Wall Street brokerages expect that Boston Properties, Inc. (NYSE:BXP) will post earnings per share (EPS) of $1.82 for the current quarter, according to Zacks. Four analysts have provided estimates for Boston Properties’ earnings. The lowest EPS estimate is $1.80 and the highest is $1.86. Boston Properties posted earnings of $1.72 per share in the same quarter last year, which would suggest a positive year over year growth rate of 5.8%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, May 5th.

On average, analysts expect that Boston Properties will report full-year earnings of $7.59 per share for the current financial year, with EPS estimates ranging from $7.54 to $7.62. For the next year, analysts expect that the company will report earnings of $8.03 per share, with EPS estimates ranging from $7.86 to $8.29. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Boston Properties.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, January 28th. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.94). The firm had revenue of $706.35 million during the quarter, compared to analyst estimates of $697.15 million. During the same period in the prior year, the firm earned $0.96 earnings per share.

BXP has been the subject of several research reports. Mizuho initiated coverage on Boston Properties in a report on Monday, February 3rd. They issued a “neutral” rating and a $152.00 target price for the company. Citigroup reissued a “neutral” rating and issued a $134.00 target price (up from $131.00) on shares of Boston Properties in a report on Tuesday, November 5th. JPMorgan Chase & Co. downgraded Boston Properties from an “overweight” rating to a “neutral” rating and set a $145.00 target price for the company. in a report on Wednesday, December 18th. Goldman Sachs Group started coverage on Boston Properties in a research report on Friday, November 8th. They issued a “buy” rating and a $156.00 price target on the stock. Finally, Deutsche Bank upgraded Boston Properties from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $146.38.

In other Boston Properties news, EVP Bryan J. Koop sold 9,645 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $138.06, for a total transaction of $1,331,588.70. Following the transaction, the executive vice president now owns 585 shares in the company, valued at approximately $80,765.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter D. Johnston sold 17,178 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $145.31, for a total value of $2,496,135.18. Following the transaction, the executive vice president now owns 16,149 shares in the company, valued at approximately $2,346,611.19. The disclosure for this sale can be found here. Insiders have sold a total of 188,258 shares of company stock worth $26,471,475 in the last quarter. 0.99% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quest Capital Management Inc. ADV purchased a new stake in Boston Properties in the 3rd quarter valued at approximately $37,000. Usca Ria LLC purchased a new stake in Boston Properties in the 3rd quarter valued at approximately $39,000. Parallel Advisors LLC lifted its stake in Boston Properties by 170.9% in the 3rd quarter. Parallel Advisors LLC now owns 317 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 200 shares in the last quarter. Rational Advisors LLC lifted its stake in Boston Properties by 406.5% in the 3rd quarter. Rational Advisors LLC now owns 314 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 252 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its stake in Boston Properties by 175.4% in the 4th quarter. Manchester Capital Management LLC now owns 314 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 200 shares in the last quarter. Institutional investors own 89.59% of the company’s stock.

Shares of Boston Properties stock traded up $1.65 on Tuesday, hitting $147.23. The stock had a trading volume of 616,835 shares. Boston Properties has a 52-week low of $124.58 and a 52-week high of $147.28. The company’s 50 day moving average price is $139.88 and its 200 day moving average price is $134.21.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.98 per share. This is a boost from Boston Properties’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Monday, December 30th. This represents a $3.92 annualized dividend and a yield of 2.66%.

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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