Analysts Anticipate Boston Properties, Inc. (NYSE:BXP) to Post $1.83 Earnings Per Share

Equities research analysts expect Boston Properties, Inc. (NYSE:BXP – Get Rating) to post $1.83 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Boston Properties’ earnings, with the highest EPS estimate coming in at $1.85 and the lowest estimate coming in at $1.81. Boston Properties posted earnings of $1.72 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Boston Properties will report full-year earnings of $7.40 per share for the current fiscal year, with EPS estimates ranging from $7.35 to $7.44. For the next year, analysts expect that the company will post earnings of $7.99 per share, with EPS estimates ranging from $7.91 to $8.06. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Boston Properties.

Boston Properties (NYSE:BXP – Get Rating) last issued its earnings results on Monday, May 2nd. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.24. Boston Properties had a net margin of 18.69% and a return on equity of 6.80%. During the same quarter last year, the company earned $1.56 earnings per share.

Several research analysts have recently weighed in on BXP shares. StockNews.com started coverage on Boston Properties in a research note on Thursday, March 31st. They set a “hold” rating for the company. TheStreet upgraded Boston Properties from a “c+” rating to a “b” rating in a research note on Tuesday, January 25th. Mizuho raised Boston Properties from a “neutral” rating to a “buy” rating and raised their target price for the stock from $120.00 to $135.00 in a research report on Thursday, April 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Boston Properties from $131.00 to $139.00 and gave the stock a “buy” rating in a research report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $131.36.

In other news, EVP Raymond A. Ritchey sold 21,102 shares of the company’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.09% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Allworth Financial LP increased its holdings in shares of Boston Properties by 4,800.0% during the first quarter. Allworth Financial LP now owns 196 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 192 shares in the last quarter. Tcwp LLC purchased a new position in shares of Boston Properties in the 1st quarter valued at about $26,000. Richwood Investment Advisors LLC acquired a new stake in shares of Boston Properties during the 4th quarter worth about $26,000. Riverview Trust Co acquired a new position in Boston Properties during the first quarter worth approximately $30,000. Finally, Chilton Capital Management LLC purchased a new position in shares of Boston Properties in the 4th quarter valued at approximately $29,000. 98.02% of the stock is owned by hedge funds and other institutional investors.

Shares of BXP stock traded up $0.84 during trading hours on Monday, reaching $106.07. 1,051,565 shares of the company’s stock were exchanged, compared to its average volume of 880,630. The stock’s fifty day moving average price is $121.59 and its two-hundred day moving average price is $119.13. The stock has a market cap of $16.62 billion, a PE ratio of 30.39, a PEG ratio of 2.47 and a beta of 1.08. Boston Properties has a 1 year low of $103.82 and a 1 year high of $133.11. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.65.

The company also recently announced a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, March 31st were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Wednesday, March 30th. Boston Properties’s dividend payout ratio is presently 112.32%.

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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