Brokerages Anticipate Boston Properties (BXP) Will Announce Earnings of $1.50 Per Share

Analysts expect that Boston Properties (NYSE:BXP) will report $1.50 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Boston Properties’ earnings. The highest EPS estimate is $1.53 and the lowest is $1.48. Boston Properties posted earnings per share of $1.48 during the same quarter last year, which indicates a positive year over year growth rate of 1.4%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, April 24th.

According to Zacks, analysts expect that Boston Properties will report full-year earnings of $6.32 per share for the current fiscal year, with EPS estimates ranging from $6.25 to $6.36. For the next financial year, analysts anticipate that the business will report earnings of $6.93 per share, with EPS estimates ranging from $6.86 to $7.04. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Boston Properties.

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Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.02. The business had revenue of $655.23 million for the quarter, compared to the consensus estimate of $654.36 million. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. Boston Properties’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS.

BXP has been the topic of several recent analyst reports. Bank of America upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Thursday, February 15th. BMO Capital Markets downgraded shares of Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 target price on the stock. in a report on Tuesday, January 9th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Argus reiterated a “buy” rating and issued a $138.00 target price (down previously from $140.00) on shares of Boston Properties in a report on Monday, February 26th. Finally, Barclays dropped their target price on shares of Boston Properties from $135.00 to $131.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Boston Properties currently has a consensus rating of “Hold” and a consensus target price of $132.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec grew its position in Boston Properties by 2.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 17,246 shares of the real estate investment trust’s stock worth $2,128,000 after purchasing an additional 400 shares during the last quarter. Advisor Partners LLC grew its position in Boston Properties by 22.3% in the 4th quarter. Advisor Partners LLC now owns 2,353 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 429 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Boston Properties by 0.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 110,961 shares of the real estate investment trust’s stock worth $14,428,000 after purchasing an additional 476 shares during the last quarter. Candriam Luxembourg S.C.A. grew its position in Boston Properties by 3.4% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 14,970 shares of the real estate investment trust’s stock worth $1,947,000 after purchasing an additional 492 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its position in Boston Properties by 0.5% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 101,609 shares of the real estate investment trust’s stock worth $13,211,000 after purchasing an additional 554 shares during the last quarter. Institutional investors own 95.34% of the company’s stock.

Shares of Boston Properties stock traded up $0.75 during midday trading on Wednesday, reaching $120.65. 318,213 shares of the company’s stock traded hands, compared to its average volume of 830,870. The company has a market capitalization of $18,505.32, a P/E ratio of 19.31, a P/E/G ratio of 3.26 and a beta of 0.57. Boston Properties has a 52 week low of $111.57 and a 52 week high of $137.13. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.92.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.20 annualized dividend and a yield of 2.65%.

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Boston Properties Company Profile

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including eight properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.

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

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