Wall Street brokerages expect Boston Properties, Inc. (NYSE:BXP) to report earnings per share of $1.63 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Boston Properties’ earnings, with estimates ranging from $1.62 to $1.64. Boston Properties reported earnings per share of $1.57 in the same quarter last year, which would indicate a positive year over year growth rate of 3.8%. The business is expected to issue its next quarterly earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that Boston Properties will report full-year earnings of $6.37 per share for the current year, with EPS estimates ranging from $6.35 to $6.39. For the next financial year, analysts anticipate that the company will report earnings of $6.84 per share, with EPS estimates ranging from $6.67 to $6.93. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Boston Properties.
Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.73). Boston Properties had a net margin of 20.23% and a return on equity of 6.71%. The business had revenue of $664.48 million during the quarter, compared to analysts’ expectations of $667.92 million. During the same period in the previous year, the company posted $1.67 earnings per share. Boston Properties’s quarterly revenue was up 1.2% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in Boston Properties by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 1,626,051 shares of the real estate investment trust’s stock worth $203,940,000 after purchasing an additional 44,264 shares in the last quarter. Schroder Investment Management Group grew its position in Boston Properties by 3.9% during the second quarter. Schroder Investment Management Group now owns 21,581 shares of the real estate investment trust’s stock worth $2,696,000 after buying an additional 815 shares during the period. Andra AP fonden grew its position in Boston Properties by 19.8% during the second quarter. Andra AP fonden now owns 53,900 shares of the real estate investment trust’s stock worth $6,760,000 after buying an additional 8,900 shares during the period. Qube Research & Technologies Ltd acquired a new position in Boston Properties during the second quarter worth about $309,000. Finally, Worldquant Millennium Quantitative Strategies LLC acquired a new position in Boston Properties during the second quarter worth about $606,000. 95.44% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:BXP traded down $1.58 on Thursday, reaching $125.96. The company’s stock had a trading volume of 651,841 shares, compared to its average volume of 635,147. Boston Properties has a 52-week low of $111.57 and a 52-week high of $132.82. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.02 and a current ratio of 4.02. The stock has a market capitalization of $19.69 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 3.35 and a beta of 0.56.
Boston Properties Company Profile
Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.
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