Boston Properties, Inc. (NYSE:BXP) – Equities research analysts at DA Davidson cut their Q1 2019 earnings per share (EPS) estimates for Boston Properties in a note issued to investors on Thursday, November 1st. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will earn $1.64 per share for the quarter, down from their previous estimate of $1.66. DA Davidson also issued estimates for Boston Properties’ Q2 2019 earnings at $1.71 EPS.
Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.05. Boston Properties had a return on equity of 6.75% and a net margin of 20.18%. The company had revenue of $686.28 million for the quarter, compared to analyst estimates of $674.30 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year.
Other equities analysts have also issued research reports about the company. TheStreet upgraded Boston Properties from a “c+” rating to a “b-” rating in a research note on Friday, August 3rd. Stifel Nicolaus lifted their target price on Boston Properties from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, August 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $118.00 target price on shares of Boston Properties in a research note on Wednesday, August 1st. Barclays reiterated a “buy” rating and issued a $134.00 target price on shares of Boston Properties in a research note on Tuesday, August 21st. Finally, SunTrust Banks lifted their target price on Boston Properties to $137.00 and gave the company a “hold” rating in a research note on Monday, August 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. Boston Properties currently has a consensus rating of “Hold” and an average price target of $134.67.
BXP opened at $122.44 on Monday. Boston Properties has a 1 year low of $111.57 and a 1 year high of $132.82. The company has a debt-to-equity ratio of 1.36, a quick ratio of 4.02 and a current ratio of 3.74. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 3.12 and a beta of 0.57.
Hedge funds and other institutional investors have recently modified their holdings of the business. Checchi Capital Advisers LLC acquired a new stake in Boston Properties in the third quarter worth about $202,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Boston Properties in the third quarter worth about $209,000. Piedmont Investment Advisors LLC acquired a new stake in Boston Properties in the second quarter worth about $227,000. Atria Investments LLC acquired a new stake in Boston Properties in the third quarter worth about $226,000. Finally, Fieldpoint Private Securities LLC boosted its holdings in Boston Properties by 53.6% in the second quarter. Fieldpoint Private Securities LLC now owns 2,006 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 700 shares in the last quarter. 94.31% of the stock is owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, September 27th.
Boston Properties Company Profile
Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.
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