Equities research analysts expect Boston Properties, Inc. (NYSE:BXP) to report earnings of $1.43 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Boston Properties’ earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $1.55. Boston Properties posted earnings per share of $1.54 during the same quarter last year, which indicates a negative year-over-year growth rate of 7.1%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, January 30th.

On average, analysts expect that Boston Properties will report full-year earnings of $6.23 per share for the current year, with EPS estimates ranging from $6.18 to $6.27. For the next financial year, analysts expect that the company will report earnings of $6.36 per share, with EPS estimates ranging from $6.27 to $6.52. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Boston Properties.

Boston Properties (NYSE:BXP) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. The firm had revenue of $657.70 million for the quarter, compared to analysts’ expectations of $649.84 million. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. Boston Properties’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS.

A number of equities research analysts have commented on BXP shares. SunTrust Banks reiterated a “hold” rating and set a $130.00 target price on shares of Boston Properties in a report on Monday, October 9th. Argus lowered their target price on Boston Properties to $140.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Jefferies Group reiterated a “hold” rating and set a $124.00 target price on shares of Boston Properties in a report on Tuesday, October 24th. Mizuho reiterated a “hold” rating and set a $122.00 target price on shares of Boston Properties in a report on Friday, November 3rd. Finally, Royal Bank of Canada set a $140.00 target price on Boston Properties and gave the company a “buy” rating in a report on Monday, November 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $131.00.

Shares of Boston Properties (BXP) traded down $1.53 during trading hours on Tuesday, reaching $122.33. The company’s stock had a trading volume of 637,000 shares, compared to its average volume of 798,978. The firm has a market cap of $18,878.25, a PE ratio of 38.23, a PEG ratio of 3.44 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. Boston Properties has a 52-week low of $116.77 and a 52-week high of $140.13.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Boston Properties’s previous quarterly dividend of $0.75. Boston Properties’s dividend payout ratio is currently 100.00%.

In other Boston Properties 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 transaction of $730,859.40. Following the transaction, the insider now owns 585 shares of the company’s stock, valued at approximately $72,861.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.86% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its stake in shares of Boston Properties by 2.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 53,106 shares of the real estate investment trust’s stock worth $6,905,000 after purchasing an additional 1,490 shares during the period. DnB Asset Management AS raised its position in shares of Boston Properties by 5.7% in the 4th quarter. DnB Asset Management AS now owns 16,640 shares of the real estate investment trust’s stock worth $2,164,000 after buying an additional 900 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Boston Properties by 15.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 271,919 shares of the real estate investment trust’s stock worth $33,413,000 after buying an additional 35,776 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Boston Properties by 1.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 240,004 shares of the real estate investment trust’s stock worth $29,492,000 after buying an additional 3,884 shares during the period. Finally, Davis Selected Advisers raised its position in shares of Boston Properties by 63.5% in the 3rd quarter. Davis Selected Advisers now owns 121,572 shares of the real estate investment trust’s stock worth $14,939,000 after buying an additional 47,238 shares during the period. 95.34% of the stock is currently owned by institutional investors.

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Boston Properties Company Profile

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.

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

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