3 days Ago By ABMN Staff
Boston Properties, Inc. ( NYSE:BXP – Free Report ) – Analysts at Wedbush cut their FY2024 earnings per share estimates for shares of Boston Properties in a note issued to investors on Wednesday, November 13th. Wedbush analyst R.
Anderson now forecasts that the real estate investment trust will post earnings of $7.10 per share for the year, down from their previous estimate of $7.13.
Wedbush has a “Neutral” rating and a $70.00 price objective on the stock. The consensus estimate for Boston Properties’ current full-year earnings is $7.
10 per share. Several other equities analysts have also commented on the stock. Evercore ISI upped their price target on shares of Boston Properties from $77.
00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company upped their price objective on 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. UBS Group boosted their price target on Boston Properties from $64.00 to $80.
00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Scotiabank restated a “sector perform” rating and set a $85.00 price target on shares of Boston Properties in a research note on Thursday, November 7th.
One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $80.
92. Boston Properties Trading Down 0.2 % Shares of BXP stock opened at $78.
41 on Monday. The firm’s 50-day simple moving average is $82.10 and its 200-day simple moving average is $71.
27. The company has a debt-to-equity ratio of 2.01, a current ratio of 5.
51 and a quick ratio of 5.51. Boston Properties has a 1-year low of $52.
61 and a 1-year high of $90.11. The firm has a market cap of $12.
40 billion, a P/E ratio of 33.94, a PEG ratio of 0.54 and a beta of 1.
18. Boston Properties ( NYSE:BXP – Get Free Report ) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.
53 EPS for the quarter, missing the consensus estimate of $1.81 by ($1.28).
Boston Properties had a net margin of 10.75% and a return on equity of 4.40%.
The business had revenue of $859.23 million during the quarter, compared to analyst estimates of $829.91 million.
During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s revenue for the quarter was up 4.
2% compared to the same quarter last year. Institutional Trading of Boston Properties Hedge funds have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its holdings in Boston Properties by 0.
7% in 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 acquiring an additional 150 shares in the last quarter. Mystic Asset Management Inc.
lifted its position in shares of Boston Properties by 3.1% during the second quarter. Mystic Asset Management Inc.
now owns 5,541 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 165 shares during the last quarter. Signaturefd LLC lifted its position in shares of Boston Properties by 2.6% during the second quarter.
Signaturefd LLC now owns 6,597 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 168 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in Boston Properties by 0.
3% in the second quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust’s stock worth $3,917,000 after purchasing an additional 175 shares in the last quarter.
Finally, Sustainable Insight Capital Management LLC increased its holdings in Boston Properties by 7.5% in the second 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 during the last quarter.
Institutional investors and hedge funds own 98.72% of the company’s stock. Insider Activity In other news, EVP Raymond A.
Ritchey sold 21,835 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Also, EVP Peter V.
Otteni sold 4,785 shares of Boston Properties stock in a transaction dated Friday, August 23rd. The stock was 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 Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a $0.
98 dividend. This represents a $3.92 annualized dividend and a yield of 5.
00%. The ex-dividend date of this dividend was Monday, September 30th. Boston Properties’s dividend payout ratio (DPR) is 169.
70%. Boston Properties Company Profile ( Get Free Report ) 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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