Zacks Research Equities Analysts Reduce Earnings Estimates for Boston Properties, Inc. (NYSE:BXP)

Boston Properties, Inc. (NYSE:BXP – Get Rating) – Stock analysts at Zacks Research lowered their FY2025 earnings estimates for Boston Properties in a research report issued on Wednesday, March 15th. Zacks Research analyst M. Chattopadhyay now forecasts that the real estate investment trust will post earnings per share of $7.27 for the year, down from their previous forecast of $7.54. The consensus estimate for Boston Properties’ current full-year earnings is $7.14 per share.

Boston Properties (NYSE:BXP – Get Rating) last announced its earnings results on Wednesday, February 1st. The real estate investment trust reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($1.06). The company had revenue of $789.82 million for the quarter, compared to analysts’ expectations of $732.90 million. Boston Properties had a return on equity of 10.31% and a net margin of 27.31%. During the same period last year, the business earned $1.55 EPS.

Several other analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Boston Properties from a “buy” rating to a “hold” rating and reduced their price target for the stock from $91.00 to $74.00 in a research report on Wednesday, January 4th. Morgan Stanley reduced their price target on shares of Boston Properties from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 9th. Wells Fargo & Company reduced their price target on shares of Boston Properties from $76.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday. Mizuho reduced their price target on shares of Boston Properties from $95.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, January 4th. Finally, StockNews.com started coverage on shares of Boston Properties in a report on Thursday. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.39.

Boston Properties Trading Down 4.5 %

Shares of BXP stock opened at $51.10 on Friday. The firm has a market cap of $8.01 billion, a PE ratio of 9.46 and a beta of 1.08. Boston Properties has a 1-year low of $50.18 and a 1-year high of $133.11. The company has a debt-to-equity ratio of 1.73, a current ratio of 4.19 and a quick ratio of 4.19. The company has a 50-day moving average of $68.18 and a two-hundred day moving average of $71.33.

Boston Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 30th. Shareholders of record on Friday, December 30th were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $3.92 dividend on an annualized basis and a yield of 7.67%. Boston Properties’s payout ratio is currently 72.59%.

Insiders Place Their Bets

In other Boston Properties news, Director Matthew J. Lustig bought 10,000 shares of the stock in a transaction dated Wednesday, March 15th. The shares were acquired at an average cost of $52.92 per share, for a total transaction of $529,200.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $529,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Boston Properties

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Boston Properties by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 23,527,167 shares of the real estate investment trust’s stock valued at $1,763,832,000 after buying an additional 91,834 shares during the last quarter. BlackRock Inc. grew its position in Boston Properties by 0.5% in the 3rd quarter. BlackRock Inc. now owns 17,154,333 shares of the real estate investment trust’s stock valued at $1,286,059,000 after buying an additional 83,628 shares during the last quarter. Norges Bank purchased a new position in Boston Properties in the 4th quarter valued at $857,967,000. State Street Corp grew its position in Boston Properties by 0.4% in the 3rd quarter. State Street Corp now owns 11,071,148 shares of the real estate investment trust’s stock valued at $840,326,000 after buying an additional 47,386 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC grew its position in Boston Properties by 107,870.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,991,255 shares of the real estate investment trust’s stock valued at $404,889,000 after buying an additional 5,985,706 shares during the last quarter. 88.62% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties Company Profile

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Boston Properties, Inc operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H.