Zacks: Brokerages Expect Boston Properties (BXP) Will Announce Earnings of $1.57 Per Share

Wall Street analysts predict that Boston Properties (NYSE:BXP) will announce $1.57 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Boston Properties’ earnings. The highest EPS estimate is $1.60 and the lowest is $1.53. Boston Properties posted earnings of $1.67 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 6%. The firm is scheduled to issue its next earnings report on Tuesday, August 7th.

According to Zacks, analysts expect that Boston Properties will report full year earnings of $6.31 per share for the current year, with EPS estimates ranging from $6.27 to $6.35. For the next financial year, analysts forecast that the company will post earnings of $6.92 per share, with EPS estimates ranging from $6.85 to $7.05. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Boston Properties.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.50. The company had revenue of $661.20 million during the quarter, compared to the consensus estimate of $648.23 million. Boston Properties had a return on equity of 6.81% and a net margin of 20.48%. Boston Properties’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.63 earnings per share.

A number of analysts recently commented on BXP shares. Edward Jones raised Boston Properties from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Argus reaffirmed a “buy” rating and set a $138.00 price target (down from $140.00) on shares of Boston Properties in a research report on Monday, February 26th. Bank of America raised Boston Properties from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Thursday, February 15th. Jefferies Group reaffirmed a “hold” rating on shares of Boston Properties in a research report on Tuesday, February 27th. Finally, SunTrust Banks set a $127.00 price objective on Boston Properties and gave the company a “hold” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Boston Properties presently has an average rating of “Hold” and an average price target of $131.54.

In other Boston Properties news, insider Bryan J. Koop sold 10,560 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $124.27, for a total transaction of $1,312,291.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Huntington National Bank boosted its holdings in Boston Properties by 397.1% in the fourth quarter. Huntington National Bank now owns 1,526 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 1,219 shares during the last quarter. Gideon Capital Advisors Inc. bought a new position in Boston Properties in the first quarter valued at about $274,000. Advisor Partners LLC boosted its holdings in Boston Properties by 22.3% in the fourth quarter. Advisor Partners LLC now owns 2,353 shares of the real estate investment trust’s stock valued at $287,000 after acquiring an additional 429 shares during the last quarter. 6 Meridian bought a new position in Boston Properties during the first quarter worth about $446,000. Finally, American Trust Investment Advisors LLC boosted its holdings in Boston Properties by 69.0% during the fourth quarter. American Trust Investment Advisors LLC now owns 3,845 shares of the real estate investment trust’s stock worth $500,000 after buying an additional 1,570 shares during the last quarter. 95.34% of the stock is owned by hedge funds and other institutional investors.

Shares of BXP traded down $0.15 on Tuesday, reaching $117.09. 1,877,295 shares of the company’s stock traded hands, compared to its average volume of 735,528. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $18.07 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 3.15 and a beta of 0.57. Boston Properties has a 52-week low of $111.57 and a 52-week high of $132.00.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Thursday, March 29th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.73%. The ex-dividend date was Wednesday, March 28th.

About Boston Properties

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including eight properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.

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Earnings History and Estimates for Boston Properties (NYSE:BXP)

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