Boston Properties (NYSE:BXP) is scheduled to post its quarterly earnings results after the market closes on Tuesday, January 30th. Boston Properties has set its Q4 guidance at $1.53-1.54 EPS and its FY18 guidance at $6.20 – $6.36 EPS.
Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.03. The business had revenue of $657.70 million for 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%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS. On average, analysts expect Boston Properties to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of Boston Properties (BXP) opened at $123.47 on Tuesday. The stock has a market capitalization of $18,820.00, a P/E ratio of 38.46, a P/E/G ratio of 3.43 and a beta of 0.63. Boston Properties has a 1-year low of $116.77 and a 1-year high of $140.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.44 and a quick ratio of 0.44.
In other news, insider Bryan J. Koop sold 5,868 shares of Boston Properties 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 directly owns 585 shares in the company, valued at approximately $72,861.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by company insiders.
BXP has been the topic of several recent analyst reports. Jefferies Group reaffirmed a “hold” rating and set a $124.00 target price on shares of Boston Properties in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. SunTrust Banks reaffirmed a “hold” rating and set a $130.00 target price on shares of Boston Properties in a research note on Monday, October 9th. BMO Capital Markets downgraded Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 target price on the stock. in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “hold” rating on shares of Boston Properties in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $131.00.
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.
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