About Boston Properties (NYSE:BXP)
Boston Properties, Inc. is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet. As of December 31, 2016, its properties consisted of 164 Office properties (including six properties under construction/redevelopment); one hotel; five retail properties, and four residential properties (including two under construction). Its tenant base includes sectors, such as media technology, legal services, government/public administration and retail.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Office REITs
- Sub-Industry: Office REITs
- Symbol: NYSE:BXP
- CUSIP: 10112110
- Web: www.bostonproperties.com
- Market Cap: $18.97 billion
- Outstanding Shares: 154,317,000
- 50 Day Moving Avg: $123.41
- 200 Day Moving Avg: $123.93
- 52 Week Range: $113.69 - $140.13
Sales & Book Value:
- Trailing P/E Ratio: 41.67
- Foreward P/E Ratio: 42.39
- P/E Growth: 22.22
- Annual Revenue: $2.57 billion
- Price / Sales: 7.38
- Book Value: $36.38 per share
- Price / Book: 3.38
- Annual Dividend: $3.00
- Dividend Yield: 2.4%
- EBITDA: $1.51 billion
- Net Margins: 18.18%
- Return on Equity: 5.98%
- Return on Assets: 2.44%
- Debt-to-Equity Ratio: 0.92%
- Current Ratio: 0.43%
- Quick Ratio: 0.43%
- Average Volume: 628,105 shs.
- Beta: 0.65
- Short Ratio: 3.77
Frequently Asked Questions for Boston Properties (NYSE:BXP)
What is Boston Properties' stock symbol?
Boston Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "BXP."
How often does Boston Properties pay dividends? What is the dividend yield for Boston Properties?
Boston Properties announced a quarterly dividend on Friday, September 15th. Stockholders of record on Friday, September 29th will be given a dividend of $0.75 per share on Tuesday, October 31st. This represents a $3.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, September 28th. View Boston Properties' Dividend History.
How were Boston Properties' earnings last quarter?
Boston Properties, Inc. (NYSE:BXP) released its quarterly earnings data on Tuesday, August, 1st. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.05. The company earned $656.90 million during the quarter, compared to analyst estimates of $645.96 million. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The business's revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 EPS. View Boston Properties' Earnings History.
When will Boston Properties make its next earnings announcement?
What guidance has Boston Properties issued on next quarter's earnings?
Boston Properties updated its FY17 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $6.20-6.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.19. Boston Properties also updated its Q3 guidance to $1.52-1.54 EPS.
Where is Boston Properties' stock going? Where will Boston Properties' stock price be in 2017?
12 brokers have issued 12-month price targets for Boston Properties' stock. Their forecasts range from $120.00 to $145.00. On average, they expect Boston Properties' share price to reach $132.91 in the next twelve months. View Analyst Ratings for Boston Properties.
Who are some of Boston Properties' key competitors?
Some companies that are related to Boston Properties include SL Green Realty Corporation (SLG), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Gramercy Property Trust (GPT), Paramount Group (PGRE), Paramount Group (PGRE), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Piedmont Office Realty Trust (PDM), Mack-Cali Realty Corporation (CLI), Franklin Street Properties Corp. (FSP), TIER REIT (TIER), Parkway Properties (PKY), NorthStar Realty Europe Corp. (NRE) and City Office REIT (CIO).
Who are Boston Properties' key executives?
Boston Properties' management team includes the folowing people:
- Douglas T. Linde, President, Director
- Owen D. Thomas, Chief Executive Officer, Director
- Michael E. LaBelle, Chief Financial Officer, Executive Vice President, Treasurer
- Peter D. Johnston, Executive Vice President, Washington, D.C. Region
- Bryan J. Koop, Executive Vice President, Boston Region
- Robert E. Pester, Executive Vice President, San Francisco Region
- John F. Powers, Executive Vice President, New York Region
- Raymond A. Ritchey, Senior Executive Vice President
- Michael R. Walsh, Senior Vice President, Chief Accounting Officer
- Frank D. Burt, Senior Vice President, General Counsel, Secretary
Who owns Boston Properties stock?
Boston Properties' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include PGGM Investments (1.44%), APG Asset Management N.V. (0.69%), Robeco Institutional Asset Management B.V. (0.06%), State Treasurer State of Michigan (0.03%), Shell Asset Management Co. (0.02%) and Mutual of America Capital Management LLC (0.01%). Company insiders that own Boston Properties stock include Bryan J Koop, Frank D Burt, Joel Klein, John Francis Powers, Karen E Dykstra, Martin Turchin, Peter D Johnston, Raymond A Ritchey and Robert E Pester. View Institutional Ownership Trends for Boston Properties.
Who sold Boston Properties stock? Who is selling Boston Properties stock?
Boston Properties' stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan and St. Johns Investment Management Company LLC. Company insiders that have sold Boston Properties stock in the last year include Bryan J Koop, Frank D Burt, Peter D Johnston, Raymond A Ritchey and Robert E Pester. View Insider Buying and Selling for Boston Properties.
Who bought Boston Properties stock? Who is buying Boston Properties stock?
Boston Properties' stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, APG Asset Management N.V., Shell Asset Management Co., Robeco Institutional Asset Management B.V. and Mutual of America Capital Management LLC. View Insider Buying and Selling for Boston Properties.
How do I buy Boston Properties stock?
Shares of Boston Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Boston Properties' stock price today?
MarketBeat Community Rating for Boston Properties (NYSE BXP)MarketBeat's community ratings are surveys of what our community members think about Boston Properties and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Boston Properties stock can currently be purchased for approximately $122.93.
Consensus Ratings for Boston Properties (NYSE:BXP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||8 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$132.91 (8.12% upside)|Consensus Price Target History for Boston Properties (NYSE:BXP)
Analysts' Ratings History for Boston Properties (NYSE:BXP)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/9/2017||SunTrust Banks, Inc.||Reiterated Rating||Hold||$130.00||N/A|
|10/6/2017||Evercore ISI||Reiterated Rating||In-Line||$127.00 -> $133.00||N/A|
|8/31/2017||Barclays PLC||Lower Price Target||Overweight||$137.00 -> $135.00||Low|
|8/17/2017||Royal Bank Of Canada||Downgrade||Top Pick -> Outperform||$150.00 -> $140.00||Low|
|7/14/2017||Jefferies Group LLC||Reiterated Rating||Hold||$121.00||Low|
|6/22/2017||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral -> Neutral||$127.00||Low|
|4/5/2017||BMO Capital Markets||Reiterated Rating||Buy||$145.00||Low|
|1/9/2017||Deutsche Bank AG||Reiterated Rating||Buy -> Hold||$152.00 -> $132.00||N/A|
|12/9/2016||Citigroup Inc.||Downgrade||Buy -> Neutral||$143.00||N/A|
|11/30/2016||Wells Fargo & Company||Set Price Target||Buy||$136.00||N/A|
|10/27/2016||Stifel Nicolaus||Downgrade||Buy -> Hold||$140.00 -> $120.00||N/A|
|10/14/2016||Bank of America Corporation||Downgrade||Buy -> Neutral||$148.00||N/A|
|8/25/2016||BTIG Research||Initiated Coverage||Neutral||N/A|
|8/11/2016||J P Morgan Chase & Co||Boost Price Target||Neutral||$133.00 -> $144.00||N/A|
|7/28/2016||DA Davidson||Boost Price Target||Neutral||$140.00 -> $145.00||N/A|
|7/28/2016||Mizuho||Boost Price Target||Neutral||$125.00 -> $131.00||N/A|
|7/25/2016||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$140.00 -> $145.00||N/A|
|5/5/2016||Argus||Boost Price Target||Buy||$137.00 -> $143.00||N/A|
|2/26/2016||Capital One Financial Corporation||Downgrade||Overweight -> Equal Weight||N/A|
|1/19/2016||Credit Suisse Group||Boost Price Target||Outperform||$118.45 -> $144.00||N/A|
|11/13/2015||BB&T Corporation||Initiated Coverage||Buy||$144.50 -> $144.50||N/A|
Earnings History for Boston Properties (NYSE:BXP)Earnings History by Quarter for Boston Properties (NYSE BXP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$1.62||$1.67||$645.96 million||$656.90 million||View||Listen|
|4/25/2017||Q1 2017||$1.50||$1.48||$637.34 million||$632.23 million||View||N/A|
|1/31/2017||Q416||$1.50||$1.54||$621.13 million||$636.10 million||View||Listen|
|10/25/2016||Q316||$1.43||$1.42||$621.99 million||$625.23 million||View||Listen|
|7/26/2016||Q216||$1.39||$1.43||$612.38 million||$623.50 million||View||Listen|
|4/26/2016||Q116||$1.59||$1.63||$644.49 million||$665.99 million||View||Listen|
|2/3/2016||Q415||$1.27||$1.28||$618.63 million||$624.30 million||View||Listen|
|10/29/2015||Q315||$1.37||$1.41||$610.86 million||$629.90 million||View||Listen|
|7/29/2015||Q215||$1.34||$1.36||$603.80 million||$618.22 million||View||Listen|
|4/27/2015||Q115||$1.24||$1.30||$595.60 million||$618.50 million||View||Listen|
|1/29/2015||Q414||$1.26||$1.26||$588.63 million||$595.68 million||View||Listen|
|7/29/2014||Q214||$1.33||$1.35||$1.87 billion||$589.79 million||View||Listen|
|1/29/2014||Q413||$0.14||$1.29||$66.12 million||$576.20 million||View||Listen|
|10/30/2013||Q313||$1.28||$1.29||$512.60 million||$574.08 million||View||Listen|
|5/1/2013||$1.21||$1.06||$470.17 million||$483.01 million||View||Listen|
|1/29/2013||Q4 2012||$1.24||$1.27||$461.02 million||$485.41 million||View||Listen|
Earnings Estimates for Boston Properties (NYSE:BXP)
2017 EPS Consensus Estimate: $6.23
2018 EPS Consensus Estimate: $6.64
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Boston Properties (NYSE:BXP)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||102.04% (Trailing 12 Months of Earnings) |
106.76% (Based on This Year's Estimates)
103.45% (Based on Next Year's Estimates)
Dividend History by Quarter for Boston Properties (NYSE BXP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Boston Properties (NYSE:BXP)
Insider Ownership Percentage: 6.17%Insider Trades by Quarter for Boston Properties (NYSE:BXP)
Institutional Ownership Percentage: 94.45%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/15/2017||Bryan J Koop||Insider||Sell||3,835||$131.16||$502,998.60|| |
|2/27/2017||Peter D. Johnston||Insider||Sell||4,477||$139.60||$624,989.20|| |
|2/22/2017||Frank D Burt||Insider||Sell||2,523||$137.61||$347,190.03|| |
|2/22/2017||Raymond A Ritchey||EVP||Sell||35,000||$137.34||$4,806,900.00|| |
|2/13/2017||Robert E Pester||Insider||Sell||6,688||$134.33||$898,399.04|| |
|8/17/2016||John Francis Powers||Insider||Sell||10,000||$141.90||$1,419,000.00|| |
|8/10/2016||Peter D. Johnston||Insider||Sell||7,111||$143.25||$1,018,650.75|| |
|8/3/2016||Martin Turchin||Director||Sell||1,504||$140.31||$211,026.24|| |
|8/1/2016||Frank D Burt||Insider||Sell||4,573||$142.26||$650,554.98|| |
|6/14/2016||Karen E Dykstra||Director||Buy||1,500||$126.48||$189,720.00|| |
|6/13/2016||Raymond A Ritchey||EVP||Sell||35,000||$127.14||$4,449,900.00|| |
|6/10/2016||Peter D Johnston||EVP||Sell||5,416||$128.66||$696,822.56|| |
|6/1/2016||Joel Klein||Director||Sell||910||$126.28||$114,914.80|| |
|6/4/2015||Raymond A Ritchey||EVP||Sell||50,000||$127.57||$6,378,500.00|| |
|5/14/2015||David A Twardock||Director||Sell||2,080||$132.68||$275,974.40|| |
|3/12/2015||Bryan J Koop||SVP||Sell||3,667||$136.51||$500,582.17|| |
|3/5/2015||Robert E Pester||SVP||Sell||5,909||$139.39||$823,655.51|| |
|2/23/2015||Frank D Burt||SVP||Sell||4,000||$140.12||$560,480.00|| |
|2/13/2015||Peter D Johnston||SVP||Sell||13,488||$141.11||$1,903,291.68|| |
|2/10/2015||Carol B Einiger||Director||Sell||6,936||$140.71||$975,964.56|| |
|2/5/2015||Alan J Patricof||Director||Sell||7,418||$141.70||$1,051,130.60|| |
|6/13/2014||Peter D Johnston||SVP||Sell||4,386||$116.65||$511,626.90|| |
|5/30/2014||Raymond A Ritchey||EVP||Sell||52,615||$119.98||$6,312,747.70|| |
|5/27/2014||Frank D Burt||SVP||Sell||3,833||$118.93||$455,858.69|| |
|5/27/2014||Martin Turchin||Director||Sell||2,216||$120.32||$266,629.12|| |
|5/15/2014||Robert Pester||SVP||Sell||10,734||$118.48||$1,271,764.32|| |
|5/14/2014||Bryan Koop||SVP||Sell||10,000||$118.62||$1,186,200.00|| |
|5/6/2014||Douglas Linde||President||Sell||20,000||$117.24||$2,344,800.00|| |
|5/5/2014||Frank Burt||SVP||Sell||2,500||$118.11||$295,275.00|| |
|2/24/2014||Peter Johnston||SVP||Sell||5,720||$111.35||$636,922.00|| |
|6/18/2013||Owen D Thomas||CEO||Buy||9,002||$111.10||$1,000,122.20|| |
|5/17/2013||Robert E Selsam||SVP||Sell||1,856||$112.01||$207,890.56|| |
|5/16/2013||Robert E Pester||SVP||Sell||13,011||$111.71||$1,453,458.81|| |
|3/13/2013||Douglas T Linde||President||Sell||35,000||$104.82||$3,668,700.00|| |
|11/14/2012||Frank D Burt||SVP||Sell||2,500||$101.60||$254,000.00|| |
|8/24/2012||Michael E Labelle||CFO||Sell||1,087||$111.55||$121,254.85|| |
Headline Trends for Boston Properties (NYSE:BXP)
Latest Headlines for Boston Properties (NYSE:BXP)
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Boston Properties (BXP) Chart for Sunday, October, 22, 2017