NEW YORK (TheStreet) -- Shares of Boston Properties (BXP) are down, slightly lower by 0.18% to $127.68 in early market trading Thursday, after the self-administered and self-managed real estate investment trust was downgraded to "neutral" from "outperform" by analysts at Robert W. Baird this morning.
Analysts at RW Baird cited valuation for its cut in rating, and set a price target of $128 on shares.
Boston Properties is a fully integrated REIT that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class-A office, industrial and hotel properties, operating in Boston, midtown Manhattan, Washington, D.C. and San Francisco.
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Separately, TheStreet Ratings team rates BOSTON PROPERTIES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOSTON PROPERTIES INC (BXP) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income."