Analysts expect Boston Properties, Inc. (NYSE:BXP) to post $1.56 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for Boston Properties’ earnings, with the lowest EPS estimate coming in at $1.54 and the highest estimate coming in at $1.58. Boston Properties reported earnings of $1.67 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.6%. The firm is expected to report its next quarterly earnings results on Tuesday, August 7th.
According to Zacks, analysts expect that Boston Properties will report full-year earnings of $6.32 per share for the current year, with EPS estimates ranging from $6.27 to $6.38. For the next financial year, analysts expect that the company will report earnings of $6.89 per share, with EPS estimates ranging from $6.73 to $7.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Boston Properties.
Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, April 24th. The real estate investment trust reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.50. The firm had revenue of $661.20 million during the quarter, compared to the consensus estimate of $648.23 million. Boston Properties had a net margin of 20.48% and a return on equity of 6.81%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share.
Several equities analysts recently commented on BXP shares. Argus reaffirmed a “buy” rating and set a $138.00 price objective (down previously from $140.00) on shares of Boston Properties in a research note on Monday, February 26th. ValuEngine raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Sunday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Boston Properties in a research note on Tuesday, February 27th. Citigroup reduced their price objective on shares of Boston Properties from $129.00 to $126.00 and set a “neutral” rating for the company in a research note on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $133.00 price objective (down previously from $136.00) on shares of Boston Properties in a research note on Tuesday, March 13th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $131.92.
In other news, insider Bryan J. Koop sold 10,560 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $124.27, for a total value of $1,312,291.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.88% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Gideon Capital Advisors Inc. purchased a new stake in shares of Boston Properties in the 1st quarter worth about $274,000. Private Vista LLC purchased a new stake in Boston Properties during the 1st quarter valued at about $440,000. 6 Meridian purchased a new stake in Boston Properties during the 1st quarter valued at about $446,000. Segall Bryant & Hamill LLC grew its position in Boston Properties by 37.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $501,000 after purchasing an additional 1,056 shares during the last quarter. Finally, Koch Industries Inc. purchased a new stake in Boston Properties during the 1st quarter valued at about $493,000. Institutional investors own 94.82% of the company’s stock.
Shares of Boston Properties traded up $3.23, hitting $125.60, during trading hours on Tuesday, according to Marketbeat.com. The company’s stock had a trading volume of 1,560,003 shares, compared to its average volume of 661,847. The company has a market capitalization of $18.89 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 3.40 and a beta of 0.57. Boston Properties has a 52-week low of $111.57 and a 52-week high of $132.00. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 1.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, June 29th will be issued a $0.80 dividend. The ex-dividend date is Thursday, June 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.55%.
Boston Properties Company Profile
Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including nine properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.
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