S&P Equity Research Picks BXP Focus Stock of the Week
NEW YORK, Jan. 10, 2011 /PRNewswire/ -- Boston Properties, Inc. (BXP: $85) has been picked by Standard & Poor's Equity Research as its Focus Stock of the Week. BXP carries S&P's highest investment recommendation of 5-STARS, or Strong Buy. Boston Properties is a real estate investment trust (REIT) that develops, acquires, operates and manages commercial properties, primarily office buildings.
"We consider BXP's two largest markets as measured by operating income, New York City and Washington, DC, to be among the top-performing U.S. real estate markets," said Royal Shepard, REITs Equity Analyst at Standard & Poor's Equity Research. "We expect Manhattan to benefit from renewed hiring in the financial sector, as well as a vibrant tourism industry. The office market in the nation's capital is benefiting from a large and growing workforce employed by the federal government."
In 2011, Shepard looks for an increased flow of capital into the commercial real estate market, particularly from investors looking to take advantage of distressed sellers. He observes that in many cases, owners of properties purchased at the height of the commercial real estate cycle in 2006-2007 are now unable to service related mortgage debt. "As one of the largest and best capitalized REITs, BXP is particularly well positioned to take advantage of acquisition opportunities," Mr. Shepard said.
To view a video of Mr. Shepard discussing BXP paste the following link into your browser.
About Standard & Poor's Equity Research Services
As the world's largest producer of independent equity research, Standard & Poor's licenses its research to global institutions for their investors and advisors. Standard & Poor's team of experienced U.S., European and Asian equity analysts use a fundamental, bottom-up approach to assess a global universe of multi-asset class securities across industries worldwide. Follow Standard & Poor's equity analysts' U.S. market commentary each day at http://www.equityresearch.standardandpoors.com/.
The equity research reports and recommendations provided by Standard & Poor's Equity Research Services are performed separately from any other analytic activity of Standard & Poor's. Standard & Poor's Equity Research Services has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade for its own account. The analytical and ethical conduct of Standard & Poor's equity analysts is governed by the firm's Research Objectivity Policy, a copy of which may also be found at www.standardandpoors.com or by clicking here.
For more information contact: |
|
Marc Eiger, Communications, Tel.: 212-438-1280 |
|
All information provided by Standard & Poor's is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance is no indication of future results. Standard & Poor's and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested. Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate. Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.
This material is based upon information that we consider to be reliable, but neither S&P nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. With respect to reports issued to clients in Japan and in the case of inconsistencies between the English and Japanese version of a report, the English version prevails. With respect to reports issued to clients in German and in the case of inconsistencies between the English and German version of a report, the English version prevails. Neither S&P nor its affiliates guarantee the accuracy of the translation. Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Neither S&P nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance is not necessarily indicative of future results.
SOURCE Standard & Poor's
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article