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:
  • Market Cap: $18.95638 billion
  • Outstanding Shares: 154,317,000
Average Prices:
  • 50 Day Moving Avg: $121.20
  • 200 Day Moving Avg: $125.10
  • 52 Week Range: $113.69 - $140.26
  • Trailing P/E Ratio: 41.25
  • Foreward P/E Ratio: 19.07
  • P/E Growth: 22.73
Sales & Book Value:
  • Annual Revenue: $2.57 billion
  • Price / Sales: 7.31
  • Book Value: $36.38 per share
  • Price / Book: 3.34
  • Annual Dividend: $3.00
  • Dividend Yield: 2.4%
  • EBIDTA: $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: 610,978 shs.
  • Beta: 0.64
  • 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 paid a dividend of $0.75 per share on Tuesday, October 31st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, September 28th. View Boston Properties' Dividend History.

How were Boston Properties' earnings last quarter?

Boston Properties, Inc. (NYSE:BXP) released its earnings results on Tuesday, August, 1st. The company reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.62 by $0.05. The business had revenue of $656.90 million for the quarter, compared to analysts' expectations of $645.96 million. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. Boston Properties's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $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 issued an update on 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 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 analysts have issued 1-year price objectives for Boston Properties' shares. Their predictions range from $120.00 to $148.00. On average, they expect Boston Properties' stock price to reach $134.55 in the next year. 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.45%), BlackRock Inc. (9.75%), FMR LLC (6.13%), State Street Corp (5.68%), APG Asset Management US Inc. (4.21%) and JPMorgan Chase & Co. (2.48%). 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 Cbre Clarion Securities LLC, Standard Life Investments LTD, FMR LLC, Lasalle Investment Management Securities LLC, Korea Investment CORP, American Century Companies Inc., Balyasny Asset Management LLC and Resolution Capital Ltd. 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., APG Asset Management N.V., Bank of Montreal Can, Canada Pension Plan Investment Board, Schwab Charles Investment Management Inc., Boston Partners, Migdal Insurance & Financial Holdings Ltd. and Westwood Holdings Group Inc.. 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 $121.68.

MarketBeat Community Rating for Boston Properties (NYSE BXP)
Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  427 (Vote Outperform)
Underperform Votes:  292 (Vote Underperform)
Total Votes:  719
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: $134.55 (10.57% upside)

Analysts' Ratings History for Boston Properties (NYSE:BXP)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/1/2017KeyCorpReiterated RatingHoldLowView 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
4/28/2017Evercore ISIReiterated RatingIn-Line$138.00 -> $133.00LowView 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
5/12/2016SunTrust Banks, Inc.Boost Price TargetNeutral$121.00 -> $134.00N/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 9/23/2015 forward)


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)


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$1.51$1.58$1.55
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)


Current Dividend Information for Boston Properties (NYSE:BXP)
Next Dividend:10/31/2017
Annual Dividend:$3.00
Dividend Yield:2.47%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:102.04% (Trailing 12 Months of Earnings)
48.15% (Based on This Year's Estimates)
47.02% (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
(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: 94.58%
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)


Headline Trends for Boston Properties (NYSE:BXP)
Latest Headlines for Boston Properties (NYSE:BXP)
DateHeadline logoBoston Properties, Inc. breached its 50 day moving average in a Bearish Manner : BXP-US : September 20, 2017 - September 20 at 5:37 PM logoBoston Properties, Inc. Plans Quarterly Dividend of $0.75 (BXP) - September 15 at 6:28 PM logo Analysts Expect Boston Properties, Inc. (BXP) Will Post Quarterly Sales of $627.58 Million - September 12 at 5:48 AM logoBoston Properties to Participate in the Barclays Global Financial Services Conference - September 8 at 5:15 PM logoBoston Properties to Participate in the Evercore ISI 2017 Real Estate Conference - September 5 at 11:26 PM logoHow Boston Property Is Flourishing despite Rising Interest Rates - September 5 at 6:24 PM logoWhat’s Boston Properties’ Balance Sheet Position? - September 5 at 6:24 PM logoBoston Properties, Inc. breached its 50 day moving average in a Bullish Manner : BXP-US : September 5, 2017 - September 5 at 6:24 PM logoHow Boston Properties Returns Value to Shareholders - September 5 at 6:24 PM logoBoston Properties Could Ride High on These Factors - September 4 at 4:57 PM logoBoston Properties Maintained Profitability with Development Projects - September 4 at 4:56 PM logoCan Boston Properties Flourish amid Higher Interest Rates? - September 4 at 4:56 PM logoBoston Properties, Inc. (BXP) Receives Average Rating of "Hold" from Brokerages - September 2 at 2:44 AM logoCritical Contrast: Boston Properties (BXP) versus Mack-Cali Realty Corporation (CLI) - September 1 at 8:20 PM logoBoston Properties' (BXP) "Hold" Rating Reaffirmed at KeyCorp - September 1 at 6:30 PM logoWhy Boston Properties Could Be Strong Enough to Combat Headwinds - September 1 at 5:06 PM logoHow Did Boston Properties Fare in 1H17? - September 1 at 5:06 PM logoWhat Lies Ahead for Boston Properties in 2017? - September 1 at 5:06 PM logoMarriott's new Bethesda HQ will be larger than previously planned - September 1 at 5:06 PM logoMarriott's planned Bethesda HQ will anchor a 1M-square-foot complex - September 1 at 5:06 PM logoBarclays PLC Cuts Boston Properties, Inc. (BXP) Price Target to $135.00 - August 31 at 7:34 PM logoBoston Properties (BXP) versus SL Green Realty Corporation (SLG) Head to Head Review - August 27 at 2:28 PM logoDon't Sell Boston Properties (BXP) Stock Now -- Here's Why - August 24 at 10:02 PM logoAt long last, GSA picks a new headquarters site for the TSA - August 24 at 10:02 PM logoDon't Sell Boston Properties (BXP) Stock Now -- Here's Why - August 24 at 10:02 PM logo$627.58 Million in Sales Expected for Boston Properties, Inc. (BXP) This Quarter - August 24 at 6:44 AM logoBoston Properties, Inc. (BXP) Expected to Post Earnings of $1.54 Per Share - August 23 at 12:10 AM logo3 Real Estate Stocks You Can Keep Forever - August 22 at 5:29 PM logoKeyCorp Analysts Boost Earnings Estimates for Boston Properties, Inc. (BXP) - August 18 at 8:10 AM logoRoyal Bank Of Canada Lowers Boston Properties, Inc. (BXP) to Outperform - August 17 at 11:38 AM logoEarnings Review and Free Research Report: Boston Properties’ Revenue Grew 5.4%; FFO Jumped 16.8% - August 16 at 5:22 PM logoIHS Markit Score Update: Drop in demand for ETFs holding Boston Properties Inc is a negative sign for its shares - August 11 at 4:04 AM logoCanada Goose swooping into Boston with new retail store - August 10 at 5:59 PM logoSee what the IHS Markit Score report has to say about Boston Properties Inc. - August 10 at 3:04 AM logoBoston Properties, Inc. (BXP) Given Average Recommendation of "Hold" by Brokerages - August 8 at 7:34 AM logoZacks: Analysts Anticipate Boston Properties, Inc. (NYSE:BXP) Will Post Quarterly Sales of $629.07 Million - August 6 at 7:14 AM logoZacks: Analysts Anticipate Boston Properties, Inc. (NYSE:BXP) to Post $1.55 EPS - August 4 at 8:28 PM logoBoston Properties, Inc. breached its 50 day moving average in a Bullish Manner : BXP-US : August 4, 2017 - August 4 at 5:07 PM logoBoston Properties (BXP) Q2 FFO and Revenues Beat Estimates - August 3 at 6:18 PM logoEdited Transcript of BXP earnings conference call or presentation 2-Aug-17 2:00pm GMT - August 2 at 10:37 PM logoBoston Properties, Inc. (BXP) Issues Quarterly Earnings Results - August 2 at 12:40 AM logoBoston Properties Announces Second Quarter 2017 Results - August 1 at 10:42 PM logoBoston Properties reports 2Q results - August 1 at 10:42 PM logoBoston Properties, Inc. (NYSE:BXP) Updates Q3 Earnings Guidance - August 1 at 9:28 PM logoBoston Properties, Inc. (BXP) Updates FY17 Earnings Guidance - August 1 at 9:28 PM logoWhy Boston Properties, Inc. (BXP) Might Surprise This Earnings Season - July 28 at 6:24 PM logoBoston Properties (BXP) Q2 Earnings: Is a Beat in Store? - July 26 at 5:26 PM logoDone deal: Marriott finalizes agreement for new Bethesda HQ, locks in timeline for check-in - July 26 at 5:26 PM logoBoston Properties to Release Second Quarter 2017 Financial Results on August 1, 2017 - July 19 at 6:03 PM logoBoston Properties, Inc. (NYSE:BXP) to Release Earnings on Wednesday - July 19 at 8:15 AM



Boston Properties (BXP) Chart for Saturday, September, 23, 2017

This page was last updated on 9/23/2017 by Staff