Goldman Sachs Downgrades Boston Properties Inc. (BXP) to Neutral
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Price: $68.45 -1.06%
Rating Summary:
20 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
20 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Boston Properties Inc. (NYSE: BXP) from Buy to Neutral with a price target of $100, citing valuation and growth concerns.
The firm said, "The bottom line is, with the stock now trading at an implied cap rate of 5.3%, which is in line with the private market, we see valuation as full. In addition, the stock trades at 19X 2012E FFO, which is a 30% premium to the REIT sector average."
For more ratings news on Boston Properties Inc. click here and for the rating history of Boston Properties Inc. click here.
Shares of Boston Properties Inc. closed at $95.66 yesterday.
The firm said, "The bottom line is, with the stock now trading at an implied cap rate of 5.3%, which is in line with the private market, we see valuation as full. In addition, the stock trades at 19X 2012E FFO, which is a 30% premium to the REIT sector average."
For more ratings news on Boston Properties Inc. click here and for the rating history of Boston Properties Inc. click here.
Shares of Boston Properties Inc. closed at $95.66 yesterday.
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