Analysts expect Boston Properties, Inc. (NYSE:BXP) to announce $680.69 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Boston Properties’ earnings. The lowest sales estimate is $679.38 million and the highest is $681.99 million. Boston Properties posted sales of $628.30 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that Boston Properties will report full-year sales of $2.72 billion for the current financial year, with estimates ranging from $2.72 billion to $2.73 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.78 billion, with estimates ranging from $2.74 billion to $2.86 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Boston Properties.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.68). The firm had revenue of $733.74 million during the quarter, compared to analysts’ expectations of $725.14 million. Boston Properties had a net margin of 18.96% and a return on equity of 6.80%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS.

BXP has been the subject of several analyst reports. Citigroup decreased their price objective on shares of Boston Properties from $142.00 to $131.00 and set a “neutral” rating for the company in a research note on Wednesday, August 14th. Robert W. Baird set a $152.00 target price on Boston Properties and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Morgan Stanley upgraded Boston Properties from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $123.00 to $126.00 in a report on Tuesday. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $138.04.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of Boston Properties by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 2,437,060 shares of the real estate investment trust’s stock worth $273,894,000 after acquiring an additional 186,025 shares during the period. Janney Montgomery Scott LLC increased its holdings in Boston Properties by 10.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,707 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 247 shares during the period. Janus Henderson Group PLC raised its position in Boston Properties by 45.7% during the 1st quarter. Janus Henderson Group PLC now owns 54,345 shares of the real estate investment trust’s stock valued at $7,283,000 after purchasing an additional 17,051 shares in the last quarter. Moors & Cabot Inc. bought a new stake in Boston Properties during the 1st quarter valued at $322,000. Finally, Robeco Institutional Asset Management B.V. raised its position in Boston Properties by 5.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 119,696 shares of the real estate investment trust’s stock valued at $16,025,000 after purchasing an additional 6,072 shares in the last quarter. Institutional investors own 90.58% of the company’s stock.

NYSE:BXP traded up $0.55 during mid-day trading on Friday, hitting $130.91. 937,131 shares of the stock traded hands, compared to its average volume of 678,565. The company has a quick ratio of 4.58, a current ratio of 4.58 and a debt-to-equity ratio of 1.51. Boston Properties has a 52 week low of $107.84 and a 52 week high of $140.35. The stock has a market capitalization of $20.05 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.99 and a beta of 0.88. The firm’s 50 day moving average is $128.95 and its two-hundred day moving average is $132.37.

Boston Properties Company Profile

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners 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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Earnings History and Estimates for Boston Properties (NYSE:BXP)

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