Wall Street analysts expect that Boston Properties, Inc. (NYSE:BXP) will report $1.51 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Boston Properties’ earnings. The highest EPS estimate is $1.53 and the lowest is $1.48. Boston Properties reported earnings per share of $1.48 in the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The company is scheduled to announce its next earnings results on Tuesday, April 24th.
On average, analysts expect that Boston Properties will report full year earnings of $6.34 per share for the current fiscal year, with EPS estimates ranging from $6.25 to $6.37. For the next year, analysts forecast that the firm will report earnings of $6.95 per share, with EPS estimates ranging from $6.87 to $7.04. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Boston Properties.
Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.02. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The firm had revenue of $655.23 million during the quarter, compared to analyst estimates of $654.36 million. During the same quarter last year, the business earned $0.94 EPS. The company’s revenue was up 3.0% compared to the same quarter last year.
BXP has been the subject of several analyst reports. Royal Bank of Canada set a $140.00 price target on shares of Boston Properties and gave the stock a “buy” rating in a report on Monday, November 27th. Argus reduced their price objective on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a research report on Thursday, November 16th. Edward Jones raised shares of Boston Properties from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Bank of America raised shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Thursday. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $134.00 price objective on shares of Boston Properties in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $132.09.
Boston Properties (NYSE BXP) opened at $119.64 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92. Boston Properties has a fifty-two week low of $111.57 and a fifty-two week high of $140.13. The stock has a market cap of $18,463.48, a P/E ratio of 40.83, a price-to-earnings-growth ratio of 3.26 and a beta of 0.58.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were given a $0.80 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.20 annualized dividend and a yield of 2.67%. This is an increase from Boston Properties’s previous quarterly dividend of $0.75. Boston Properties’s dividend payout ratio (DPR) is presently 109.22%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amica Retiree Medical Trust acquired a new stake in Boston Properties in the 3rd quarter valued at $105,000. NewSquare Capital LLC grew its position in Boston Properties by 12,184.0% in the 3rd quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 121,840 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in Boston Properties in the 3rd quarter valued at $125,000. Americafirst Capital Management LLC acquired a new stake in Boston Properties in the 3rd quarter valued at $169,000. Finally, Huntington National Bank boosted its holdings in Boston Properties by 397.1% during the 4th quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 1,219 shares during the last quarter. 94.98% of the stock is owned by institutional investors and hedge funds.
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About Boston Properties
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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