Analysts Expect Boston Properties, Inc. (BXP) to Post $1.68 EPS

Wall Street analysts expect that Boston Properties, Inc. (NYSE:BXP) will report $1.68 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Boston Properties’ earnings. The highest EPS estimate is $1.70 and the lowest is $1.66. Boston Properties reported earnings of $1.49 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 12.8%. The business is scheduled to report its next quarterly earnings results on Tuesday, January 29th.

On average, analysts expect that Boston Properties will report full-year earnings of $6.38 per share for the current year, with EPS estimates ranging from $6.29 to $6.42. For the next fiscal year, analysts anticipate that the company will post earnings of $6.85 per share, with EPS estimates ranging from $6.78 to $6.93. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Boston Properties.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. The business had revenue of $686.28 million during the quarter, compared to analysts’ expectations of $674.30 million. Boston Properties had a return on equity of 6.75% and a net margin of 20.18%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share.

A number of analysts have commented on BXP shares. Scotiabank started coverage on Boston Properties in a research report on Tuesday, October 16th. They issued a “sector perform” rating for the company. JPMorgan Chase & Co. upgraded Boston Properties from a “neutral” rating to an “overweight” rating in a research report on Friday, October 5th. Jefferies Financial Group upgraded Boston Properties from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research report on Monday, October 15th. Barclays reiterated a “buy” rating and set a $125.00 target price on shares of Boston Properties in a research report on Sunday, October 14th. Finally, SunTrust Banks increased their target price on Boston Properties to $137.00 and gave the stock a “hold” rating in a research report on Monday, August 20th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $135.85.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Boston Properties by 1.1% during the second quarter. BlackRock Inc. now owns 15,893,856 shares of the real estate investment trust’s stock valued at $1,993,407,000 after buying an additional 169,036 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Boston Properties by 14.0% during the third quarter. IFM Investors Pty Ltd now owns 8,333 shares of the real estate investment trust’s stock valued at $1,026,000 after buying an additional 1,022 shares during the last quarter. Atria Investments LLC bought a new position in Boston Properties during the third quarter valued at approximately $226,000. Van ECK Associates Corp bought a new position in Boston Properties during the second quarter valued at approximately $4,049,000. Finally, First Hawaiian Bank bought a new position in Boston Properties during the third quarter valued at approximately $296,000. 95.74% of the stock is owned by institutional investors.

BXP traded down $0.33 during midday trading on Tuesday, reaching $131.87. The company had a trading volume of 172,349 shares, compared to its average volume of 695,530. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.36. The stock has a market cap of $20.26 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 3.43 and a beta of 0.60. Boston Properties has a 1 year low of $111.57 and a 1 year high of $132.82.

About Boston Properties

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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