Zacks: Analysts Anticipate Boston Properties, Inc. (NYSE:BXP) to Post $1.74 Earnings Per Share

Brokerages predict that Boston Properties, Inc. (NYSE:BXP) will post $1.74 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Boston Properties’ earnings. The highest EPS estimate is $1.76 and the lowest is $1.73. Boston Properties reported earnings of $1.58 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 10.1%. The business is expected to report its next earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Boston Properties will report full-year earnings of $6.99 per share for the current financial year, with EPS estimates ranging from $6.94 to $7.02. For the next fiscal year, analysts anticipate that the business will report earnings of $7.43 per share, with EPS estimates ranging from $7.29 to $7.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Boston Properties.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.06. Boston Properties had a net margin of 18.15% and a return on equity of 6.31%. The business had revenue of $725.80 million during the quarter, compared to the consensus estimate of $703.16 million. During the same quarter last year, the firm earned $1.49 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis.

A number of brokerages have weighed in on BXP. Evercore ISI raised shares of Boston Properties from an “in-line” rating to an “outperform” rating and set a $131.51 target price for the company in a research note on Monday, March 25th. Morgan Stanley raised their target price on shares of Boston Properties from $116.00 to $123.00 and gave the company an “underweight” rating in a research note on Monday, June 17th. Zacks Investment Research downgraded shares of Boston Properties from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Deutsche Bank raised their target price on shares of Boston Properties from $134.00 to $138.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Finally, ValuEngine downgraded shares of Boston Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Boston Properties has a consensus rating of “Hold” and a consensus target price of $137.29.

In other news, insider Bryan J. Koop sold 5,616 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $133.95, for a total transaction of $752,263.20. Following the sale, the insider now owns 10,175 shares in the company, valued at $1,362,941.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Bryan J. Koop sold 4,121 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $134.40, for a total transaction of $553,862.40. Following the sale, the insider now owns 585 shares in the company, valued at approximately $78,624. The disclosure for this sale can be found here. Corporate insiders own 0.99% of the company’s stock.

Large investors have recently bought and sold shares of the company. Rational Advisors LLC boosted its holdings in Boston Properties by 66.4% in the first quarter. Rational Advisors LLC now owns 203 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 81 shares during the last quarter. Shine Investment Advisory Services Inc. boosted its holdings in Boston Properties by 58.7% in the first quarter. Shine Investment Advisory Services Inc. now owns 246 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 91 shares during the last quarter. JOYN Advisors Inc. boosted its holdings in Boston Properties by 63.3% in the fourth quarter. JOYN Advisors Inc. now owns 276 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 107 shares during the last quarter. Doyle Wealth Management purchased a new stake in Boston Properties in the fourth quarter worth approximately $34,000. Finally, Kaizen Advisory LLC boosted its holdings in Boston Properties by 21.5% in the fourth quarter. Kaizen Advisory LLC now owns 435 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Shares of NYSE BXP opened at $129.00 on Friday. Boston Properties has a fifty-two week low of $107.84 and a fifty-two week high of $140.35. The firm’s 50 day simple moving average is $133.37. The company has a market capitalization of $19.86 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.89 and a beta of 0.91. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 1.38.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, June 27th. Boston Properties’s payout ratio is 60.32%.

Boston Properties Company Profile

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners 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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