Boston Properties (BXP) Updates FY13 Earnings Guidance
Boston Properties (BXP) updated its FY13 earnings guidance on Tuesday. The company provided EPS guidance of $5.00-5.15 for the period. Boston Properties also updated its Q4 guidance to $1.22-1.24 EPS.
Several analysts have also recently commented on the stock. Analysts at Barclays Capital reiterated an overweight rating on shares of Boston Properties in a research note to investors on Monday. They now have a $134.00 price target on the stock. On a related note, analysts at KeyBanc upgraded shares of Boston Properties from an underweight rating to a hold rating in a research note to investors on Thursday, September 20th. Finally, analysts at Citigroup upgraded shares of Boston Properties from a neutral rating to a buy rating in a research note to investors on Friday, September 7th. They now have a $128.00 price target on the stock, up previously from $110.00.
Shares of Boston Properties (BXP) traded down 1.46% during mid-day trading on Tuesday, hitting $107.69. Boston Properties (BXP) has a one year low of $88.40 and a one year high of $117.00. The company has a market cap of $16.236 billion and a P/E ratio of 45.80.
Boston Properties last issued its quarterly earnings data on Tuesday, October 23rd. The company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by $0.01. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that Boston Properties (BXP) will post $4.88 earnings per share for the current fiscal year.
Boston Properties, Inc. is an integrated, self-administered and self-managed real estate investment trust (REIT).
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