Boston Properties (NYSE:BXP - Get Free Report) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.01), Zacks reports. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%.
Boston Properties Stock Down 1.8 %
Shares of NYSE:BXP traded down $1.18 during trading on Tuesday, hitting $65.06. The company's stock had a trading volume of 2,442,263 shares, compared to its average volume of 1,258,878. The company has a market capitalization of $10.30 billion, a PE ratio of 650.67, a P/E/G ratio of 0.91 and a beta of 1.06. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. Boston Properties has a fifty-two week low of $54.22 and a fifty-two week high of $90.11. The business has a 50 day moving average price of $65.79 and a two-hundred day moving average price of $73.42.
Boston Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.98 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $3.92 annualized dividend and a yield of 6.03%. Boston Properties's dividend payout ratio (DPR) is presently 3,920.00%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Barclays dropped their target price on Boston Properties from $89.00 to $79.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Jefferies Financial Group initiated coverage on Boston Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $78.00 target price for the company. Scotiabank cut their price objective on Boston Properties from $85.00 to $83.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Wells Fargo & Company decreased their price objective on Boston Properties from $88.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Piper Sandler reduced their price target on Boston Properties from $100.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $79.83.
Check Out Our Latest Report on Boston Properties
Insider Transactions at Boston Properties
In related news, EVP Donna D. Garesche sold 2,143 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total value of $145,445.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Hilary J. Spann sold 12,379 shares of Boston Properties stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total transaction of $891,535.58. Following the transaction, the executive vice president now owns 7,271 shares of the company's stock, valued at approximately $523,657.42. The trade was a 63.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.35% of the company's stock.
About Boston Properties
(
Get Free Report)
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.
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