Q3 2019 EPS Estimates for Boston Properties, Inc. (NYSE:BXP) Lifted by Jefferies Financial Group

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Boston Properties, Inc. (NYSE:BXP) – Analysts at Jefferies Financial Group raised their Q3 2019 earnings per share (EPS) estimates for Boston Properties in a research report issued to clients and investors on Monday, July 15th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $1.76 for the quarter, up from their previous forecast of $1.73. Jefferies Financial Group also issued estimates for Boston Properties’ Q4 2019 earnings at $1.80 EPS, Q1 2020 earnings at $1.76 EPS, Q2 2020 earnings at $1.91 EPS, Q4 2020 earnings at $1.93 EPS and FY2020 earnings at $7.51 EPS.

Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.72 EPS for the quarter, topping the 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 company had revenue of $725.80 million for the quarter, compared to the consensus estimate of $703.16 million. During the same period in the previous year, the firm earned $1.49 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis.

Several other analysts have also recently weighed in on the stock. Evercore ISI initiated coverage on shares of Ascendis Pharma A/S in a report on Monday, March 25th. They issued an “outperform” rating on the stock. Zacks Investment Research cut shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Morgan Stanley initiated coverage on shares of in a report on Monday, June 17th. They issued an “equal weight” rating and a GBX 215 ($2.81) price target on the stock. Finally, Deutsche Bank cut their price target on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Boston Properties currently has a consensus rating of “Hold” and a consensus target price of $137.29.

NYSE:BXP opened at $130.38 on Wednesday. The company has a market capitalization of $20.31 billion, a PE ratio of 20.70, a P/E/G ratio of 2.96 and a beta of 0.86. The firm has a fifty day moving average of $132.99. Boston Properties has a twelve month low of $107.84 and a twelve month high of $140.35. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 1.38.

Several hedge funds have recently made changes to their positions in BXP. Norges Bank bought a new stake in shares of Boston Properties during the 4th quarter valued at $1,196,899,000. Principal Financial Group Inc. boosted its holdings in shares of Boston Properties by 77.5% during the 1st quarter. Principal Financial Group Inc. now owns 3,058,174 shares of the real estate investment trust’s stock valued at $409,428,000 after buying an additional 1,335,446 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Boston Properties during the 1st quarter valued at $51,667,000. Jennison Associates LLC boosted its holdings in shares of Boston Properties by 139.6% during the 1st quarter. Jennison Associates LLC now owns 334,818 shares of the real estate investment trust’s stock valued at $44,825,000 after buying an additional 195,067 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Boston Properties by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 2,437,060 shares of the real estate investment trust’s stock valued at $273,894,000 after buying an additional 186,025 shares in the last quarter. Hedge funds and other institutional investors own 90.55% of the company’s stock.

In other news, insider Bryan J. Koop sold 5,616 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $133.95, for a total transaction of $752,263.20. Following the sale, the insider now owns 10,175 shares in the company, valued at approximately $1,362,941.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bryan J. Koop sold 4,121 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $134.40, for a total transaction of $553,862.40. Following the sale, the insider now owns 585 shares in the company, valued at approximately $78,624. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.91%. The ex-dividend date is Thursday, June 27th. Boston Properties’s dividend payout ratio (DPR) is currently 60.32%.

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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