Q4 EPS Estimates for Boston Properties Reduced by Wedbush

Boston Properties, Inc. (NYSE:BXP) – Equities research analysts at Wedbush lowered their Q4 2024 earnings per share estimates for Boston Properties in a report released on Wednesday, November 13th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $1.79 per share for the quarter, down from their prior estimate of $1.81. Wedbush has a “Neutral” rating and a $70.00 price target on the stock. The consensus estimate for Boston Properties’ current full-year earnings is $7.10 per share. Wedbush also issued estimates for Boston Properties’ FY2025 earnings at $7.15 EPS.

A number of other analysts have also recently issued reports on the company. Evercore ISI boosted their price objective on Boston Properties from $77.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised 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. Barclays upped their price objective on Boston Properties from $65.00 to $88.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Finally, UBS Group raised their target price on Boston Properties from $64.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $80.85.

Boston Properties Stock Down 1.2 %

BXP stock opened at $78.53 on Friday. The business’s 50-day simple moving average is $82.02 and its 200 day simple moving average is $71.00. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01. The company has a market cap of $12.42 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18. Boston Properties has a twelve month low of $52.61 and a twelve month high of $90.11.

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

Institutional Trading of Boston Properties

A number of institutional investors have recently modified their holdings of BXP. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Boston Properties by 212.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 386 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Boston Properties by 5,025.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 603 shares in the last quarter. UMB Bank n.a. grew its position in Boston Properties by 115.5% during the 2nd quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 380 shares during the last quarter. Brooklyn Investment Group acquired a new position in Boston Properties in the 3rd quarter worth about $58,000. Finally, Abich Financial Wealth Management LLC raised its position in Boston Properties by 59.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 395 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Peter V. Otteni sold 4,785 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $74.25, for a total value of $1,621,248.75. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were given a $0.98 dividend. The ex-dividend date was Monday, September 30th. This represents a $3.92 annualized dividend and a yield of 4.99%. Boston Properties’s dividend payout ratio is currently 169.70%.

About Boston Properties

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.