Market Overview

UPDATE: ISI Group Raises PT to $117 on Boston Properties on Raised Guidance

Share:
Related BXP
Credit Suisse's 7 Financial Stocks To Consider For 2015
UPDATE: Credit Suisse Raises PT On Boston Properties On Updated Estimates
Notable earnings after Tuesday's close (Seeking Alpha)

ISI Group maintained Boston Properties (NYSE: BXP) with a Buy and raised the price target from $116.00 to $117.00.

ISI Group commented, "BXP raised its FY13 FFO guidance by ~$0.05 at the midpoint to a new range of $5.06 to $5.18 (Consensus is $5.18 and ISI's revised estimate is $5.18 which is up a penny from our prior forecast). … We continue to expect a revision to Street NAVs as we move through '13 as several large free rent packages burn off and occupancy rates improve as tenants with signed leases move in. We understand the headwinds to CBD office space in 2013 but believe that BXP trades at a large discount to our forward NAV (7%) relative to the Office REITs (-6%) or the REIT sector (-1%) given the quality of the portfolio and strength of the balance sheet."

Boston Properties closed at $108.85 on Tuesday.

Latest Ratings for BXP

DateFirmActionFromTo
Jan 2015Deutsche BankMaintainsBuy
Jan 2015SunTrust Robinson HumphreyDowngradesBuyNeutral
Jan 2015BarclaysMaintainsOverweight

View More Analyst Ratings for BXP
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (BXP)

Around the Web, We're Loving...

Get Benzinga's Newsletters