See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Moody's Corporation (MCO) - free report >>
BXP, Inc. (BXP) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Moody's Corporation (MCO) - free report >>
BXP, Inc. (BXP) - free report >>
Image: Bigstock
Boston Properties' (BXP) Rating Affirmed, Outlook Positive
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
BOSTON PPTYS Price | BOSTON PPTYS Quote
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 >>