Wedbush Research Analysts Reduce Earnings Estimates for BXP

Boston Properties, Inc. (NYSE:BXP) – Equities researchers at Wedbush decreased their Q4 2024 earnings per share (EPS) estimates for shares of Boston Properties in a note issued to investors 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 previous 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) last released its quarterly earnings data 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 analyst estimates of $829.91 million. During the same quarter in the prior year, the company earned $1.86 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year.

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

Boston Properties Trading Down 1.2 %

Shares of BXP stock opened at $78.53 on Friday. The company has a market capitalization of $12.42 billion, a P/E ratio of 34.00, a P/E/G ratio of 0.54 and a beta of 1.18. Boston Properties has a 12-month low of $52.61 and a 12-month high of $90.11. 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 firm has a 50-day moving average price of $81.94 and a 200 day moving average price of $70.89.

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 paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 4.99%. The ex-dividend date was Monday, September 30th. Boston Properties’s payout ratio is 169.70%.

Insider Buying and Selling

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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction that occurred 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. 1.35% of the stock is owned by insiders.

Institutional Trading of Boston Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its stake in Boston Properties by 19.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,419 shares of the real estate investment trust’s stock valued at $811,000 after buying an additional 1,986 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of 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. US Bancorp DE raised its holdings in Boston Properties by 2.9% during the first quarter. US Bancorp DE now owns 48,289 shares of the real estate investment trust’s stock worth $3,154,000 after acquiring an additional 1,378 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Boston Properties by 19.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,984 shares of the real estate investment trust’s stock valued at $17,306,000 after purchasing an additional 43,195 shares during the last quarter. Finally, M&G Plc bought a new position in Boston Properties in the first quarter valued at approximately $3,807,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.