Boston Properties, Inc. (NYSE:BXP) – Investment analysts at Jefferies Financial Group dropped their Q1 2021 earnings per share estimates for Boston Properties in a research note issued to investors on Wednesday, January 13th. Jefferies Financial Group analyst P. Abramowitz now anticipates that the real estate investment trust will earn $1.65 per share for the quarter, down from their previous forecast of $1.67. Jefferies Financial Group also issued estimates for Boston Properties’ Q2 2021 earnings at $1.71 EPS, FY2021 earnings at $6.85 EPS and FY2023 earnings at $8.36 EPS.
BXP has been the topic of several other research reports. Raymond James reaffirmed a “buy” rating on shares of Boston Properties in a report on Friday, September 25th. JPMorgan Chase & Co. downgraded shares of Boston Properties from a “neutral” rating to an “underweight” rating and set a $86.00 target price on the stock. in a report on Monday, December 21st. Wells Fargo & Company lowered their target price on shares of Boston Properties from $125.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, September 23rd. Smith Barney Citigroup raised their price objective on shares of Boston Properties from $87.00 to $105.00 in a research note on Tuesday, December 15th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on shares of Boston Properties from $87.00 to $105.00 in a research note on Tuesday, December 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $102.82.
Boston Properties (NYSE:BXP) last issued its earnings results on Sunday, November 1st. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.64 by ($1.06). Boston Properties had a net margin of 35.17% and a return on equity of 12.31%.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 28th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.98 per share. The ex-dividend date is Wednesday, December 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.26%. Boston Properties’s dividend payout ratio (DPR) is 55.92%.
Several large investors have recently modified their holdings of the business. Orion Portfolio Solutions LLC lifted its holdings in shares of Boston Properties by 88.7% during the second quarter. Orion Portfolio Solutions LLC now owns 317 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 149 shares during the period. Meeder Asset Management Inc. raised its holdings in Boston Properties by 44.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 141 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Boston Properties by 75.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 535 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 230 shares during the period. Harbor Investment Advisory LLC raised its holdings in Boston Properties by 270.8% during the 3rd quarter. Harbor Investment Advisory LLC now owns 723 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 528 shares during the period. Finally, Huntington National Bank raised its holdings in Boston Properties by 76.7% during the 4th quarter. Huntington National Bank now owns 615 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 267 shares during the period. 86.86% of the stock is currently owned by institutional investors.
Boston Properties Company Profile
Boston Properties (NYSE: BXP) is the largest publicly-held developer and owner 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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