Boston Properties, Inc. (NYSE:BXP) – Jefferies Financial Group reduced their Q1 2020 earnings per share (EPS) estimates for shares of Boston Properties in a research note issued on Thursday, May 16th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $1.75 per share for the quarter, down from their previous estimate of $1.80. Jefferies Financial Group also issued estimates for Boston Properties’ Q4 2020 earnings at $1.94 EPS and Q1 2021 earnings at $1.83 EPS.

Several other research firms have also weighed in on BXP. ValuEngine raised shares of Boston Properties from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Morgan Stanley lowered shares of Boston Properties from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $130.00 to $116.00 in a report on Wednesday, March 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $135.00 target price on shares of Boston Properties in a report on Tuesday, January 29th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Boston Properties from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a report on Tuesday, February 12th. Finally, Evercore ISI upgraded shares of Boston Properties from an “in-line” rating to an “outperform” rating and set a $131.51 price target on the stock in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $136.71.

BXP opened at $133.65 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.78 and a current ratio of 3.78. Boston Properties has a twelve month low of $107.84 and a twelve month high of $140.35. The stock has a market capitalization of $20.65 billion, a PE ratio of 21.21, a PEG ratio of 3.06 and a beta of 0.93.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.06. Boston Properties had a net margin of 18.15% and a return on equity of 6.31%. The business had revenue of $725.80 million for the quarter, compared to analyst estimates of $703.16 million. During the same quarter in the prior year, the firm earned $1.49 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, March 29th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $3.80 annualized dividend and a yield of 2.84%. Boston Properties’s dividend payout ratio (DPR) is 60.32%.

In other Boston Properties news, insider Bryan J. Koop sold 5,616 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $133.95, for a total transaction of $752,263.20. Following the transaction, the insider now directly owns 10,175 shares in the company, valued at approximately $1,362,941.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Frank D. Burt sold 2,000 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $133.64, for a total transaction of $267,280.00. The disclosure for this sale can be found here. 0.99% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Rational Advisors LLC lifted its position in Boston Properties by 66.4% during the 1st quarter. Rational Advisors LLC now owns 203 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 81 shares during the period. Shine Investment Advisory Services Inc. lifted its position in Boston Properties by 58.7% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 246 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 91 shares during the period. JOYN Advisors Inc. lifted its position in Boston Properties by 63.3% during the 4th quarter. JOYN Advisors Inc. now owns 276 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 107 shares during the period. Flagship Harbor Advisors LLC lifted its position in Boston Properties by 200.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 300 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Finally, Loeb Partners Corp acquired a new position in Boston Properties during the 4th quarter valued at about $33,000. Institutional investors own 97.00% of the company’s stock.

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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