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BXP

Boston Properties

$131.49

-1.4 (-1.05%)

08:51
03/25/19
03/25
08:51
03/25/19
08:51

Boston Properties upgraded to Outperform at Evercore ISI on lower rate outlook

As previously reported, Evercore ISI analyst Steve Sakwa upgraded Boston Properties to Outperform and raised his price target to $142 from $136 to reflect last week's "collapse in bond yields". The analyst notes that outside of the broader benefits of lower interest rates on REITs, he is also positive on Boston Properties' exposure to the West Coast and Boston Markets, which continue to indicate limited supply risk over the next few years as well as strong demand and rent growth.

BXP Boston Properties
$131.49

-1.4 (-1.05%)

02/04/19
LEHM
02/04/19
NO CHANGE
LEHM
Barclays upgrades U.S. REITs sector to Positive from Neutral
Barclays analyst Ross Smotrich upgraded his sector rating on U.S. Real Estate Investment Trusts to Positive from Neutral. Late cycle concerns around slowing growth, rising interest rates and full asset values are overdone, Smotrich tells investors in a research note. The analyst believes that real estate fundamentals "have a good runway for continued strength, particularly compared to the slowing broader market." In Multifamily, the analyst upgraded the sub-sector to Positive, reiterates Overweight ratings on Essex Property Trust (ESS) and MAA (MAA), upgraded Camden Property Trust (CPT) to Overweight from Equal Weight for exposure to "18 hour cities" and downgraded Aimco (AIV) to Equal Weight from Overweight on slowing growth. In Office, Smotrich keeps a Neutral sub-sector rating "with a Positive tilt." His outlook for the sector is improving given "healthy underlying fundamentals and attractive valuations." He upgraded both SL Green Realty (SLG) and Brandywine Realty (BDN) to Overweight from Equal Weight, and Douglas Emmett (DEI) to Equal Weight from Underweight. The analyst maintain Overweight ratings on Alexandria Real Estate (ARE), Boston Properties (BXP) and Hudson Pacific (HPP). In Retail, the analyst tells investors to stay selective. He prefers larger companies with "better-quality assets, balance sheet flexibility, the ability to take share and grow earnings even as retailers evolve and rationalization store counts." Smotrich upgraded Regency Centers (REG) to Overweight from Equal Weight, reaffirmed Overweights on both Kimco Realty (KIM) and Simon Property (SPG), and downgraded Kite Realty Group (KRG) to Equal Weight from Overweight.
03/13/19
MSCO
03/13/19
DOWNGRADE
MSCO
Underweight
Boston Properties downgraded to Underweight from Equal Weight at Morgan Stanley
03/13/19
MSCO
03/13/19
DOWNGRADE
MSCO
Underweight
Morgan Stanley cautious on NYC office REITs, cuts SL Green, Boston Properties
As previously reported, Morgan Stanley analyst Vikram Malhotra downgraded SL Green Realty (SLG) and Boston Properties (BXP), both to Underweight from Equal Weight, as he remains cautious on NYC office REITs. While acknowledging that the current 25% discount to net asset value may make NYC office REITs attractive, his deep dive into 200 NYC deals showed him that this metric could be misleading and in fact REITs are pricing in optimistic long-term growth based on cash flow metrics. For SL Green, Malhotra sees growing execution risks that could drive lower than anticipated cash flow growth. For Boston Properties, he believes the REIT's defensive attributes are "more than priced in" to its share price. Malhotra also upgraded Paramount Group (PGRE) to Equal Weight from Underweight, as previously reported, telling investors that he now thinks modest expirations and strong operating income growth are balanced by valuation. Malhotra lowered his price target on SL Green shares to $85.50 from $97, cut his target on Boston to $116 from $130, raised his target on Paramount to $15 from $13.25, lowered his target on Vornado (VNO) to $72 from $76 and edged up his target on Columbia Property (CXP) to $22.50 from $21.25.
03/25/19
EVER
03/25/19
UPGRADE
EVER
Outperform
Boston Properties upgraded to Outperform from In Line at Evercore ISI

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GPS

Gap

$16.66

-0.36 (-2.12%)

10:55
12/13/19
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Options
Gap put volume heavy and directionally bearish »

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10:55
12/13/19
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Conference/Events
Federal Reserve Bank of New York president participates in a discussion »

New York Federal Reserve…

SPT

Sprout Social

$0.00

(0.00%)

10:52
12/13/19
12/13
10:52
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10:52
Syndicate
Sprout Social indicated to open at $19.25, IPO priced at $17.00 »

Sprout Social (SPT)…

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  • 13

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$317.49

0.35 (0.11%)

10:47
12/13/19
12/13
10:47
12/13/19
10:47
General news
U.S. Trade Representative says Phase One trade deal with China 'enforceable' »

United States Trade…

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S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$317.49

0.35 (0.11%)

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UNH

UnitedHealth

$286.83

3.03 (1.07%)

10:45
12/13/19
12/13
10:45
12/13/19
10:45
Options
UnitedHealth call volume above normal and directionally bullish »

Bullish option flow…

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10:45
12/13/19
12/13
10:45
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10:45
General news
Breaking General news story  »

New York Federal Reserve…

10:45
12/13/19
12/13
10:45
12/13/19
10:45
General news
Breaking General news story  »

New York Federal Reserve…

ALG

Alamo Group

$117.70

0.51 (0.44%)

10:43
12/13/19
12/13
10:43
12/13/19
10:43
Conference/Events
Alamo Group management to meet with Sidoti »

Meetings to be held in…

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ABT

Abbott

$86.48

0.5 (0.58%)

10:40
12/13/19
12/13
10:40
12/13/19
10:40
Hot Stocks
Abbott raises quarterly dividend 12.5% to 36c per share »

The board of directors of…

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EXPO

Exponent

$65.46

-0.62 (-0.94%)

10:37
12/13/19
12/13
10:37
12/13/19
10:37
Conference/Events
Exponent management to meet with Sidoti »

Meeting to be held in…

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  • 18

    Dec

FLWS

1-800-Flowers.com

$13.56

0.29 (2.19%)

10:35
12/13/19
12/13
10:35
12/13/19
10:35
Conference/Events
1-800-Flowers.com management to meet with Sidoti »

Meeting to be held in…

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  • 18

    Dec

FFIV

F5 Networks

$142.79

-0.84 (-0.58%)

10:35
12/13/19
12/13
10:35
12/13/19
10:35
Periodicals
Police raid Moscow office of F5 Networks' NGINX, ZDNet reports »

On Thursday, police…

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SPPI

Spectrum

$8.89

0.21 (2.42%)

10:35
12/13/19
12/13
10:35
12/13/19
10:35
Options
Spectrum put volume heavy and directionally bearish »

Bearish flow noted in…

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SRPT

Sarepta

$133.61

33.22 (33.09%)

10:34
12/13/19
12/13
10:34
12/13/19
10:34
On The Fly
Sarepta jumps as analysts react to 'surprise' FDA reversal on Vyondys53 »

Shares of Sarepta…

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GPS

Gap

$17.02

(0.00%)

10:32
12/13/19
12/13
10:32
12/13/19
10:32
Hot Stocks
Gap's Old Navy unit teams up with Postmates for on-demand gift delivery »

Gap's Old Navy unit…

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10:30
12/13/19
12/13
10:30
12/13/19
10:30
General news
Treasury Action: yields remain lower, led by the front end, amid a lack of clarity »

Treasury Action: yields…

10:30
12/13/19
12/13
10:30
12/13/19
10:30
General news
The October U.S. business inventory report tracked estimates »

The October U.S. business…

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$317.78

0.64 (0.20%)

10:29
12/13/19
12/13
10:29
12/13/19
10:29
General news
Breaking General news story on S&P 500, SPDR S&P 500 ETF Trust »

Trump says Phase Two…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$317.78

0.64 (0.20%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$318.00

0.86 (0.27%)

10:29
12/13/19
12/13
10:29
12/13/19
10:29
General news
Breaking General news story on S&P 500, SPDR S&P 500 ETF Trust »

Trump says 25% tariffs on…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$318.00

0.86 (0.27%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$318.23

1.09 (0.34%)

10:27
12/13/19
12/13
10:27
12/13/19
10:27
General news
Trump says Dec. 15 tariffs will not be charged due to phase one deal »

President Trump just…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$318.23

1.09 (0.34%)

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AMRN

Amarin

$23.91

0.91 (3.96%)

10:25
12/13/19
12/13
10:25
12/13/19
10:25
Options
Amarin call volume above normal and directionally bullish »

Bullish option flow…

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  • 28

    Dec

MSFT

Microsoft

$154.18

0.95 (0.62%)

10:25
12/13/19
12/13
10:25
12/13/19
10:25
Hot Stocks
Microsoft unveils Xbox Series X, available Holiday 2020 »

Microsoft announced that…

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10:25
12/13/19
12/13
10:25
12/13/19
10:25
General news
FX Action: USD-JPY »

FX Action: USD-JPY is…

10:25
12/13/19
12/13
10:25
12/13/19
10:25
Conference/Events
JPMorgan media analyst to hold an analyst/industry conference call »

Media Analyst Quadrani…

QSR

Restaurant Brands

$66.41

-0.105 (-0.16%)

, PZZA

Papa John's

$60.62

0.15 (0.25%)

10:19
12/13/19
12/13
10:19
12/13/19
10:19
Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

QSR

Restaurant Brands

$66.41

-0.105 (-0.16%)

PZZA

Papa John's

$60.62

0.15 (0.25%)

COP

ConocoPhillips

$63.35

0.77 (1.23%)

VIAC

ViacomCBS

$38.42

0.63 (1.67%)

SAFM

Sanderson Farms

$167.90

1.24 (0.74%)

03/08/13
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  • 18

    Dec

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    Dec

  • 04

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