Zacks Research Equities Analysts Reduce Earnings Estimates for Boston Properties, Inc. (NYSE:BXP)

Boston Properties, Inc. (NYSE:BXP) – Analysts at Zacks Research reduced their Q2 2024 earnings per share estimates for Boston Properties in a report released on Tuesday, May 21st. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings of $1.72 per share for the quarter, down from their prior estimate of $1.76. The consensus estimate for Boston Properties’ current full-year earnings is $7.05 per share. Zacks Research also issued estimates for Boston Properties’ FY2024 earnings at $7.05 EPS, Q1 2025 earnings at $1.74 EPS, Q3 2025 earnings at $1.85 EPS, Q4 2025 earnings at $1.83 EPS, FY2025 earnings at $7.23 EPS, Q1 2026 earnings at $1.83 EPS and FY2026 earnings at $7.59 EPS.

Several other analysts have also recently issued reports on the company. Wedbush dropped their target price on Boston Properties from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Evercore ISI decreased their price target on Boston Properties from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Deutsche Bank Aktiengesellschaft started coverage on Boston Properties in a research note on Tuesday, January 30th. They issued a “hold” rating and a $74.00 price target on the stock. BMO Capital Markets decreased their price target on Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. Finally, Truist Financial decreased their price target on Boston Properties from $77.00 to $75.00 and set a “hold” rating on the stock in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Boston Properties currently has an average rating of “Hold” and a consensus target price of $69.53.

Boston Properties Stock Down 1.0 %

Shares of NYSE:BXP opened at $61.73 on Wednesday. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 1.91. The business has a fifty day moving average of $62.10 and a two-hundred day moving average of $63.81. The stock has a market cap of $9.70 billion, a P/E ratio of 50.60, a PEG ratio of 0.24 and a beta of 1.15. Boston Properties has a 52-week low of $46.80 and a 52-week high of $73.97.

Boston Properties (NYSE:BXP) last issued its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($1.22). The company had revenue of $839.44 million during the quarter, compared to analysts’ expectations of $808.68 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 earnings per share.

Boston Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date was Wednesday, March 27th. Boston Properties’s dividend payout ratio is currently 321.31%.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Raymond A. Ritchey sold 14,150 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total value of $889,186.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Ieq Capital LLC increased its holdings in shares of Boston Properties by 1.5% in the 4th quarter. Ieq Capital LLC now owns 11,184 shares of the real estate investment trust’s stock valued at $785,000 after acquiring an additional 164 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in Boston Properties by 2.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 6,620 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 182 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Boston Properties by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,348 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 199 shares during the last quarter. Carson Advisory Inc. grew its stake in Boston Properties by 4.3% during the 4th quarter. Carson Advisory Inc. now owns 4,853 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 202 shares during the last quarter. Finally, Signaturefd LLC grew its stake in Boston Properties by 3.5% during the 3rd quarter. Signaturefd LLC now owns 6,909 shares of the real estate investment trust’s stock worth $411,000 after buying an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Boston Properties Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.