FY2017 EPS Estimates for Boston Properties, Inc. (BXP) Boosted by Analyst

Boston Properties, Inc. (NYSE:BXP) – KeyCorp boosted their FY2017 earnings per share estimates for Boston Properties in a research report issued on Thursday. KeyCorp analyst C. Mailman now forecasts that the real estate investment trust will post earnings per share of $6.24 for the year, up from their prior estimate of $6.22. KeyCorp also issued estimates for Boston Properties’ FY2018 earnings at $6.40 EPS.

Several other analysts have also issued reports on BXP. Royal Bank Of Canada lowered Boston Properties from a “top pick” rating to an “outperform” rating and lowered their target price for the company from $150.00 to $140.00 in a research note on Thursday. TheStreet upgraded Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Boston Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered Boston Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $127.00 target price on shares of Boston Properties in a research note on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Boston Properties has a consensus rating of “Hold” and an average target price of $134.73.

Boston Properties (BXP) opened at 119.83 on Friday. Boston Properties has a one year low of $113.69 and a one year high of $143.65. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 40.62 and a beta of 0.64. The firm has a 50-day moving average price of $121.09 and a 200-day moving average price of $127.39.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. Boston Properties had a return on equity of 5.98% and a net margin of 18.18%. The business had revenue of $656.90 million for the quarter, compared to analyst estimates of $645.96 million. During the same period in the previous year, the firm earned $1.44 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Wednesday, June 28th. Boston Properties’s dividend payout ratio (DPR) is presently 102.04%.

Institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank boosted its position in Boston Properties by 56.6% in the first quarter. Toronto Dominion Bank now owns 41,515 shares of the real estate investment trust’s stock valued at $5,496,000 after buying an additional 14,998 shares during the last quarter. Bank of Nova Scotia boosted its position in Boston Properties by 917.9% in the first quarter. Bank of Nova Scotia now owns 35,127 shares of the real estate investment trust’s stock valued at $4,651,000 after buying an additional 31,676 shares during the last quarter. Vanguard Group Inc. boosted its position in Boston Properties by 1.8% in the first quarter. Vanguard Group Inc. now owns 22,201,045 shares of the real estate investment trust’s stock valued at $2,939,641,000 after buying an additional 398,674 shares during the last quarter. Credit Suisse AG boosted its position in Boston Properties by 7.4% in the first quarter. Credit Suisse AG now owns 698,737 shares of the real estate investment trust’s stock valued at $92,519,000 after buying an additional 48,354 shares during the last quarter. Finally, World Asset Management Inc boosted its position in Boston Properties by 10.5% in the first quarter. World Asset Management Inc now owns 18,086 shares of the real estate investment trust’s stock valued at $2,395,000 after buying an additional 1,725 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

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.