- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income has decreased by 22.6% when compared to the same quarter one year ago, dropping from $52.72 million to $40.81 million.
- BOSTON PROPERTIES INC's earnings per share declined by 23.7% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, BOSTON PROPERTIES INC reported lower earnings of $1.14 versus $1.75 in the prior year. This year, the market expects an improvement in earnings ($1.27 versus $1.14).
- Compared to its closing price of one year ago, BXP's share price has jumped by 39.81%, exceeding the performance of the broader market during that same time frame. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
- Net operating cash flow has significantly increased by 120.12% to $132.28 million when compared to the same quarter last year. In addition, BOSTON PROPERTIES INC has also vastly surpassed the industry average cash flow growth rate of 19.29%.
- BXP's revenue growth has slightly outpaced the industry average of 7.0%. Since the same quarter one year prior, revenues rose by 10.1%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
NEW YORK ( TheStreet Ratings) -- Every trading day TheStreet Ratings' stock model reviews the investment ratings on around 4,900 U.S. traded stocks for potential upgrades or downgrades based on the latest available financial results and trading activity. TheStreet Ratings released rating changes on 41 U.S. common stocks for week ending June 24, 2011. 16 stocks were upgraded and 25 stocks were downgraded by our stock model.
Rating Change #10 Boston Properties ( BXP) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Highlights from the ratings report include: