What is Zacks Research's Forecast for BXP FY2024 Earnings?

Boston Properties, Inc. (NYSE:BXP - Free Report) - Research analysts at Zacks Research increased their FY2024 earnings estimates for shares of Boston Properties in a report released on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $7.10 for the year, up from their previous forecast of $7.09. The consensus estimate for Boston Properties' current full-year earnings is $7.10 per share. Zacks Research also issued estimates for Boston Properties' Q4 2024 earnings at $1.79 EPS, Q1 2025 earnings at $1.72 EPS, Q2 2025 earnings at $1.74 EPS, Q3 2025 earnings at $1.81 EPS, Q4 2025 earnings at $1.81 EPS, FY2025 earnings at $7.08 EPS and Q2 2026 earnings at $1.80 EPS.

Several other equities research analysts also recently commented on BXP. Compass Point upgraded shares of Boston Properties from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $80.00 to $88.00 in a research report on Thursday, November 14th. 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. Wells Fargo & Company increased their price target on Boston Properties from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday, September 11th. Evercore ISI upped their price objective on shares of Boston Properties from $77.00 to $84.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $85.00 price target on shares of Boston Properties in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $80.92.

Boston Properties Price Performance

BXP stock opened at $79.56 on Thursday. Boston Properties has a 1 year low of $52.61 and a 1 year high of $90.11. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 0.54 and a beta of 1.18. 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 50 day simple moving average of $82.26 and a 200 day simple moving average of $71.46.

Boston Properties (NYSE:BXP - Get Free Report) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 earnings per share 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 business had revenue of $859.23 million for the quarter, compared to the consensus estimate of $829.91 million. During the same quarter in the previous year, the company earned $1.86 earnings per share. The firm's revenue for the quarter was up 4.2% on a year-over-year basis.

Institutional Investors Weigh In On Boston Properties

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC lifted its holdings in Boston Properties by 0.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,479 shares of the real estate investment trust's stock valued at $1,261,000 after purchasing an additional 150 shares during the last quarter. Mystic Asset Management Inc. lifted its stake in shares of Boston Properties by 3.1% during the 2nd quarter. Mystic Asset Management Inc. now owns 5,541 shares of the real estate investment trust's stock valued at $341,000 after buying an additional 165 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Boston Properties by 2.6% during the 2nd quarter. Signaturefd LLC now owns 6,597 shares of the real estate investment trust's stock valued at $406,000 after buying an additional 168 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Boston Properties by 0.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust's stock worth $3,917,000 after buying an additional 175 shares during the period. Finally, Sustainable Insight Capital Management LLC grew its stake in Boston Properties by 7.5% in the 2nd quarter. Sustainable Insight Capital Management LLC now owns 4,300 shares of the real estate investment trust's stock valued at $265,000 after buying an additional 300 shares in the last quarter. 98.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Boston Properties

In related news, EVP Raymond A. Ritchey sold 21,835 shares of the company's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter V. Otteni sold 4,785 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total value of $351,410.40. The disclosure for this sale can be found here. Insiders own 1.35% of the company's stock.

Boston Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.92 annualized dividend and a yield of 4.93%. Boston Properties's payout ratio is 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.

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