Research Analysts Offer Predictions for BXP FY2024 Earnings

Boston Properties, Inc. (NYSE:BXP) – Equities research analysts at Zacks Research lifted their FY2024 earnings per share estimates for shares of Boston Properties in a report released on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will earn $7.10 per share for the year, up from their prior forecast of $7.09. The consensus estimate for Boston Properties’ current full-year earnings is $7.10 per share. Zacks Research also issued estimates for Boston Properties’ Q4 2024 earnings at $1.79 EPS, Q1 2025 earnings at $1.72 EPS, Q2 2025 earnings at $1.74 EPS, Q3 2025 earnings at $1.81 EPS, Q4 2025 earnings at $1.81 EPS, FY2025 earnings at $7.08 EPS and Q2 2026 earnings at $1.80 EPS.

Other equities analysts have also issued research reports about the stock. Scotiabank reaffirmed a “sector perform” rating and set a $85.00 price objective on shares of Boston Properties in a research report on Thursday, November 7th. Compass Point upgraded Boston Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $80.00 to $88.00 in a research note on Thursday, November 14th. UBS Group increased their price objective on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Piper Sandler upgraded shares of Boston Properties from a “neutral” rating to an “overweight” rating and increased their target price for the company from $78.00 to $105.00 in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Boston Properties from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Boston Properties has a consensus rating of “Hold” and an average target price of $80.92.

Boston Properties Stock Performance

Shares of BXP opened at $80.66 on Thursday. The company’s 50 day moving average price is $82.32 and its 200 day moving average price is $71.66. The company has a debt-to-equity ratio of 2.01, a quick ratio of 5.51 and a current ratio of 5.51. Boston Properties has a 52 week low of $52.61 and a 52 week high of $90.11. The company has a market capitalization of $12.75 billion, a PE ratio of 34.92, a PEG ratio of 0.54 and a beta of 1.18.

Boston Properties (NYSE:BXP) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The firm had revenue of $859.23 million for the quarter, compared to analyst estimates of $829.91 million. During the same period in the previous year, the firm earned $1.86 earnings per share. Boston Properties’s revenue was up 4.2% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC grew its position in shares of Boston Properties by 0.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust’s stock worth $1,261,000 after buying an additional 150 shares during the period. Mystic Asset Management Inc. lifted its position in Boston Properties by 3.1% during the second quarter. Mystic Asset Management Inc. now owns 5,541 shares of the real estate investment trust’s stock valued at $341,000 after purchasing an additional 165 shares in the last quarter. Signaturefd LLC lifted its position in shares of Boston Properties by 2.6% during the 2nd quarter. Signaturefd LLC now owns 6,597 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 168 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Boston Properties by 0.3% during the second quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust’s stock valued at $3,917,000 after purchasing an additional 175 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC boosted its holdings in Boston Properties by 7.5% in the 2nd quarter. Sustainable Insight Capital Management LLC now owns 4,300 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 300 shares during the period. 98.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Boston Properties news, EVP Raymond A. Ritchey sold 21,835 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.35% of the stock is currently owned by insiders.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Monday, September 30th. Boston Properties’s dividend payout ratio (DPR) is 169.70%.

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.