Cantor Fitzgerald Starts Boston Properties Inc. (BXP) at Buy; Growth in Portfolio Supports Value

Cantor Fitzgerald initiates coverage on Boston Properties Inc. (NYSE: BXP) with a Buy. PT $115.00.

Analyst, Sri Nagarajan, said. "As of year-end 2011, Boston Properties' portfolio was 91.3% occupied, which we believe is a testament to the high quality and strong market exposure. The company has exposure to the largest CBD office markets in the U.S., with Class A office assets that typically outperform the markets due to their trophy status. We expect that rental rates and occupancy levels within these assets will continue to grow and that the overall market fundamentals will support additional development and acquisition opportunities."

For an analyst ratings summary and ratings history on Boston Properties Inc. click here. For more ratings news on Boston Properties Inc. click here.

Shares of Boston Properties Inc. closed at $104.33 yesterday.

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