Research Analysts Set Expectations for Boston Properties, Inc.’s Q4 2017 Earnings (BXP)
Boston Properties, Inc. (NYSE:BXP) – Equities research analysts at KeyCorp issued their Q4 2017 earnings per share estimates for Boston Properties in a report issued on Monday. KeyCorp analyst C. Mailman forecasts that the real estate investment trust will earn $1.54 per share for the quarter. KeyCorp has a “Hold” rating on the stock.
A number of other equities analysts also recently commented on BXP. TheStreet raised shares of Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada cut shares of Boston Properties from a “top pick” rating to an “outperform” rating and dropped their price target for the company from $150.00 to $140.00 in a research report on Thursday, August 17th. Evercore ISI reiterated an “in-line” rating and set a $133.00 price target (up from $127.00) on shares of Boston Properties in a research report on Friday, October 6th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $130.00 price target on shares of Boston Properties in a research report on Monday. Finally, BidaskClub cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Boston Properties has a consensus rating of “Hold” and a consensus target price of $134.17.
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Shares of Boston Properties (NYSE:BXP) traded down 0.004% during trading on Thursday, reaching $127.995. 48,613 shares of the company traded hands. Boston Properties has a 52 week low of $113.69 and a 52 week high of $140.13. The stock has a market capitalization of $19.75 billion, a PE ratio of 43.388 and a beta of 0.65. The firm has a 50 day moving average of $122.38 and a 200 day moving average of $124.17.
Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 EPS for the quarter, beating the consensus estimate of $1.62 by $0.05. The company had revenue of $656.90 million for the quarter, compared to the consensus estimate of $645.96 million. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BT Investment Management Ltd acquired a new position in Boston Properties during the 2nd quarter worth approximately $8,518,000. Bank of Nova Scotia grew its holdings in Boston Properties by 917.9% during the 1st quarter. Bank of Nova Scotia now owns 35,127 shares of the real estate investment trust’s stock worth $4,651,000 after acquiring an additional 31,676 shares in the last quarter. Eii Capital Management Inc. grew its holdings in Boston Properties by 59.7% during the 2nd quarter. Eii Capital Management Inc. now owns 31,000 shares of the real estate investment trust’s stock worth $3,814,000 after acquiring an additional 11,590 shares in the last quarter. Vanguard Group Inc. grew its holdings in Boston Properties by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock worth $2,939,641,000 after acquiring an additional 398,674 shares in the last quarter. Finally, Credit Suisse AG grew its holdings in Boston Properties by 7.4% during the 1st quarter. Credit Suisse AG now owns 698,737 shares of the real estate investment trust’s stock worth $92,519,000 after acquiring an additional 48,354 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, September 28th. Boston Properties’s dividend payout ratio (DPR) is presently 102.04%.
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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