Boston Properties, Inc. (NYSE:BXP) – Investment analysts at KeyCorp lifted their FY2017 earnings per share estimates for Boston Properties in a research report issued on Thursday. KeyCorp analyst C. Mailman now expects that the real estate investment trust will post earnings per share of $6.24 for the year, up from their prior estimate of $6.22. KeyCorp also issued estimates for Boston Properties’ FY2018 earnings at $6.40 EPS.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.05. The firm had revenue of $656.90 million for the quarter, compared to the consensus estimate of $645.96 million. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS.

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A number of other equities analysts also recently issued reports on the stock. Royal Bank Of Canada downgraded shares of Boston Properties from a “top pick” rating to an “outperform” rating and decreased their price target for the stock from $150.00 to $140.00 in a research note on Thursday. TheStreet raised shares of Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Barclays PLC decreased their price target on shares of Boston Properties from $141.00 to $137.00 and set an “overweight” rating for the company in a research note on Tuesday, July 18th. Finally, Zacks Investment Research downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Boston Properties currently has an average rating of “Hold” and a consensus price target of $134.73.

Boston Properties (NYSE BXP) opened at 121.06 on Friday. The firm’s 50-day moving average price is $121.18 and its 200 day moving average price is $127.46. The firm has a market capitalization of $18.68 billion, a P/E ratio of 41.04 and a beta of 0.64. Boston Properties has a one year low of $113.69 and a one year high of $143.65.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Wednesday, June 28th. Boston Properties’s dividend payout ratio (DPR) is currently 102.04%.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Boston Properties by 1.8% in the first quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock valued at $2,939,641,000 after buying an additional 398,674 shares during the period. BlackRock Inc. increased its stake in shares of Boston Properties by 2.4% in the second quarter. BlackRock Inc. now owns 14,996,676 shares of the real estate investment trust’s stock valued at $1,844,893,000 after buying an additional 346,189 shares during the period. FMR LLC increased its stake in shares of Boston Properties by 1.0% in the first quarter. FMR LLC now owns 9,801,296 shares of the real estate investment trust’s stock valued at $1,297,790,000 after buying an additional 101,344 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Boston Properties by 45.5% in the first quarter. JPMorgan Chase & Co. now owns 3,942,489 shares of the real estate investment trust’s stock valued at $522,026,000 after buying an additional 1,233,425 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Boston Properties by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 3,759,436 shares of the real estate investment trust’s stock valued at $462,486,000 after buying an additional 17,992 shares during the period. 93.80% of the stock is owned by institutional investors.

About Boston Properties

Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.

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

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