Continue reading Boston Properties (BXP) drops on share offering

Boston Properties (BXP) drops on share offering originally appeared on BloggingStocks on Fri, 05 Jun 2009 14:30:00 EST. Please see our terms for use of feeds.

Boston Properties (NYSE: BXP) acquired the General Motors Building and a portfolio of office towers from Macklowe Properties for $3.9 billion in cash and debt.

Bank of America says: "Macklowe acquisition a Win-Win; Reiterate Buy."

BXP overall option implied volatility of 32 is near its 26-week average according to Track Data, suggesting non-directional risk.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Option Update: Boston Properties volatility flat into GM building acquisition originally appeared on BloggingStocks on Tue, 27 May 2008 08:12:00 EST. Please see our terms for use of feeds.

General Growth Prop(NYSE:GGP) share price is near its 32-month low. GGP is the 2nd largest U.S. based publicly traded Real Estate Investment Trust with 200 regional shopping malls in 45 states. GGP declared a dividend of $0.50 per share, payable January 31, 2008. GGP February option implied volatility of 57 is above its 26-week average of 37 according to Track Data, indicating larger price risk.

Boston Properties(NYSE:BXP) share price is near its 18-month low. BXP, an owner and developer of office properties in the United States, closed at $85.42. BXP will report Q4 EPS on January 29th. Mortimer Zuckerman is Chairman of the Board of BXP. BXP has a market cap of $10.1 billion with long term debt of $5.4 billion. BXP February option implied volatility of 40 is above its 26-week average of 28 according to Track Data, suggesting larger risk.

Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Options update: Real Estate Investment Trust volatilities up as Share prices down originally appeared on BloggingStocks on Tue, 08 Jan 2008 10:49:00 EST. Please see our terms for use of feeds.

• Deutsche Bank downgraded REITs AvalonBay (NYSE: AVB), Boston Properties (NYSE: BXP), Health Care REIT (NYSE: HCN), Kimco (NYSE: KIM) and Public Storage (NYSE: PSA) to Hold from Buy on valuation following the recent share appreciation.
  
• Business Objects (NASDAQ: BOBJ) was downgraded to Neutral from Outperform at Baird following its acquisition by SAP AG (NYSE: SAP).
  
• Wachovia downgraded Allstate Corporation (NYSE: ALL) to Market Perform from Outperform and P&C Insurance (NYSE: PGR) citing deteriorating fundamentals in personal lines.

• UBS downgraded BEA Systems (NASDAQ: BEAS) to Neutral from Buy.
  
• JP Morgan downgraded Merrill Lynch (NYSE: MER) to Neutral from Outperform.
  
• Sealy Corporation (NYSE: ZZ) was downgraded to Neutral from Buy at Banc of America.
  
• Friedman Billings downgraded technology stocks, lowering ASE Test Limited (NASDAQ: ASTSF), ASML Holding (NASDAQ: ASML), KLA-Tencor (NASDAQ: KLAC) and Rudolph Technologies (NASDAQ: RTEC) to Market Perform from Outperform.

Analyst downgrades: REITs, BOBJ, ALL and PGR originally appeared on BloggingStocks on Mon, 08 Oct 2007 11:05:00 EST. Please see our terms for use of feeds.

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• Goldman cut AutoNation (NYSE: AN) to Sell from Neutral based on potential for additional earnings shortfalls. The firm does not expect a sharp rebound in shares.

• Bear Stearns downgraded Darden Restaurants (NYSE: DRI) to Peer Perform from Outperform following its acquisition of Rare Hospitality.

• Rare Hospitality (NASDAQ: RARE) was cut to Hold from Buy at Keybanc following the acquisition offer from Darden.

• ChoicePoint (NYSE: CPS) was cut to Reduce from Neutral at Suntrust, citing the difficult macro environment, which will impact revenue growth in its low-barrier commoditized non-insurance operations...

• Alliance Holdings (NASDAQ: AHGP) was cut to Hold from Buy at AG Edwards.

• UBS downgraded SL Green Realty (NYSE: SLG) and Boston Properties (NYSE: BXP) to Neutral from Buy.

• Morgan Stanley downgraded Countrywide Financial (NYSE: CFC) to Equal Weight from Overweight.

Analyst downgrades: AN, CFC, DRI and RARE originally appeared on BloggingStocks on Fri, 17 Aug 2007 10:31:00 EST. Please see our terms for use of feeds.

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• Coca-Cola (NYSE: KO) was upgraded to Buy from Hold at Citigroup, as the firm believes the company is addressing growth issues through recent acquisitions and notes that there are signs of stabilization in Japan.
• Fiserv (NASDAQ: FISV) was upgraded to Outperform from Neutral at Cowen based on valuation, upside from restructuring, new management's willingness to unlock value, and the potential possibility of a company sale.
• Deutsche Bank upgraded Apartment Investment and Management Co (NYSE: AIV), AvalonBay Communities (NYSE: AVB), Boston Properties (NYSE: BXP), Developers Diversified Realty Corp (NYSE: DDR), Kilroy Realty Corp (NYSE: KRC), Kimco Realty Corp (NYSE: KIM), Macerich Co (NYSE: MAC) and Simon Property Group (NYSE: SPG).

• RBC Capital upgraded Texas Roadhouse (NASDAQ: TXRH) to Outperform from Sector Perform, citing valuation and improved EPS outlook.
• Kenexa Corp (NASDAQ: KNXA) was upgraded to Outperform from Neutral at Credit Suisse, citing valuation and reduced risk from the BrassRing acquisition.
• Goldman Sachs added Foster Wheeler (NASDAQ: FWLT) added to its Conviction Buy List, citing valuation and leverage to energy infrastructure build and power.
• Goldman also added ProLogis (NYSE: PLD) to its Conviction Buy list, citing upside to FFO guidance, favorable domestic and international demand and above-average development margins.

Analyst upgrades 5-30-07: Coca-Cola upgraded to Buy originally appeared on BloggingStocks on Wed, 30 May 2007 11:11:00 EST. Please see our terms for use of feeds.