Q4 Earnings Forecast for Boston Properties Issued By Wedbush

Boston Properties, Inc. (NYSE:BXP - Free Report) - Research analysts at Wedbush reduced their Q4 2024 EPS estimates for Boston Properties in a research note issued to investors on Wednesday, November 13th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings of $1.79 per share for the quarter, down from their prior estimate of $1.81. Wedbush currently has a "Neutral" rating and a $70.00 target price 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.

Boston Properties (NYSE:BXP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $1.81 by ($1.28). The firm had revenue of $859.23 million during the quarter, compared to the consensus estimate of $829.91 million. Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. Boston Properties's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 EPS.

Several other equities research analysts also recently commented on the stock. Compass Point upgraded shares of Boston Properties from a "neutral" rating to a "buy" rating and boosted their target price for the company from $80.00 to $88.00 in a research note on Thursday. Wells Fargo & Company raised their price objective on shares of Boston Properties from $73.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. StockNews.com lowered Boston Properties from a "hold" rating to a "sell" rating in a research report on Thursday, October 31st. Truist Financial boosted their price objective on Boston Properties from $67.00 to $77.00 and gave the stock a "hold" rating in a research note on Tuesday, August 27th. Finally, Barclays lifted their price target on Boston Properties from $65.00 to $88.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $80.85.

Boston Properties Price Performance

Shares of BXP traded down $0.94 during mid-day trading on Friday, reaching $78.53. The company had a trading volume of 1,329,622 shares, compared to its average volume of 1,274,583. The company's 50-day moving average is $81.94 and its 200-day moving average is $70.89. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.51 and a quick ratio of 5.51. The company has a market capitalization of $12.42 billion, a P/E ratio of 33.94, a P/E/G 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.

Institutional Trading of Boston Properties

Hedge funds have recently made changes to their positions in the business. Earnest Partners LLC boosted its holdings in shares of Boston Properties by 25.9% during the second quarter. Earnest Partners LLC now owns 2,637,235 shares of the real estate investment trust's stock worth $162,348,000 after acquiring an additional 542,610 shares during the period. Sei Investments Co. increased its stake in shares of Boston Properties by 32.9% in the 2nd quarter. Sei Investments Co. now owns 1,503,687 shares of the real estate investment trust's stock valued at $92,567,000 after purchasing an additional 371,946 shares during the last quarter. Swedbank AB acquired a new position in shares of Boston Properties during the 1st quarter worth $16,729,000. Point72 Asset Management L.P. bought a new stake in shares of Boston Properties during the 2nd quarter worth $12,914,000. Finally, Russell Investments Group Ltd. grew its position in Boston Properties by 356.2% in the first quarter. Russell Investments Group Ltd. now owns 245,758 shares of the real estate investment trust's stock valued at $15,977,000 after acquiring an additional 191,883 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Peter V. Otteni sold 4,785 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total value of $351,410.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raymond A. Ritchey sold 21,835 shares of the business'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 disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.

Boston Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend was Monday, September 30th. Boston Properties's dividend payout ratio is currently 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.