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Downgrade Alert for Boston Properties (BXP)

By James Quinn

Boston Properties (NYSE:BXP) was downgraded from Buy to Hold at Stifel today. The stock closed yesterday at $124.87 on volume of 917,000 shares, above average daily volume of 713,000.

Boston Properties has overhead space with shares priced $124.87, or 17.2% below the average consensus analyst price target of $150.89. Boston Properties shares should first meet resistance at the 50-day moving average (MA) of $131.21 and find additional resistance at the 200-day MA of $131.47.

In the past 52 weeks, shares of Boston Properties have traded between a low of $112.75 and a high of $146.07 and closed yesterday at $124.87, which is 11% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

Boston Properties, Inc. is a real estate investment trust. The trust owns, manages, and develops office properties in the United States, with a significant presence in Boston, Washington, D.C., Midtown Manhattan and San Francisco.

SmarTrend recommended that its subscribers protect gains by selling shares of Boston Properties on April 9th, 2015 by issuing a Downtrend alert when the shares were trading at $138.15. Since that call, shares of Boston Properties have fallen 9.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades boston properties

Ticker(s): BXP