Boston Properties (NYSE:BXP) Issues FY22 Earnings Guidance

Boston Properties (NYSE:BXPGet Rating) issued an update on its FY22 earnings guidance on Monday morning. The company provided EPS guidance of $7.40-7.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.39. Boston Properties also updated its Q2 guidance to $1.84-1.86 EPS.

BXP stock opened at $117.24 on Tuesday. The firm’s 50-day moving average price is $124.41 and its two-hundred day moving average price is $119.47. Boston Properties has a 12-month low of $103.20 and a 12-month high of $133.11. The stock has a market capitalization of $18.37 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 2.77 and a beta of 1.08. The company has a current ratio of 4.54, a quick ratio of 4.54 and a debt-to-equity ratio of 1.64.

Boston Properties (NYSE:BXPGet Rating) last released its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.83). Boston Properties had a net margin of 17.49% and a return on equity of 6.26%. During the same quarter in the previous year, the firm posted $1.56 earnings per share. Equities analysts predict that Boston Properties will post 7.4 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, March 31st were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Wednesday, March 30th. Boston Properties’s dividend payout ratio is currently 123.66%.

Several brokerages recently issued reports on BXP. BMO Capital Markets upgraded shares of Boston Properties from a market perform rating to an outperform rating and boosted their price target for the company from $125.00 to $140.00 in a research report on Friday, January 7th. Truist Financial upped their price objective on shares of Boston Properties from $131.00 to $134.00 in a report on Tuesday, January 18th. StockNews.com started coverage on shares of Boston Properties in a report on Thursday, March 31st. They issued a hold rating on the stock. TheStreet upgraded shares of Boston Properties from a c+ rating to a b rating in a research note on Tuesday, January 25th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Boston Properties from $131.00 to $139.00 and gave the stock a buy rating in a research note on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Boston Properties has an average rating of Buy and an average price target of $131.36.

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,102 shares of the stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $120.52, for a total value of $2,543,213.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.09% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Richwood Investment Advisors LLC purchased a new stake in shares of Boston Properties in the fourth quarter worth $26,000. Penserra Capital Management LLC increased its stake in shares of Boston Properties by 23.2% in the fourth quarter. Penserra Capital Management LLC now owns 638 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 120 shares in the last quarter. NEXT Financial Group Inc increased its stake in shares of Boston Properties by 57.5% in the fourth quarter. NEXT Financial Group Inc now owns 655 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 239 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Boston Properties in the fourth quarter worth $151,000. Finally, Toroso Investments LLC purchased a new stake in shares of Boston Properties in the fourth quarter worth $207,000. Institutional investors and hedge funds own 98.02% of the company’s stock.

About Boston Properties (Get Rating)

Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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Earnings History and Estimates for Boston Properties (NYSE:BXP)

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