Boston Properties, Inc. (NYSE:BXP) – Equities researchers at Jefferies Financial Group raised their Q3 2019 earnings estimates for Boston Properties in a report issued on Thursday, August 15th, according to Zacks Investment Research. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will earn $1.77 per share for the quarter, up from their previous estimate of $1.76. Jefferies Financial Group also issued estimates for Boston Properties’ FY2019 earnings at $7.07 EPS, Q1 2020 earnings at $1.77 EPS, Q2 2020 earnings at $1.86 EPS, FY2020 earnings at $7.46 EPS and FY2021 earnings at $7.80 EPS.
Other analysts have also recently issued reports about the company. Citigroup reduced their price target on Boston Properties from $142.00 to $131.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Morgan Stanley upgraded shares of Boston Properties from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $123.00 to $126.00 in a report on Tuesday. They noted that the move was a valuation call. Finally, Robert W. Baird set a $152.00 target price on shares of Boston Properties and gave the stock a “buy” rating in a report on Wednesday, August 21st. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Boston Properties presently has an average rating of “Hold” and a consensus target price of $138.04.
BXP stock traded up $1.11 during midday trading on Monday, reaching $132.02. 721,897 shares of the stock were exchanged, compared to its average volume of 678,907. The company has a fifty day moving average price of $128.95 and a 200 day moving average price of $132.37. 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 $20.16 billion, a PE ratio of 20.96, a P/E/G ratio of 3.00 and a beta of 0.88. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.58 and a quick ratio of 4.58.
Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.68). Boston Properties had a return on equity of 6.80% and a net margin of 18.96%. The company had revenue of $733.74 million for the quarter, compared to analyst estimates of $725.14 million. During the same quarter last year, the company posted $0.83 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of BXP. Rational Advisors LLC increased 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. Advisory Services Network LLC raised its holdings in Boston Properties by 112.4% during the 2nd quarter. Advisory Services Network LLC now owns 257 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 136 shares during the last quarter. Doyle Wealth Management acquired a new position in shares of Boston Properties in the 2nd quarter worth approximately $39,000. CSat Investment Advisory L.P. lifted its position in shares of Boston Properties by 214.8% in the 2nd quarter. CSat Investment Advisory L.P. now owns 340 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 232 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Boston Properties by 1,804.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 400 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 379 shares during the period. 90.58% of the stock is currently owned by institutional investors.
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.