Wall Street analysts expect that Boston Properties, Inc. (NYSE:BXP) will report earnings per share of $1.74 for the current quarter, Zacks reports. Two analysts have provided estimates for Boston Properties’ earnings. The lowest EPS estimate is $1.62 and the highest is $1.77. Boston Properties posted earnings of $1.64 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The business is expected to issue its next earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that Boston Properties will report full year earnings of $7.02 per share for the current year, with EPS estimates ranging from $6.94 to $7.07. For the next year, analysts forecast that the business will report earnings of $7.41 per share, with EPS estimates ranging from $7.28 to $7.48. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Boston Properties.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.68). The company had revenue of $733.74 million for the quarter, compared to analyst estimates of $725.14 million. Boston Properties had a return on equity of 6.80% and a net margin of 18.96%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share.

BXP has been the topic of several recent analyst reports. Robert W. Baird set a $152.00 target price on shares of Boston Properties and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Citigroup reduced their price target on shares of Boston Properties from $142.00 to $131.00 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. Finally, Morgan Stanley raised Boston Properties from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $123.00 to $126.00 in a research note on Tuesday. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $138.04.

BXP stock traded up $0.55 during trading on Thursday, reaching $130.91. 937,131 shares of the company were exchanged, compared to its average volume of 678,565. The company has a market cap of $20.05 billion, a P/E ratio of 20.78, a PEG ratio of 2.99 and a beta of 0.88. Boston Properties has a 52-week low of $107.84 and a 52-week high of $140.35. The stock’s 50 day moving average price is $128.95 and its 200 day moving average price is $132.37. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.58 and a current ratio of 4.58.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. raised its stake in shares of Boston Properties by 5,758.3% in the 2nd quarter. Invesco Ltd. now owns 241,485,891 shares of the real estate investment trust’s stock valued at $31,151,683,000 after purchasing an additional 237,363,784 shares in the last quarter. BlackRock Inc. raised its position in Boston Properties by 1.0% in the first quarter. BlackRock Inc. now owns 16,286,406 shares of the real estate investment trust’s stock worth $2,180,423,000 after acquiring an additional 165,724 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Boston Properties by 203.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,537,443 shares of the real estate investment trust’s stock worth $456,331,000 after acquiring an additional 2,371,683 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Boston Properties by 77.5% during the 1st quarter. Principal Financial Group Inc. now owns 3,058,174 shares of the real estate investment trust’s stock worth $409,428,000 after acquiring an additional 1,335,446 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Boston Properties by 1.7% during the 2nd quarter. Northern Trust Corp now owns 2,648,190 shares of the real estate investment trust’s stock valued at $341,616,000 after acquiring an additional 45,390 shares during the period. 90.58% of the stock is currently owned by hedge funds and other institutional investors.

About Boston Properties

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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

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