Boston Properties, Inc. (NYSE:BXP) – Analysts at Jefferies Group decreased their Q4 2017 earnings estimates for shares of Boston Properties in a research note issued on Monday. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $1.52 for the quarter, down from their prior forecast of $1.53. Jefferies Group currently has a “Hold” rating and a $124.00 target price on the stock. Jefferies Group also issued estimates for Boston Properties’ FY2018 earnings at $6.36 EPS and FY2019 earnings at $6.94 EPS.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The company had revenue of $657.70 million during the quarter, compared to the consensus estimate of $649.84 million. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. Boston Properties’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted $1.42 earnings per share.

Several other brokerages have also weighed in on BXP. KeyCorp reissued a “hold” rating on shares of Boston Properties in a report on Friday, September 1st. SunTrust Banks reaffirmed a “hold” rating and issued a $130.00 price target on shares of Boston Properties in a report on Monday, October 9th. Royal Bank Of Canada set a $140.00 price target on Boston Properties and gave the stock a “buy” rating in a report on Monday, November 27th. Mizuho reaffirmed a “hold” rating and issued a $122.00 price target on shares of Boston Properties in a report on Friday, November 3rd. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $133.00 price target (up from $127.00) on shares of Boston Properties in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $133.73.

Boston Properties (NYSE:BXP) opened at $125.49 on Wednesday. Boston Properties has a twelve month low of $116.77 and a twelve month high of $140.13. The firm has a market capitalization of $19,728.56, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 3.65 and a beta of 0.63. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92.

In related news, insider Bryan J. Koop sold 5,868 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total value of $730,859.40. Following the sale, the insider now owns 585 shares in the company, valued at $72,861.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.86% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amica Retiree Medical Trust purchased a new position in shares of Boston Properties in the third quarter worth about $105,000. Harbour Capital Advisors LLC increased its holdings in shares of Boston Properties by 12,201.8% in the second quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 13,422 shares during the period. NewSquare Capital LLC increased its holdings in shares of Boston Properties by 12,184.0% in the third quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 121,840 shares during the period. Fieldpoint Private Securities LLC purchased a new position in shares of Boston Properties in the third quarter worth about $125,000. Finally, Sun Life Financial INC increased its holdings in shares of Boston Properties by 10,118.2% in the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 1,113 shares during the period. Institutional investors and hedge funds own 95.58% of the company’s stock.

WARNING: “Boston Properties, Inc. to Post Q4 2017 Earnings of $1.52 Per Share, Jefferies Group Forecasts (BXP)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/12/06/boston-properties-inc-to-post-q4-2017-earnings-of-1-52-per-share-jefferies-group-forecasts-bxp.html.

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)

Receive News & Ratings for Boston Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.