KBW Has Market Perform On Boston Properties (BXP)

KBW has a Market Perform rating and a $100 price target on shares of Boston Properties

following earnings. In a note to investors, KBW writes, "BXP 1Q FFO/sh was $1.12, $0.02 ahead of our estimate, upside driven by core portfolio results. SS NOI +7.6% vs. +2.7% in 4Q. Lowered top-end of guidance for ATM equity issuance and NJ sale; new range $4.45-$4.55, vs. $4.45-$4.60 previously & our $4.55 est. (also consensus). Maintaining FFO estimates; increasing NAV and PT." Shares of BXP closed at $103.79 yesterday.