Boston Properties, Inc. (NYSE:BXP) – Stock analysts at Jefferies Group raised their FY2017 EPS estimates for shares of Boston Properties in a research report issued to clients and investors on Monday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $6.25 for the year, up from their previous forecast of $6.22. Jefferies Group has a “Hold” rating and a $124.00 price objective on the stock.

Boston Properties (NYSE:BXP) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The business had revenue of $657.70 million during the quarter, compared to analysts’ expectations of $649.84 million. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.42 earnings per share.

A number of other brokerages have also recently commented on BXP. SunTrust Banks reiterated a “hold” rating and issued a $130.00 target price on shares of Boston Properties in a research report on Monday, October 9th. Royal Bank Of Canada set a $140.00 price objective on shares of Boston Properties and gave the company a “buy” rating in a report on Monday, November 27th. Evercore ISI reissued an “in-line” rating and issued a $133.00 price objective (up previously from $127.00) on shares of Boston Properties in a report on Friday, October 6th. Argus dropped their price objective on shares of Boston Properties to $140.00 and set a “buy” rating for the company in a report on Thursday, November 16th. Finally, KeyCorp reissued a “hold” rating on shares of Boston Properties in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Boston Properties currently has an average rating of “Hold” and an average target price of $133.73.

Shares of Boston Properties (NYSE BXP) opened at $127.84 on Tuesday. The company has a market cap of $19,730.00, a PE ratio of 20.31, a PEG ratio of 3.64 and a beta of 0.63. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.44 and a quick ratio of 0.44. Boston Properties has a 12-month low of $116.77 and a 12-month high of $140.13.

In other Boston Properties news, insider Bryan J. Koop sold 5,868 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total transaction of $730,859.40. Following the completion of the transaction, the insider now owns 585 shares of the company’s stock, valued at $72,861.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.86% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Motco boosted its stake in Boston Properties by 0.9% during the second quarter. Motco now owns 3,617 shares of the real estate investment trust’s stock worth $445,000 after buying an additional 34 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Boston Properties by 1.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,574 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 61 shares during the period. Commonwealth Bank of Australia boosted its stake in shares of Boston Properties by 6.5% in the second quarter. Commonwealth Bank of Australia now owns 2,077 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 127 shares during the period. MML Investors Services LLC boosted its stake in shares of Boston Properties by 7.3% in the second quarter. MML Investors Services LLC now owns 2,022 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 137 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of Boston Properties by 1.9% in the second quarter. HighTower Advisors LLC now owns 7,652 shares of the real estate investment trust’s stock valued at $941,000 after purchasing an additional 140 shares during the period. 95.58% of the stock is owned by institutional investors.

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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. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.

Earnings History and Estimates for Boston Properties (NYSE:BXP)

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