Boston Properties Inc. (NYSE:BXP) – Equities researchers at KeyCorp upped their FY2016 earnings estimates for shares of Boston Properties in a research report issued to clients and investors on Monday. KeyCorp analyst C. Mailman now forecasts that the brokerage will post earnings per share of $5.98 for the year, up from their prior forecast of $5.97.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.43 by $0.01. The firm had revenue of $625.23 million for the quarter, compared to analyst estimates of $621.99 million. Boston Properties had a net margin of 19.83% and a return on equity of 6.54%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 EPS.

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Earnings History and Estimates for Boston Properties (NYSE:BXP)

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Boston Properties from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a report on Thursday, August 4th. Jefferies Group dropped their target price on shares of Boston Properties from $141.00 to $138.00 and set a “hold” rating for the company in a report on Monday, August 22nd. Evercore ISI cut shares of Boston Properties from a “buy” rating to a “hold” rating and increased their target price for the stock from $147.00 to $149.00 in a report on Monday, August 22nd. Stifel Nicolaus cut shares of Boston Properties from a “buy” rating to a “hold” rating and dropped their target price for the stock from $140.00 to $120.00 in a report on Thursday, October 27th. They noted that the move was a valuation call. Finally, TheStreet cut shares of Boston Properties from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Boston Properties currently has a consensus rating of “Hold” and an average target price of $144.47.

Boston Properties (NYSE:BXP) opened at 123.88 on Tuesday. Boston Properties has a one year low of $107.28 and a one year high of $144.02. The company’s 50-day moving average is $122.64 and its 200-day moving average is $131.57. The firm has a market cap of $19.05 billion, a PE ratio of 38.59 and a beta of 0.63.

Several hedge funds have recently made changes to their positions in BXP. Sarasin & Partners LLP increased its stake in shares of Boston Properties by 0.4% in the second quarter. Sarasin & Partners LLP now owns 215,333 shares of the company’s stock valued at $28,402,000 after buying an additional 927 shares during the period. Gofen & Glossberg LLC IL increased its stake in Boston Properties by 4.5% in the second quarter. Gofen & Glossberg LLC IL now owns 5,851 shares of the company’s stock valued at $772,000 after buying an additional 250 shares during the last quarter. NN Investment Partners Holdings N.V. increased its stake in Boston Properties by 10.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 432,156 shares of the company’s stock valued at $57,001,000 after buying an additional 40,000 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Boston Properties by 1.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 131,223 shares of the company’s stock valued at $17,308,000 after buying an additional 1,626 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its stake in Boston Properties by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 39,762 shares of the company’s stock valued at $5,245,000 after buying an additional 2,366 shares during the last quarter. 94.42% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This news story was published by Financial Market News and is owned by of Financial Market News. If you are accessing this news story on another publication, it was stolen and republished in violation of United States and international copyright and trademark law. The correct version of this news story can be accessed at http://www.financial-market-news.com/keycorp-weighs-in-on-boston-properties-inc-s-fy2016-earnings-bxp/1211742/.

Boston Properties Company Profile

Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. The Company’s segments by geographic area are Boston, New York, San Francisco and Washington, DC. The Company conducts its operations through Boston Properties Limited Partnership.

5 Day Chart for NYSE:BXP

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