Boston Properties Company Profile (NYSE:BXP)

About Boston Properties (NYSE:BXP)

Boston Properties logoBoston 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
Capitalization:
  • Market Cap: $18.97 billion
  • Outstanding Shares: 154,317,000
Average Prices:
  • 50 Day Moving Avg: $123.41
  • 200 Day Moving Avg: $123.93
  • 52 Week Range: $113.69 - $140.13
P/E:
  • Trailing P/E Ratio: 41.67
  • Foreward P/E Ratio: 42.39
  • P/E Growth: 22.22
Sales & Book Value:
  • Annual Revenue: $2.57 billion
  • Price / Sales: 7.38
  • Book Value: $36.38 per share
  • Price / Book: 3.38
Dividend:
  • Annual Dividend: $3.00
  • Dividend Yield: 2.4%
Profitability:
  • EBITDA: $1.51 billion
  • Net Margins: 18.18%
  • Return on Equity: 5.98%
  • Return on Assets: 2.44%
Debt:
  • Debt-to-Equity Ratio: 0.92%
  • Current Ratio: 0.43%
  • Quick Ratio: 0.43%
Misc:
  • 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?

Boston Properties is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Boston Properties.

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?

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?

One share of Boston Properties stock can currently be purchased for approximately $122.93.


MarketBeat Community Rating for Boston Properties (NYSE BXP)
Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  437 (Vote Outperform)
Underperform Votes:  304 (Vote Underperform)
Total Votes:  741
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.

Analyst Ratings

Consensus Ratings for Boston Properties (NYSE:BXP) (How are Consensus Ratings Calculated?)
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)
Price Target History for Boston Properties (NYSE:BXP)
Analysts' Ratings History for Boston Properties (NYSE:BXP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/9/2017SunTrust Banks, Inc.Reiterated RatingHold$130.00N/AView Rating Details
10/6/2017Evercore ISIReiterated RatingIn-Line$127.00 -> $133.00N/AView Rating Details
10/4/2017KeyCorpReiterated RatingHoldMediumView Rating Details
8/31/2017Barclays PLCLower Price TargetOverweight$137.00 -> $135.00LowView Rating Details
8/17/2017Royal Bank Of CanadaDowngradeTop Pick -> Outperform$150.00 -> $140.00LowView Rating Details
7/14/2017Jefferies Group LLCReiterated RatingHold$121.00LowView Rating Details
6/22/2017Goldman Sachs Group, Inc. (The)Reiterated RatingNeutral -> Neutral$127.00LowView Rating Details
4/5/2017BMO Capital MarketsReiterated RatingBuy$145.00LowView Rating Details
1/9/2017Deutsche Bank AGReiterated RatingBuy -> Hold$152.00 -> $132.00N/AView Rating Details
12/9/2016Citigroup Inc.DowngradeBuy -> Neutral$143.00N/AView Rating Details
11/30/2016Wells Fargo & CompanySet Price TargetBuy$136.00N/AView Rating Details
10/27/2016Stifel NicolausDowngradeBuy -> Hold$140.00 -> $120.00N/AView Rating Details
10/14/2016Bank of America CorporationDowngradeBuy -> Neutral$148.00N/AView Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralN/AView Rating Details
8/11/2016J P Morgan Chase & CoBoost Price TargetNeutral$133.00 -> $144.00N/AView Rating Details
7/28/2016DA DavidsonBoost Price TargetNeutral$140.00 -> $145.00N/AView Rating Details
7/28/2016MizuhoBoost Price TargetNeutral$125.00 -> $131.00N/AView Rating Details
7/25/2016Morgan StanleyDowngradeOverweight -> Equal Weight$140.00 -> $145.00N/AView Rating Details
5/5/2016ArgusBoost Price TargetBuy$137.00 -> $143.00N/AView Rating Details
2/26/2016Capital One Financial CorporationDowngradeOverweight -> Equal WeightN/AView Rating Details
1/19/2016Credit Suisse GroupBoost Price TargetOutperform$118.45 -> $144.00N/AView Rating Details
11/13/2015BB&T CorporationInitiated CoverageBuy$144.50 -> $144.50N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Boston Properties (NYSE:BXP)
Earnings by Quarter for Boston Properties (NYSE:BXP)
Earnings History by Quarter for Boston Properties (NYSE BXP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2017$0.69N/AView Earnings Details
8/1/2017Q2 2017$1.62$1.67$645.96 million$656.90 millionViewListenView Earnings Details
4/25/2017Q1 2017$1.50$1.48$637.34 million$632.23 millionViewN/AView Earnings Details
1/31/2017Q416$1.50$1.54$621.13 million$636.10 millionViewListenView Earnings Details
10/25/2016Q316$1.43$1.42$621.99 million$625.23 millionViewListenView Earnings Details
7/26/2016Q216$1.39$1.43$612.38 million$623.50 millionViewListenView Earnings Details
4/26/2016Q116$1.59$1.63$644.49 million$665.99 millionViewListenView Earnings Details
2/3/2016Q415$1.27$1.28$618.63 million$624.30 millionViewListenView Earnings Details
10/29/2015Q315$1.37$1.41$610.86 million$629.90 millionViewListenView Earnings Details
7/29/2015Q215$1.34$1.36$603.80 million$618.22 millionViewListenView Earnings Details
4/27/2015Q115$1.24$1.30$595.60 million$618.50 millionViewListenView Earnings Details
1/29/2015Q414$1.26$1.26$588.63 million$595.68 millionViewListenView Earnings Details
7/29/2014Q214$1.33$1.35$1.87 billion$589.79 millionViewListenView Earnings Details
1/29/2014Q413$0.14$1.29$66.12 million$576.20 millionViewListenView Earnings Details
10/30/2013Q313$1.28$1.29$512.60 million$574.08 millionViewListenView Earnings Details
5/1/2013$1.21$1.06$470.17 million$483.01 millionViewListenView Earnings Details
1/29/2013Q4 2012$1.24$1.27$461.02 million$485.41 millionViewListenView Earnings Details
10/23/2012$1.17$1.16ViewN/AView Earnings Details
8/6/2012$1.24$1.24ViewN/AView Earnings Details
5/1/2012$1.13$1.13ViewN/AView Earnings Details
1/31/2012$1.19$1.21ViewN/AView Earnings Details
10/25/2011$1.24$1.29ViewN/AView Earnings Details
5/2/2011$1.09$1.13ViewN/AView Earnings Details
1/25/2011$0.61$0.64ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Boston Properties (NYSE:BXP)
2017 EPS Consensus Estimate: $6.23
2018 EPS Consensus Estimate: $6.64
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175$1.49$1.53$1.50
Q2 20175$1.57$1.66$1.61
Q3 20175$1.52$1.59$1.56
Q4 20175$1.53$1.58$1.56
Q1 20183$1.57$1.62$1.59
Q2 20183$1.64$1.68$1.66
Q3 20183$1.64$1.74$1.69
Q4 20182$1.65$1.77$1.71
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Boston Properties (NYSE:BXP)
Next Dividend:10/31/2017
Annual Dividend:$3.00
Dividend Yield:2.44%
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 Payments by Quarter for Boston Properties (NYSE:BXP)

Dividend History by Quarter for Boston Properties (NYSE BXP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/15/2017quarterly$0.752.47%9/28/20179/29/201710/31/2017
6/16/2017quarterly$0.752.38%6/28/20176/30/20177/31/2017
3/16/2017quarterly$0.752.25%3/29/20173/31/20174/28/2017
12/19/2016quarterly$0.752.36%12/28/201612/30/20161/30/2017
9/1/2016quarterly$0.651.83%9/28/20169/30/201610/31/2016
6/16/2016quarterly$0.652.05%6/28/20166/30/20167/29/2016
3/9/2016quarterly$0.652.22%3/29/20163/31/20164/29/2016
12/17/2015special$1.252.02%12/29/201512/31/20151/28/2016
9/16/2015quarterly$0.652.18%9/28/20159/30/201510/30/2015
6/17/2015quarterly$0.652.03%6/26/20156/30/20157/31/2015
3/18/2015quarterly$0.651.84%3/27/20153/31/20154/30/2015
12/8/2014special$4.501.95%12/29/201412/31/20141/28/2015
9/11/2014quarterly$0.652.25%9/26/20149/30/201410/31/2014
6/19/2014quarterly$0.652.2%6/26/20146/30/20147/31/2014
3/18/2014quarterly$0.652.32%3/27/20143/31/20144/30/2014
12/2/2013quarterly$0.652.61%12/27/201312/31/20121/29/2014
12/2/2013special$2.252.61%12/27/201312/31/20131/29/2014
9/18/2013quarterly$0.652.34%9/26/20139/30/201310/31/2013
6/18/2013quarterly$0.652.42%6/26/20136/28/20137/31/2013
3/11/2013quarterly$0.652.48%3/26/20133/29/20134/30/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Boston Properties (NYSE:BXP)
Insider Ownership Percentage: 6.17%
Institutional Ownership Percentage: 94.45%
Insider Trades by Quarter for Boston Properties (NYSE:BXP)
Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)
Insider Trades by Quarter for Boston Properties (NYSE:BXP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/15/2017Bryan J KoopInsiderSell3,835$131.16$502,998.60View SEC Filing  
2/27/2017Peter D. JohnstonInsiderSell4,477$139.60$624,989.20View SEC Filing  
2/22/2017Frank D BurtInsiderSell2,523$137.61$347,190.03View SEC Filing  
2/22/2017Raymond A RitcheyEVPSell35,000$137.34$4,806,900.00View SEC Filing  
2/13/2017Robert E PesterInsiderSell6,688$134.33$898,399.04View SEC Filing  
8/17/2016John Francis PowersInsiderSell10,000$141.90$1,419,000.00View SEC Filing  
8/10/2016Peter D. JohnstonInsiderSell7,111$143.25$1,018,650.75View SEC Filing  
8/3/2016Martin TurchinDirectorSell1,504$140.31$211,026.24View SEC Filing  
8/1/2016Frank D BurtInsiderSell4,573$142.26$650,554.98View SEC Filing  
6/14/2016Karen E DykstraDirectorBuy1,500$126.48$189,720.00View SEC Filing  
6/13/2016Raymond A RitcheyEVPSell35,000$127.14$4,449,900.00View SEC Filing  
6/10/2016Peter D JohnstonEVPSell5,416$128.66$696,822.56View SEC Filing  
6/1/2016Joel KleinDirectorSell910$126.28$114,914.80View SEC Filing  
6/4/2015Raymond A RitcheyEVPSell50,000$127.57$6,378,500.00View SEC Filing  
5/14/2015David A TwardockDirectorSell2,080$132.68$275,974.40View SEC Filing  
3/12/2015Bryan J KoopSVPSell3,667$136.51$500,582.17View SEC Filing  
3/5/2015Robert E PesterSVPSell5,909$139.39$823,655.51View SEC Filing  
2/23/2015Frank D BurtSVPSell4,000$140.12$560,480.00View SEC Filing  
2/13/2015Peter D JohnstonSVPSell13,488$141.11$1,903,291.68View SEC Filing  
2/10/2015Carol B EinigerDirectorSell6,936$140.71$975,964.56View SEC Filing  
2/5/2015Alan J PatricofDirectorSell7,418$141.70$1,051,130.60View SEC Filing  
6/13/2014Peter D JohnstonSVPSell4,386$116.65$511,626.90View SEC Filing  
5/30/2014Raymond A RitcheyEVPSell52,615$119.98$6,312,747.70View SEC Filing  
5/27/2014Frank D BurtSVPSell3,833$118.93$455,858.69View SEC Filing  
5/27/2014Martin TurchinDirectorSell2,216$120.32$266,629.12View SEC Filing  
5/15/2014Robert PesterSVPSell10,734$118.48$1,271,764.32View SEC Filing  
5/14/2014Bryan KoopSVPSell10,000$118.62$1,186,200.00View SEC Filing  
5/6/2014Douglas LindePresidentSell20,000$117.24$2,344,800.00View SEC Filing  
5/5/2014Frank BurtSVPSell2,500$118.11$295,275.00View SEC Filing  
2/24/2014Peter JohnstonSVPSell5,720$111.35$636,922.00View SEC Filing  
6/18/2013Owen D ThomasCEOBuy9,002$111.10$1,000,122.20View SEC Filing  
5/17/2013Robert E SelsamSVPSell1,856$112.01$207,890.56View SEC Filing  
5/16/2013Robert E PesterSVPSell13,011$111.71$1,453,458.81View SEC Filing  
3/13/2013Douglas T LindePresidentSell35,000$104.82$3,668,700.00View SEC Filing  
11/14/2012Frank D BurtSVPSell2,500$101.60$254,000.00View SEC Filing  
8/24/2012Michael E LabelleCFOSell1,087$111.55$121,254.85View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Boston Properties (NYSE:BXP)
Latest Headlines for Boston Properties (NYSE:BXP)
Source:
Loading headlines, please wait.

Social

Chart

Boston Properties (BXP) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.