Q4 2016 EPS Estimates for Boston Properties Inc. Boosted by Capital One Financial Corp. (BXP)
Boston Properties Inc. (NYSE:BXP) – Equities researchers at Capital One Financial Corp. raised their Q4 2016 earnings per share estimates for Boston Properties in a report released on Friday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will post earnings per share of $1.50 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.
A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research raised Boston Properties from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a research note on Friday, July 29th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $152.00 price objective (up from $151.00) on shares of Boston Properties in a research note on Monday, July 18th. Morgan Stanley cut Boston Properties from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $140.00 to $145.00 in a research note on Monday, July 25th. Jefferies Group dropped their price objective 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, Evercore ISI cut Boston Properties from a “buy” rating to a “hold” rating and lifted their price objective for the company from $147.00 to $149.00 in a research note on Monday, August 22nd. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $144.47.
Boston Properties (NYSE:BXP) opened at 122.50 on Monday. The stock has a market capitalization of $18.84 billion, a PE ratio of 38.16 and a beta of 0.63. Boston Properties has a 12 month low of $107.28 and a 12 month high of $144.02. The firm has a 50-day moving average price of $126.27 and a 200 day moving average price of $132.15.
Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, October 25th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by $0.01. The firm earned $625.23 million during the quarter, compared to analysts’ expectations of $621.99 million. Boston Properties had a return on equity of 6.54% and a net margin of 19.83%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 earnings per share.
A number of institutional investors have recently modified their holdings of the stock. Uniplan Investment Counsel Inc. boosted its position in shares of Boston Properties by 10.5% in the third quarter. Uniplan Investment Counsel Inc. now owns 408,568 shares of the company’s stock valued at $55,683,000 after buying an additional 38,658 shares during the period. BOKF NA boosted its position in shares of Boston Properties by 255.4% in the third quarter. BOKF NA now owns 6,667 shares of the company’s stock valued at $909,000 after buying an additional 4,791 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Boston Properties during the third quarter valued at about $695,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 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 valued at $1,003,000 after buying an additional 411 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Boston Properties by 5.7% in the third quarter. Principal Financial Group Inc. now owns 3,059,122 shares of the company’s stock valued at $416,929,000 after buying an additional 163,916 shares during the period. Hedge funds and other institutional investors own 95.88% of the company’s stock.
In related news, insider John Francis Powers sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $141.90, for a total value of $1,419,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.17% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, September 30th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Wednesday, September 28th. Boston Properties’s dividend payout ratio (DPR) is currently 81.00%.
Boston Properties Company Profile
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. The Company’s segments by geographic area are Boston, New York, San Francisco and Washington, DC. The Company conducts its operations through Boston Properties Limited Partnership.
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