FY2024 Earnings Forecast for Boston Properties, Inc. Issued By Zacks Research (NYSE:BXP)

Boston Properties, Inc. (NYSE:BXP) – Analysts at Zacks Research upped their FY2024 EPS estimates for Boston Properties in a research report issued to clients and investors on Tuesday, August 20th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $7.09 for the year, up from their prior forecast of $7.05. The consensus estimate for Boston Properties’ current full-year earnings is $7.12 per share. Zacks Research also issued estimates for Boston Properties’ Q2 2025 earnings at $1.78 EPS, Q3 2025 earnings at $1.84 EPS, FY2025 earnings at $7.17 EPS, Q1 2026 earnings at $1.76 EPS and Q2 2026 earnings at $1.84 EPS.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.21). The business had revenue of $850.48 million for the quarter, compared to the consensus estimate of $819.49 million. Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share.

A number of other analysts have also weighed in on the company. Truist Financial dropped their price objective on Boston Properties from $75.00 to $67.00 and set a “hold” rating for the company in a research note on Friday, June 14th. Barclays dropped their price target on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. StockNews.com raised Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target on shares of Boston Properties in a research note on Thursday, June 20th. Finally, Scotiabank raised their price target on Boston Properties from $74.00 to $76.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Boston Properties has a consensus rating of “Hold” and a consensus target price of $70.54.

Boston Properties Stock Performance

NYSE:BXP opened at $70.87 on Friday. The firm has a market cap of $11.13 billion, a PE ratio of 58.09, a price-to-earnings-growth ratio of 0.46 and a beta of 1.18. Boston Properties has a fifty-two week low of $50.64 and a fifty-two week high of $73.97. The company has a debt-to-equity ratio of 1.90, a quick ratio of 4.77 and a current ratio of 4.83. The business has a 50 day moving average price of $66.03 and a 200-day moving average price of $63.66.

Boston Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were issued a dividend of $0.98 per share. The ex-dividend date was Friday, June 28th. This represents a $3.92 annualized dividend and a dividend yield of 5.53%. Boston Properties’s payout ratio is presently 321.31%.

Institutional Investors Weigh In On Boston Properties

Several large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in Boston Properties in the second quarter worth about $12,914,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Boston Properties by 61.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 547 shares in the last quarter. Creative Planning lifted its position in shares of Boston Properties by 7.7% during the 2nd quarter. Creative Planning now owns 25,570 shares of the real estate investment trust’s stock valued at $1,574,000 after buying an additional 1,835 shares in the last quarter. Scientech Research LLC lifted its position in shares of Boston Properties by 91.4% during the 2nd quarter. Scientech Research LLC now owns 15,151 shares of the real estate investment trust’s stock valued at $933,000 after buying an additional 7,237 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. lifted its position in shares of Boston Properties by 4.6% during the 2nd quarter. Liberty Mutual Group Asset Management Inc. now owns 40,738 shares of the real estate investment trust’s stock valued at $2,508,000 after buying an additional 1,792 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Boston Properties Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.