Wall Street analysts expect Boston Properties, Inc. (NYSE:BXP) to announce $691.36 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Boston Properties’ earnings, with estimates ranging from $686.63 million to $696.09 million. Boston Properties reported sales of $651.17 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The firm is expected to report its next quarterly earnings report on Tuesday, February 4th.
According to Zacks, analysts expect that Boston Properties will report full year sales of $2.74 billion for the current financial year, with estimates ranging from $2.73 billion to $2.75 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.81 billion, with estimates ranging from $2.75 billion to $2.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Boston Properties.
Boston Properties (NYSE:BXP) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. The business had revenue of $743.55 million during the quarter, compared to analysts’ expectations of $730.74 million. Boston Properties had a return on equity of 6.70% and a net margin of 18.20%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS.
In related news, EVP Peter D. Johnston sold 18,582 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $137.85, for a total transaction of $2,561,528.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.99% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of BXP. Eii Capital Management Inc. boosted its stake in shares of Boston Properties by 6.5% in the second quarter. Eii Capital Management Inc. now owns 25,175 shares of the real estate investment trust’s stock worth $3,248,000 after buying an additional 1,540 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Boston Properties by 9.1% in the second quarter. WINTON GROUP Ltd now owns 192,088 shares of the real estate investment trust’s stock worth $24,779,000 after buying an additional 15,992 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Boston Properties by 3.8% in the second quarter. Crossmark Global Holdings Inc. now owns 10,109 shares of the real estate investment trust’s stock worth $1,304,000 after buying an additional 373 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Boston Properties by 0.8% in the second quarter. Gulf International Bank UK Ltd now owns 37,130 shares of the real estate investment trust’s stock worth $4,789,000 after buying an additional 300 shares during the last quarter. Finally, AMF Pensionsforsakring AB boosted its stake in shares of Boston Properties by 2.8% in the second quarter. AMF Pensionsforsakring AB now owns 230,854 shares of the real estate investment trust’s stock worth $29,780,000 after buying an additional 6,254 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.
Shares of Boston Properties stock opened at $136.71 on Thursday. The stock has a market cap of $21.42 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 3.01 and a beta of 0.86. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.58 and a current ratio of 3.98. The stock has a 50 day moving average price of $131.68 and a 200-day moving average price of $131.52. Boston Properties has a one year low of $107.84 and a one year high of $140.35.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Friday, September 27th. Boston Properties’s payout ratio is currently 60.32%.
About Boston Properties
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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