Ushering in good news for Boston Properties Inc. (BXP - Free Report) , Moody's Investors Service, Inc., the rating arm of Moody’s Corp. (MCO - Free Report) announced that it has affirmed the ratings of the company and revised the outlook to positive from stable.
Per the rating agency, this move reveals the progress made by Boston Properties in lowering its secured leverage and increasing the unencumbered asset ratio. Further, a measured approach pursued by the Massachusetts-based real estate investment trust (“REIT”) pertaining to its development expenses along with the robust earnings streams, led to this upward revision.
To be specific, secured leverage improved from 20% in first-quarter 2015 to 16.1% in first-quarter 2016. Further, during the same time frame unencumbered asset ratio rose from 66% to 74%. Importantly, the unencumbered asset ratio is likely to further move up on the back of new unencumbered acquisitions and development activities.
The rating affirmation reassures a company’s creditworthiness in the market and is likely to support investors’ confidence in the stock. This ensures continuous accessibility to the capital required for a company’s growth.
Boston Properties owns and develops Class A office real estates in the U.S. The company also operates retail properties, residential properties and a hotel.
BOSTON PPTYS Price
Currently, Boston Properties has a Zacks Rank #2 (Buy) and Moody’s carries a Zacks Rank #3 (Hold).
Investors interested in the REIT sector can consider other favorably ranked stocks like Equity Commonwealth (EQC - Free Report) and W. P. Carey Inc. (WPC - Free Report) . Both these stocks sport a Zacks Rank #1 (Strong Buy).
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Ushering in good news for Boston Properties Inc. (BXP - Free Report) , Moody's Investors Service, Inc., the rating arm of Moody’s Corp. (MCO - Free Report) announced that it has affirmed the ratings of the company and revised the outlook to positive from stable.
Per the rating agency, this move reveals the progress made by Boston Properties in lowering its secured leverage and increasing the unencumbered asset ratio. Further, a measured approach pursued by the Massachusetts-based real estate investment trust (“REIT”) pertaining to its development expenses along with the robust earnings streams, led to this upward revision.
To be specific, secured leverage improved from 20% in first-quarter 2015 to 16.1% in first-quarter 2016. Further, during the same time frame unencumbered asset ratio rose from 66% to 74%. Importantly, the unencumbered asset ratio is likely to further move up on the back of new unencumbered acquisitions and development activities.
The rating affirmation reassures a company’s creditworthiness in the market and is likely to support investors’ confidence in the stock. This ensures continuous accessibility to the capital required for a company’s growth.
Boston Properties owns and develops Class A office real estates in the U.S. The company also operates retail properties, residential properties and a hotel.
BOSTON PPTYS Price
Currently, Boston Properties has a Zacks Rank #2 (Buy) and Moody’s carries a Zacks Rank #3 (Hold).
Investors interested in the REIT sector can consider other favorably ranked stocks like Equity Commonwealth (EQC - Free Report) and W. P. Carey Inc. (WPC - Free Report) . Both these stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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