Boston Properties, Inc. (NYSE:BXP) – Analysts at Jefferies Financial Group lowered their Q2 2021 earnings estimates for shares of Boston Properties in a note issued to investors on Friday, April 16th. Jefferies Financial Group analyst P. Abramowitz now anticipates that the real estate investment trust will post earnings per share of $1.64 for the quarter, down from their previous forecast of $1.65. Jefferies Financial Group also issued estimates for Boston Properties’ Q3 2021 earnings at $1.67 EPS, Q4 2021 earnings at $1.68 EPS, FY2021 earnings at $6.54 EPS, Q1 2022 earnings at $1.70 EPS and FY2023 earnings at $8.27 EPS.
Boston Properties (NYSE:BXP) last posted its earnings results on Monday, January 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.54). The firm had revenue of $665.09 million for the quarter, compared to analysts’ expectations of $687.36 million. Boston Properties had a net margin of 35.17% and a return on equity of 12.31%. The company’s revenue was down 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS.
Shares of BXP stock opened at $106.13 on Monday. Boston Properties has a 12-month low of $69.69 and a 12-month high of $110.36. The business’s fifty day simple moving average is $104.79 and its 200-day simple moving average is $94.49. The company has a current ratio of 7.03, a quick ratio of 7.03 and a debt-to-equity ratio of 1.60. The company has a market cap of $16.56 billion, a PE ratio of 16.58, a PEG ratio of 6.54 and a beta of 1.24.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Wednesday, March 31st will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Tuesday, March 30th. Boston Properties’s dividend payout ratio is currently 55.92%.
In other news, EVP Raymond A. Ritchey sold 5,000 shares of the company’s stock in a transaction dated Friday, March 26th. The stock was sold at an average price of $105.20, for a total value of $526,000.00. Following the sale, the executive vice president now owns 55,000 shares in the company, valued at $5,786,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.98% of the company’s stock.
Large investors have recently made changes to their positions in the business. Moody National Bank Trust Division increased its holdings in shares of Boston Properties by 4.3% during the 4th quarter. Moody National Bank Trust Division now owns 3,901 shares of the real estate investment trust’s stock valued at $369,000 after purchasing an additional 160 shares in the last quarter. Private Capital Group LLC boosted its stake in shares of Boston Properties by 19.4% during the 1st quarter. Private Capital Group LLC now owns 1,029 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 167 shares in the last quarter. Evolution Wealth Advisors LLC grew its position in shares of Boston Properties by 1.6% during the 4th quarter. Evolution Wealth Advisors LLC now owns 11,375 shares of the real estate investment trust’s stock valued at $1,075,000 after acquiring an additional 182 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Boston Properties by 128.5% in the 4th quarter. First Horizon Advisors Inc. now owns 345 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 194 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Boston Properties by 0.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 59,431 shares of the real estate investment trust’s stock valued at $5,618,000 after purchasing an additional 200 shares in the last quarter. 86.86% of the stock is owned by institutional investors.
Boston Properties Company Profile
Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner 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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