Boston Properties, Inc. (NYSE:BXP)
February 13th, 2019
With markets going up Boston Properties, Inc. went up $1.02 Wednesday which equals a 0.77% jump, closing at $133.71. Furthermore it hit a new 52 week high of $134.03. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.39.
BXP outperformed the rest of the Real Estate sector which went up 0.58% today.
Boston Properties, Inc. is listed on the S&P 500 index, and was one of 332 stocks that rose today. Weighted by market cap, BXP represents about 0.08% of the S&P 500.
Expectations from 21 analysts suggest that Boston Properties, Inc. could rise somewhat (2.55%), while Finbox has calculated (with medium uncertainty) a fair value price of $109.66.
The market sectors were mixed Wednesday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.29%), while Utilities saw the biggest drop (-0.31%). Industrials has seen the biggest year-to-date gain at 15.68%.
Energy saw the biggest turnaround from its 5-day performance of -1.99%, as it went up 1.29%. Utilities saw a turn around from its 5-day performance of 1.76% trading down -0.31%.
- Energy went up with a 1.29% change.
- Industrials went up with a 0.63% change.
- Consumer Discretionary went up with a 0.62% change.
- Real Estate went up with a 0.58% change.
- Consumer Staples went up with a 0.25% change.
- Healthcare went up with a 0.25% change.
- Financials went up with a 0.20% change.
- Information Technology went up with a 0.14% change.
- Materials went up with a 0.10% change.
- Communication Services went down with a -0.10% change.
- Utilities went down with a -0.31% change.
Boston Properties, Inc. Info
Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company’s portfolio totals 52.7 million square feet and 200 properties, including fourteen properties under construction.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Boston Properties, Inc.’s score is 1.39) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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