Wedbush Predicts Boston Properties’ Q4 Earnings (NYSE:BXP)

Boston Properties, Inc. (NYSE:BXP) – Wedbush cut 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 previous forecast of $1.81. 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. Wedbush also issued estimates for Boston Properties’ FY2025 earnings at $7.15 EPS.

Other analysts have also recently issued research reports about the stock. Evercore ISI increased their price objective on shares of Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Compass Point raised shares of Boston Properties from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $88.00 in a report on Thursday. Piper Sandler raised shares of Boston Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $78.00 to $105.00 in a report on Wednesday, October 23rd. Barclays increased their target price on shares of Boston Properties from $65.00 to $88.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Finally, StockNews.com lowered shares of 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 assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Boston Properties has an average rating of “Hold” and a consensus target price of $80.85.

Boston Properties Stock Up 0.1 %

BXP stock opened at $79.48 on Friday. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 2.01. Boston Properties has a fifty-two week low of $52.61 and a fifty-two week high of $90.11. The firm’s 50-day simple moving average is $81.84 and its 200 day simple moving average is $70.83. The stock has a market cap of $12.57 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18.

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 for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The firm had revenue of $859.23 million during the quarter, compared to analyst estimates of $829.91 million. During the same period last year, the business earned $1.86 EPS. The firm’s revenue was up 4.2% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of Boston Properties in the third quarter worth about $58,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Boston Properties by 5,025.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 603 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Boston Properties by 9.8% in the third quarter. Crossmark Global Holdings Inc. now owns 8,575 shares of the real estate investment trust’s stock worth $690,000 after buying an additional 763 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Boston Properties by 12.0% in the third quarter. Van ECK Associates Corp now owns 69,275 shares of the real estate investment trust’s stock worth $6,024,000 after buying an additional 7,447 shares during the period. Finally, Sun Life Financial Inc. purchased a new stake in shares of Boston Properties in the third quarter worth approximately $9,674,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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 shares were 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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter V. Otteni sold 4,785 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given 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 dividend yield of 4.93%. Boston Properties’s dividend payout ratio (DPR) is 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.