$684.50 Million in Sales Expected for Boston Properties, Inc. (NYSE:BXP) This Quarter

Analysts predict that Boston Properties, Inc. (NYSE:BXP) will announce sales of $684.50 million for the current quarter, Zacks reports. Two analysts have issued estimates for Boston Properties’ earnings. The lowest sales estimate is $678.60 million and the highest is $690.40 million. Boston Properties posted sales of $666.67 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.7%. The company is scheduled to announce its next earnings report on Tuesday, October 26th.

According to Zacks, analysts expect that Boston Properties will report full-year sales of $2.74 billion for the current fiscal year, with estimates ranging from $2.72 billion to $2.76 billion. For the next financial year, analysts forecast that the business will report sales of $2.81 billion, with estimates ranging from $2.76 billion to $2.84 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Boston Properties.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Monday, July 26th. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.14. Boston Properties had a return on equity of 3.86% and a net margin of 11.30%. The firm had revenue of $713.81 million for the quarter, compared to analysts’ expectations of $691.17 million. During the same quarter last year, the business posted $1.52 EPS. Boston Properties’s revenue was up 9.0% on a year-over-year basis.

A number of brokerages recently weighed in on BXP. Barclays started coverage on Boston Properties in a research note on Wednesday, September 1st. They issued an “overweight” rating and a $134.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Boston Properties from $107.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, June 25th. Wolfe Research initiated coverage on Boston Properties in a research report on Monday, June 14th. They set a “market perform” rating and a $142.00 price objective on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $134.00 price target on shares of Boston Properties in a research note on Thursday, August 5th. Finally, The Goldman Sachs Group initiated coverage on Boston Properties in a research note on Tuesday, May 25th. They issued a “sell” rating and a $106.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Boston Properties currently has a consensus rating of “Hold” and a consensus price target of $114.71.

In related news, SVP Peter V. Otteni sold 5,027 shares of the stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $113.36, for a total transaction of $569,860.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raymond A. Ritchey sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, September 3rd. The shares were sold at an average price of $113.15, for a total value of $5,091,750.00. Following the completion of the sale, the executive vice president now directly owns 18,410 shares of the company’s stock, valued at $2,083,091.50. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BXP. FFT Wealth Management LLC bought a new position in shares of Boston Properties during the second quarter worth approximately $28,000. FinTrust Capital Advisors LLC bought a new position in Boston Properties during the 2nd quarter worth $34,000. Bessemer Group Inc. increased its stake in Boston Properties by 102.3% during the 1st quarter. Bessemer Group Inc. now owns 435 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 220 shares during the period. Credit Agricole S A increased its stake in shares of Boston Properties by 159.9% in the 2nd quarter. Credit Agricole S A now owns 408 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 251 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Boston Properties by 49.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 448 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 148 shares during the last quarter. 88.78% of the stock is owned by institutional investors.

Shares of BXP stock traded down $0.25 during trading on Tuesday, reaching $110.38. The company had a trading volume of 440,309 shares, compared to its average volume of 1,025,695. The firm’s 50 day simple moving average is $114.95 and its two-hundred day simple moving average is $112.01. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.75 and a quick ratio of 4.75. Boston Properties has a one year low of $69.69 and a one year high of $124.24. The company has a market capitalization of $17.24 billion, a PE ratio of 57.19, a PEG ratio of 2.93 and a beta of 1.22.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Thursday, September 30th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 3.55%. Boston Properties’s dividend payout ratio is presently 62.32%.

About Boston Properties

Boston Properties, Inc operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H.

Further Reading: Understanding Market Liquidity

Get a free copy of the Zacks research report on Boston Properties (BXP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.

$684.50 Million in Sales Expected for Boston Properties, Inc. (NYSE:BXP) This Quarter

Equities analysts expect that Boston Properties, Inc. (NYSE:BXP) will announce sales of $684.50 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Boston Properties’ earnings. The lowest sales estimate is $678.60 million and the highest is $690.40 million. Boston Properties posted sales of $666.67 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.7%. The firm is expected to issue its next quarterly earnings results on Tuesday, October 26th.

According to Zacks, analysts expect that Boston Properties will report full year sales of $2.74 billion for the current fiscal year, with estimates ranging from $2.72 billion to $2.76 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.81 billion, with estimates ranging from $2.76 billion to $2.84 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Boston Properties.

Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Monday, July 26th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.14. The business had revenue of $713.81 million during the quarter, compared to analyst estimates of $691.17 million. Boston Properties had a return on equity of 3.86% and a net margin of 11.30%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 EPS.

Several equities research analysts have recently issued reports on the company. Argus lifted their price target on Boston Properties from $120.00 to $132.00 and gave the company a “buy” rating in a report on Monday, August 2nd. Truist Securities lifted their price target on Boston Properties from $109.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, June 17th. Wolfe Research initiated coverage on Boston Properties in a research note on Monday, June 14th. They issued a “market perform” rating and a $142.00 price objective on the stock. Barclays initiated coverage on Boston Properties in a research note on Wednesday, September 1st. They issued an “overweight” rating and a $134.00 price objective on the stock. Finally, Robert W. Baird reissued a “buy” rating and issued a $134.00 price objective on shares of Boston Properties in a research note on Thursday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Boston Properties has a consensus rating of “Hold” and an average price target of $114.71.

Shares of Boston Properties stock traded down $0.25 during trading on Tuesday, hitting $110.38. 440,309 shares of the stock traded hands, compared to its average volume of 1,025,695. The stock has a market cap of $17.24 billion, a P/E ratio of 57.19, a PEG ratio of 2.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.58, a quick ratio of 4.75 and a current ratio of 4.75. Boston Properties has a twelve month low of $69.69 and a twelve month high of $124.24. The company has a fifty day moving average price of $114.95 and a two-hundred day moving average price of $112.01.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 29th. Shareholders of record on Thursday, September 30th will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 3.55%. Boston Properties’s dividend payout ratio is currently 62.32%.

In other news, SVP Peter V. Otteni sold 5,027 shares of the business’s stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $113.36, for a total transaction of $569,860.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Raymond A. Ritchey sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, September 3rd. The shares were sold at an average price of $113.15, for a total value of $5,091,750.00. Following the sale, the executive vice president now owns 18,410 shares in the company, valued at $2,083,091.50. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. FFT Wealth Management LLC acquired a new stake in Boston Properties in the 2nd quarter valued at $28,000. FinTrust Capital Advisors LLC acquired a new stake in Boston Properties in the 2nd quarter valued at $34,000. Credit Agricole S A boosted its stake in Boston Properties by 159.9% in the 2nd quarter. Credit Agricole S A now owns 408 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 251 shares in the last quarter. Bessemer Group Inc. boosted its stake in Boston Properties by 102.3% in the 1st quarter. Bessemer Group Inc. now owns 435 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 220 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in Boston Properties by 49.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 448 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 148 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

About Boston Properties

Boston Properties, Inc operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H.

See Also: What is the QQQ ETF?

Get a free copy of the Zacks research report on Boston Properties (BXP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Boston Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Properties and related companies with MarketBeat.com's FREE daily email newsletter.