Boston Properties Inc. (NYSE:BXP) – Capital One Financial Corp. increased their Q4 2016 earnings per share estimates for shares of Boston Properties in a note issued to investors on Friday. Capital One Financial Corp. analyst T. Lesnick now anticipates that the brokerage will earn $1.50 per share for the quarter, up from their prior estimate of $1.48. Capital One Financial Corp. also issued estimates for Boston Properties’ FY2017 earnings at $6.22 EPS and FY2018 earnings at $6.77 EPS.
Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, October 25th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.43 by $0.01. The company earned $625.23 million during the quarter, compared to analysts’ expectations of $621.99 million. Boston Properties had a net margin of 19.83% and a return on equity of 6.54%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $1.41 earnings per share.
Other analysts also recently issued reports about the company. Morgan Stanley downgraded Boston Properties from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $140.00 to $145.00 in a research note on Monday, July 25th. Zacks Investment Research downgraded Boston Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Mizuho raised their target price on Boston Properties from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Thursday, July 28th. Jefferies Group lowered their target price on Boston Properties from $141.00 to $138.00 and set a “hold” rating for the company in a research note on Monday, August 22nd. Finally, Royal Bank Of Canada lowered their target price on Boston Properties from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, October 27th. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Boston Properties has an average rating of “Hold” and an average target price of $144.47.
Shares of Boston Properties (NYSE:BXP) opened at 122.50 on Monday. The firm’s 50-day moving average price is $126.27 and its 200-day moving average price is $132.15. Boston Properties has a one year low of $107.28 and a one year high of $144.02. The stock has a market capitalization of $18.84 billion, a P/E ratio of 38.16 and a beta of 0.63.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Uniplan Investment Counsel Inc. raised its position in Boston Properties by 10.5% in the third quarter. Uniplan Investment Counsel Inc. now owns 408,568 shares of the company’s stock worth $55,683,000 after buying an additional 38,658 shares in the last quarter. BOKF NA raised its position in Boston Properties by 255.4% in the third quarter. BOKF NA now owns 6,667 shares of the company’s stock worth $909,000 after buying an additional 4,791 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Boston Properties during the third quarter worth approximately $695,000. Mirae Asset Global Investments Co. Ltd. raised its position in Boston Properties by 5.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,358 shares of the company’s stock worth $1,003,000 after buying an additional 411 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Boston Properties by 5.7% in the third quarter. Principal Financial Group Inc. now owns 3,059,122 shares of the company’s stock worth $416,929,000 after buying an additional 163,916 shares in the last quarter. Institutional investors and hedge funds own 95.88% of the company’s stock.
In related news, insider John Francis Powers sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $141.90, for a total transaction of $1,419,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.17% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.12%. Boston Properties’s dividend payout ratio is presently 81.00%.
Boston Properties Company Profile