Wall Street brokerages predict that Boston Properties, Inc. (NYSE:BXP) will report $621.24 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Boston Properties’ earnings, with the highest sales estimate coming in at $627.00 million and the lowest estimate coming in at $614.90 million. Boston Properties reported sales of $657.71 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.5%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 7th.

On average, analysts expect that Boston Properties will report full year sales of $2.48 billion for the current financial year, with estimates ranging from $2.46 billion to $2.51 billion. For the next year, analysts anticipate that the business will post sales of $2.60 billion per share, with estimates ranging from $2.51 billion to $2.67 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Boston Properties.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.73). The business had revenue of $664.48 million during the quarter, compared to the consensus estimate of $667.92 million. Boston Properties had a return on equity of 6.71% and a net margin of 20.23%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share.

BXP has been the subject of several research reports. Deutsche Bank increased their price target on shares of Boston Properties from $133.00 to $134.00 and gave the stock a “hold” rating in a research note on Tuesday, June 26th. ValuEngine upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Sunday, June 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $118.00 price target on shares of Boston Properties in a research note on Wednesday, August 1st. TheStreet upgraded shares of Boston Properties from a “c+” rating to a “b-” rating in a research note on Friday, August 3rd. Finally, Stifel Nicolaus increased their price target on shares of Boston Properties from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $131.86.

A number of hedge funds have recently made changes to their positions in BXP. Millennium Management LLC purchased a new stake in Boston Properties during the 4th quarter valued at about $1,059,000. Daiwa Securities Group Inc. grew its position in Boston Properties by 74.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,176,849 shares of the real estate investment trust’s stock valued at $391,451,000 after purchasing an additional 1,360,861 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in Boston Properties by 4.9% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 113,800 shares of the real estate investment trust’s stock valued at $13,983,000 after purchasing an additional 5,310 shares during the last quarter. Dupont Capital Management Corp grew its position in Boston Properties by 8.4% during the 1st quarter. Dupont Capital Management Corp now owns 27,105 shares of the real estate investment trust’s stock valued at $3,340,000 after purchasing an additional 2,110 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Boston Properties by 1.3% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 46,029 shares of the real estate investment trust’s stock valued at $5,672,000 after purchasing an additional 584 shares during the last quarter. 95.80% of the stock is currently owned by institutional investors.

Shares of Boston Properties stock traded up $0.52 during trading on Friday, hitting $132.15. The company’s stock had a trading volume of 741,500 shares, compared to its average volume of 767,499. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.02 and a quick ratio of 4.02. The firm has a market cap of $19.91 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 3.51 and a beta of 0.57. Boston Properties has a 52 week low of $111.57 and a 52 week high of $132.61.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Investors of record on Friday, June 29th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, June 28th.

Boston Properties Company Profile

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including nine properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.

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Earnings History and Estimates for Boston Properties (NYSE:BXP)

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