Equities analysts expect Boston Properties, Inc. (NYSE:BXP) to post $1.54 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Boston Properties’ earnings, with estimates ranging from $1.52 to $1.55. Boston Properties reported earnings per share of $0.50 in the same quarter last year, which would suggest a positive year over year growth rate of 208%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, November 1st.
On average, analysts expect that Boston Properties will report full year earnings of $6.24 per share for the current financial year, with EPS estimates ranging from $6.21 to $6.26. For the next year, analysts anticipate that the firm will report earnings of $6.41 per share, with EPS estimates ranging from $6.21 to $6.54. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Boston Properties.
Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.05. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The firm had revenue of $656.90 million during the quarter, compared to the consensus estimate of $645.96 million. During the same period last year, the firm posted $1.44 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis.
A number of research firms have recently commented on BXP. Jefferies Group LLC reissued a “hold” rating and issued a $121.00 target price on shares of Boston Properties in a report on Friday, July 14th. BidaskClub cut shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $150.00 target price on shares of Boston Properties in a report on Wednesday, July 5th. TheStreet raised shares of Boston Properties from a “c” rating to a “b-” rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $127.00 target price on shares of Boston Properties in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $132.91.
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Boston Properties (NYSE:BXP) opened at 128.06 on Wednesday. The company has a market capitalization of $19.76 billion, a P/E ratio of 43.41 and a beta of 0.65. The firm has a 50 day moving average of $122.65 and a 200-day moving average of $124.04. Boston Properties has a 52 week low of $113.69 and a 52 week high of $140.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be issued a $0.75 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.00 dividend on an annualized basis and a yield of 2.34%. Boston Properties’s dividend payout ratio (DPR) is presently 102.04%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BT Investment Management Ltd bought a new position in Boston Properties in the 2nd quarter valued at approximately $8,518,000. Bank of Nova Scotia raised its holdings in Boston Properties by 917.9% in the 1st quarter. Bank of Nova Scotia now owns 35,127 shares of the real estate investment trust’s stock valued at $4,651,000 after buying an additional 31,676 shares during the last quarter. Eii Capital Management Inc. raised its holdings in Boston Properties by 59.7% in the 2nd quarter. Eii Capital Management Inc. now owns 31,000 shares of the real estate investment trust’s stock valued at $3,814,000 after buying an additional 11,590 shares during the last quarter. AXA raised its holdings in Boston Properties by 22.9% in the 2nd quarter. AXA now owns 161,393 shares of the real estate investment trust’s stock valued at $19,855,000 after buying an additional 30,104 shares during the last quarter. Finally, Credit Suisse AG raised its holdings in Boston Properties by 7.4% in the 1st quarter. Credit Suisse AG now owns 698,737 shares of the real estate investment trust’s stock valued at $92,519,000 after buying an additional 48,354 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.
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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