
 

Boston Properties upgraded to "neutral" (Newratings.com) - Feb 01, 2010

, Analysts at UBS upgrade Boston Properties (BXP) from "sell" to "neutral" 
 
Share:  , Analysts at <span class="analyst">UBS</span> upgrade Boston Properties (<span class="company">BXP</span>) from "sell" to "neutral" Tweet this 

Boston Properties' 4Q Results Fall (Morningstar Stock Analyst Notes) - Jan 27, 2010

We plan no immediate change to our opinion of Boston Properties BXP , following its release of fourth quarter and full year results that were largely in line with our expectations. This office real estate investment trust saw deterioration in its financial results in the fourth quarter, and we expect weakness to continue throughout 2010, at least For the quarter and on a year over year basis, Boston Properties' revenue fell 34% and its earnings before interest, taxes, depreciation and amortization fell 66% (We reclassify some non operating items the firm includes in revenue and expenses to get a better picture of its property operating performance) 
 
Share:  We plan no immediate change to our opinion of <span class="company">Boston</span> Properties BXP , following its release of fourth quarter and full year results that were largely in line with our expectations. Tweet this 

Boston Properties Misses Narrowly (Zacks - Analyst Blog) - Jan 27, 2010

Boston Properties Inc ( BXP , Analyst Report ), one of the leading real estate investment trusts, reported strong fourth quarter 2009 results with FFO (funds from operations) of $146.1 million or $1.04 per share compared to ($0.6) million or ($0.01) per share in the year earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, are obtained after adding depreciation and amortization and other non cash expenses to net income For full fiscal 2009, Boston Properties reported an FFO of $6063 million or $459 per share compared to $4038 million or $333 per share in fiscal 2008 
 
Share:  <span class="company">Boston</span> Properties Inc ( BXP , Analyst Report ), one of the leading real estate investment trusts, reported strong fourth quarter 2009 results with FFO (funds from operations) of $146.1 million or $1.04 per share compared to ($0.6) million or ($0.01) per share in the year earlier quarter. Tweet this 

Edward H. Linde, Zuckerman's Partner, Dies at 68 (New York Times - DealBook) - Jan 19, 2010

Edward H. Linde, a founder of one of the largest real estate investment trusts in the nation — and the behind the scenes partner of Mortimer B. Zuckerman — died on Sunday in Boston, The New York Times's Dennis Hevesi reported. He was 68 and lived in Weston, Mass The cause was complications of pneumonia, said Arista Joyner, a spokeswoman for Boston Properties , the company Mr Linde and Mr Zuckerman started in 1970 
 
Share:  Edward H. Linde, a founder of one of the largest real estate investment trusts in the nation — and the behind the scenes partner of Mortimer B. Zuckerman — died on Sunday in <span class="company">Boston</span>, The New York Times's Dennis Hevesi reported. Tweet this 

Summary: Boston Properties Inc. (S&P Credit Research) - Jan 26, 2010

RESEARCH Ratings Definitions Summary: Boston Properties Inc. Publication date: 26-Jan-2010 Primary Credit Analyst: Linda I Phelps, New York (1) 212-438-3059; linda_phelps@standardandpoors.com Secondary Credit Analyst: James Fielding, 
 
Share:  RESEARCH Ratings Definitions Summary: Boston Properties Inc. Publication date: 26-Jan-2010 Primary Credit Analyst: Linda I Phelps, New York (1) 212-438-3059; linda_phelps@standardandpoors.com Secondary Credit Analyst: James Fielding,... Tweet this 

App developers dissatisfied with Google’s Android (Mac Daily News) - Nov 30, 2009

App developers dissatisfied with Google's Android "Skyhook Wireless, a Boston based company that offers location based information to businesses, recently polled 30 app developers and asked them about their experience with, and plans for, the Android platform," Om Malik reports for GigaOM.  
Om Malik
Om Malik
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  App developers dissatisfied with Google's Android "Skyhook Wireless, a <span class="company">Boston</span> based company that offers location based information to businesses, recently polled 30 app developers and asked them about their experience with, and plans for, the Android platform," <span class="analyst">Om Malik</span> reports for GigaOM. Tweet this 

Boston Propeties upgraded to "neutral" (Newratings.com) - Nov 02, 2009

, Analysts at UBS upgrade Boston Propeties (BXP) from "sell" to "neutral.".  
 
Share:  , Analysts at <span class="analyst">UBS</span> upgrade Boston Propeties (<span class="company">BXP</span>) from "sell" to "neutral.". Tweet this 

Boston Properties Earnings Increase on Higher Rental Income (Bloomberg) - Oct 28, 2009

The REIT was projected to report FFO of $1.10, according to the average estimate of 15 analysts in a Bloomberg survey. The results run counter to the broader U.S office market, where vacancies rose to a five year high in the third quarter, according to property research firm Reis Inc. Boston Properties' focus on high end buildings such as New York's Citigroup Center and San Francisco's Embarcadero Center means it will have an easier time leasing space, said Jordan Sadler, a REIT analyst with Keybanc Capital Markets Inc. "Tenants want the nicest space at the best value," he said. "Boston Properties is going to be able to steal tenancy away from lower quality buildings if they're willing to price aggressively." Sadler has a "hold" rating on the stock. 
Jordan Sadler
Jordan Sadler
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  The results run counter to the broader U.S office market, where vacancies rose to a five year high in the third quarter, according to property research firm Reis Inc. <span class="company">Boston</span> Properties' focus on high end buildings such as New York's Citigroup Center and San Francisco's Embarcadero Center means it will have an easier time leasing space, said <span class="analyst">Jordan Sadler</span>, a REIT analyst with Keybanc Capital Markets Inc. Tweet this 

Boston Properties Reports Strong 3Q (Zacks - Analyst Blog) - Oct 28, 2009

Boston Properties ( BXP , Analyst Report ) reported strong third quarter results with FFO (funds from operations) of $158.5 million or $1.13 per share compared to $132.5 million or $1.09 per share in the year earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non cash expenses to net income. During the quarter, Boston Properties placed in service a 235,000 net rentable square feet Class A office property in Reston, Virginia. 
 
Share:  <span class="company">Boston Properties</span> ( BXP , Analyst Report ) reported strong third quarter results with FFO (funds from operations) of $158.5 million or $1.13 per share compared to $132.5 million or $1.09 per share in the year earlier quarter. Tweet this 

Boston Properties Reduces Debt (Zacks - Analyst Blog) - Oct 12, 2009

Boston Properties Inc ( BXP , Analyst Report ), a real estate investment trust (REIT), has recently raised net proceeds of approximately $694 million by selling 5.875% senior unsecured notes due 2019. The debt offering was managed by Bank of America Securities LLC, the investment banking arm of Bank of America Corp ( BAC , Analyst Report ), Citigroup Global Markets Inc., the brokerage and securities arm of Citigroup Inc ( C , Analyst Report ) and Deutsche Bank Securities Inc., the U.S investment banking and securities arm of the German banking colossus Deutsche Bank AG ( DB , Analyst Report ). The senior unsecured notes were priced at 99.931% of the principal amount to yield 5.884% to maturity. 
 
Share:  <span class="company">Boston</span> Properties Inc ( BXP , Analyst Report ), a real estate investment trust (REIT), has recently raised net proceeds of approximately $694 million by selling 5.875% senior unsecured notes due 2019. Tweet this 

REITs surge despite jitters over commercial property; analysts ... (MarketWatch) - Oct 02, 2009

, Boston Properties Inc. /quotes/comstock/13*!bxp /quotes/nls/bxp ( BXP 61.60 , 0.28 , 0.45% ) and Equity Residential /quotes/comstock/13*!eqr /quotes/nls/eqr ( EQR 28.62 , 0.28 , 0.97% ) . The fund's dividend yield currently tops 4%. "The credit crisis, in particular, has shaken the foundation of REITs," said Morningstar analyst Scott Burns in a profile of the fund. He said the companies are "highly leveraged and have little cash on hand" because they're required to pay out at least 90% of their annual earnings to shareholders as dividends. "REITs are currently enduring the perfect storm: a lack of credit and weak economic fundamentals," Burns said. 
Scott Burns
Scott Burns
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  The fund's dividend yield currently tops 4%. "The credit crisis, in particular, has shaken the foundation of REITs," said Morningstar analyst <span class="analyst">Scott Burns</span> in a profile of the fund. Tweet this 

Can real-estate stocks continue march higher? (MarketWatch.com - Top Stories) - Oct 02, 2009

, Boston Properties Inc ( BXP 61.60 , 0.28 , 0.45% ) and Equity Residential ( EQR 28.62 , 0.28 , 0.97% ) . The fund's dividend yield currently tops 4%. "The credit crisis, in particular, has shaken the foundation of REITs," said Morningstar analyst Scott Burns in a profile of the fund. He said the companies are "highly leveraged and have little cash on hand" because they're required to pay out at least 90% of their annual earnings to shareholders as dividends. "REITs are currently enduring the perfect storm: a lack of credit and weak economic fundamentals," Burns said. 
Scott Burns
Scott Burns
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  The fund's dividend yield currently tops 4%. "The credit crisis, in particular, has shaken the foundation of REITs," said Morningstar analyst <span class="analyst">Scott Burns</span> in a profile of the fund. Tweet this 

Boston Properties Faces Public Ire (Zacks - Analyst Blog) - Oct 02, 2009

Boston Properties, Inc ( BXP , Analyst Report ), a real estate investment trust (REIT), is facing severe criticism from the public as well as the state agency of the Boston Harbor Association for reneging on a promise. Boston Properties had earlier promised to provide free public performance space on the first floor of its Russia Wharf development project – an 854,000 square feet mixed use project along Boston's waterfront. In exchange, Boston Properties was approved to exceed the 155 feet height regulation for construction on the waterfront, and the project is currently designed to be 400 feet high. 
 
Share:  <span class="company">Boston</span> Properties, Inc ( BXP , Analyst Report ), a real estate investment trust (REIT), is facing severe criticism from the public as well as the state agency of the <span class="company">Boston</span> Harbor Association for reneging on a promise. Tweet this 

Sandler O'Neill Analyst Raises Price Targets on 14 REIT's, Upgrades UDR, ACC to Buy (StreetInsider.com - Analyst Comments) - Sep 30, 2009

Sandler O'Neill's Real Estate Operations analyst, Alex Goldfarb, raised price targets on every stock he covers today, along with two upgrades: upgraded UDR (NYSE: UDR ) from Hold to Buy , raising the price target from $13.50 to $17.50 upgraded American Campus Communities (NYSE: ACC ) from Hold to Buy , target from $26 to $30 raised target on Simon Property Group (NYSE: SPG ) from $67 to $78, maintains Buy raised target on Douglas Emmet (NYSE: DEI ) from $13 to $14, maintains Buy raised target on Federal Realty Investment Trust (NYSE: FRT ) from $62 to $65, maintains Hold raised target on Camden Property Trust (NYSE: CPT ) from $31 to $43, maintains Hold raised target on Equity Residential (NYSE: EQR ) from $24 to $33, maintains Hold raised target on AvalonBay (NYSE: AVB ) from $68 to $78, maintains Hold raised target on Liberty Property Trust (NYSE: LRY ) from $27 to $35, maintains Hold raised target on EastGroup Properties (NYSE: EGP ) from $37 to $41, maintains Hold raised target on Essex Property Trust (NYSE: ESS ) from $75 to $85, maintains Hold raised target on Boston Properties (NYSE: BXP ) from $53 to $70, maintains Hold raised target on Kimco Realty (NYSE: KIM ) from $10 to $12, maintains Sell raised target on The Macerich Co (NYSE: AMC ) from $22 to $28, maintains Sell .  
 
Share:  <span class="analyst">Sandler O'Neill's Real Estate Operations</span> analyst, Alex Goldfarb, raised price targets on every stock he covers today, along with two upgrades: upgraded UDR (NYSE: UDR ) from Hold to Buy , raising the price target from $13.50 to $17.50 upgraded American Campus Communities (NYSE: ACC ) from Hold to Buy , target from $26 to $30 raised target on Simon Property Group (NYSE: SPG ) from $67 to $78, maintains Buy raised target on Douglas Emmet (NYSE: DEI ) from $13 to $14, maintains Buy raised target on Federal Realty Investment Trust (NYSE: FRT ) from $62 to $65, maintains Hold raised target on Camden Property Trust (NYSE: CPT ) from $31 to $43, maintains Hold raised target on Equity Residential (NYSE: EQR ) from $24 to $33, maintains Hold raised target on AvalonBay (NYSE: AVB ) from $68 to $78, maintains Hold raised target on Liberty Property Trust (NYSE: LRY ) from $27 to $35, maintains Hold raised target on EastGroup Properties (NYSE: EGP ) from $37 to $41, maintains Hold raised target on Essex Property Trust (NYSE: ESS ) from $75 to $85, maintains Hold raised target on <span class="company">Boston</span> Properties (NYSE: BXP ) from $53 to $70, maintains Hold raised target on Kimco Realty (NYSE: KIM ) from $10 to $12, maintains Sell raised target on The Macerich Co (NYSE: AMC ) from $22 to $28, maintains Sell . Tweet this 

Boston Properties Gets Brickbats (Zacks - Analyst Blog) - Sep 18, 2009

Real estate investment trust Boston Properties Inc ( BXP , Analyst Report ) is facing severe criticism from the public as well as the state agency of the Boston Harbor Association for reneging on its promise. Boston Properties had earlier promised to provide free public performance space on the first floor of Russia Wharf, its 854,000 square feet mixed use development project along Boston's waterfront. In exchange, the company was allowed to exceed the 155 feet height regulation for construction on the waterfront. 
 
Share:  Real estate investment trust <span class="company">Boston</span> Properties Inc ( BXP , Analyst Report ) is facing severe criticism from the public as well as the state agency of the <span class="company">Boston</span> Harbor Association for reneging on its promise. Tweet this 

Real estate trusts tumble after downgrade (Boston.com Top Business News) - Aug 18, 2009

Shares of Boston Properties Inc and other real estate investment trusts tumbled after an analyst said they are overvalued. Oppenheimer's Mark Biffert downgraded Boston Properties, Biomed Realty Trust Inc., and health care REIT HCP Inc to "perform'' from "outperform.'' Cut to "underperform'' from "perform'' were the apartment REITs AvalonBay Communities Inc and UDR Inc and the diversified REIT Washington Real Estate Investment. REIT share prices have risen recently but "we're not convinced the sector is out of the woods yet,'' Biffert said. 
Mark Biffert
Mark Biffert
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Oppenheimer's <span class="analyst">Mark Biffert</span> downgraded <span class="company">Boston Properties</span>, Biomed Realty Trust Inc., and health care REIT HCP Inc to "perform'' from "outperform.'' Cut to "underperform'' from "perform'' were the apartment REITs AvalonBay Communities Inc and UDR Inc and the diversified REIT Washington Real Estate Investment. Tweet this 

Commercial Real Estate Won't Be Our Undoing (The Street: Banks) - Aug 10, 2009

Look at Boston Properties ( BXP , commentary , Trade Now ), which should be ground zero for commercial real estate worries, right? Tons of property in Boston, New York and San Francisco. the last being among the worst in the country after Orange County. 
 
Share:  Look at <span class="company">Boston Properties</span> ( BXP , commentary , Trade Now ), which should be ground zero for commercial real estate worries, right? Tweet this 

BXP Chief Sells a Million Shares (Zacks - Analyst Blog) - Aug 03, 2009

According to a report in The Wall Street Journal, Chairman Mort Zuckerman of Boston Properties, Inc ( BXP , Analyst Report ), a leading real estate investment trust (REIT), intends to sell 9% of his total stake in the company. The deal would involve a sale of about 1 million shares of the company and is likely to generate $50 million for Zuckerman. The proceeds would be utilized to purchase printing presses for his New York daily, The Daily News. 
 
Share:  According to a report in The Wall Street Journal, Chairman Mort Zuckerman of <span class="company">Boston Properties</span>, Inc ( BXP , Analyst Report ), a leading real estate investment trust (REIT), intends to sell 9% of his total stake in the company. Tweet this 

Boston Properties Shows Strength in Q2 (Zacks - Analyst Blog) - Jul 22, 2009

Boston Properties, Inc ( BXP , Analyst Report ), a leading real estate investment trust (REIT), reported strong second quarter results with FFO (fund from operations) of $166.7 million or $1.32 per share compared to $141.0 million or $1.16 per share in the year earlier quarter. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non cash expenses to net income. The better than expected FFO figures were primarily due to lease termination fees associated with the vacancy of Lehman Brothers and General Motors Corporation – both being casualties of the bankruptcy filings. 
 
Share:  <span class="company">Boston Properties</span>, Inc ( BXP , Analyst Report ), a leading real estate investment trust (REIT), reported strong second quarter results with FFO (fund from operations) of $166.7 million or $1.32 per share compared to $141.0 million or $1.16 per share in the year earlier quarter. Tweet this 

Commercial Real Estate Woes Back in Focus (JPM, BXP, LRY, OFC, SPG, PLD, DLR, AMB, CBG) (24/7 Wall St) - Jul 16, 2009

These are not the only stocks by any means in these sectors, but our go to universe includes Boston Properties Inc (NYSE: BXP), Liberty Property Trust (NYSE: LRY), Corporate Office Properties Trust Inc (NYSE: OFC), Simon Property Group Inc (NYSE: SPG), ProLogis (NYSE: PLD), Digital Realty Trust Inc (NYSE: DLR), AMB Property Corp (NYSE: AMB), and CB Richard Ellis Group, Inc (NYSE: CBG). All of these are getting hit this morning. We have provided some detailed information, brief technical analysis, and charts for each below. 
 
Share:  These are not the only stocks by any means in these sectors, but our go to universe includes Boston Properties Inc (NYSE: BXP), Liberty Property Trust (NYSE: LRY), Corporate Office Properties Trust Inc (NYSE: OFC), Simon Property Group Inc (NYSE: SPG), ProLogis (NYSE: PLD), Digital Realty Trust Inc (NYSE: DLR), AMB Property Corp (NYSE: AMB), and CB Richard Ellis Group, Inc (NYSE: CBG). Tweet this 

Boston Properties Cuts Dividend (Morningstar Stock Analyst Notes) - Jun 18, 2009

We plan no immediate change to our opinion of Boston Properties BXP following the office real estate investment trust's reduction in its quarterly dividend to $0.50 per share from $0.68. Some of the reduction can be attributed to the company's sale of 17.25 million new shares in early June, which increased the share base by more than 10%. We estimate that the lower dividend will enable the firm to conserve roughly $67 million in cash annually, which will help Boston Properties solidify its balance sheet in what remains a difficult capital environment. 
 
Share:  We plan no immediate change to our opinion of <span class="company">Boston</span> Properties BXP following the office real estate investment trust's reduction in its quarterly dividend to $0.50 per share from $0.68. Tweet this 

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