BXP, Inc. (NYSE:BXP) Plans Quarterly Dividend of $0.70

Key Points

• BXP, Inc. announced a quarterly dividend of $0.70 per share, with a record date of September 30th and a payment date set for October 31st, representing an annualized dividend yield of 3.8%.
• The company has a dividend payout ratio of 206.3%, indicating that it cannot cover its dividend with earnings alone, but is expected to improve with a future payout ratio estimated at 53.9%.
• BXP's stock increased by $1.52 to $73.92 during trading, with a significant market capitalization of $11.71 billion and a price-to-earnings ratio of 2,466.09.

BXP, Inc. (NYSE:BXP - Get Free Report) announced a quarterly dividend on Wednesday, September 10th, Wall Street Journal reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.70 per share by the real estate investment trust on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 30th.

BXP has a dividend payout ratio of 206.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect BXP to earn $7.27 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 53.9%.

BXP Price Performance

BXP stock traded up $1.52 during trading hours on Wednesday, hitting $73.92. The stock had a trading volume of 1,650,855 shares, compared to its average volume of 1,555,148. The stock's fifty day moving average is $68.97 and its two-hundred day moving average is $67.62. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.76 and a quick ratio of 3.76. BXP has a 1-year low of $54.22 and a 1-year high of $90.11. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 2,466.09, a PEG ratio of 4.19 and a beta of 1.22.

BXP (NYSE:BXP - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 EPS for the quarter, topping the consensus estimate of $1.67 by $0.04. BXP had a return on equity of 3.89% and a net margin of 0.11%.The firm had revenue of $868.46 million for the quarter, compared to analyst estimates of $845.09 million. During the same period in the previous year, the company posted $1.77 EPS. BXP's revenue for the quarter was up 2.1% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, analysts predict that BXP will post 6.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BXP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BXP. Vanguard Group Inc. boosted its stake in BXP by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust's stock valued at $1,651,017,000 after acquiring an additional 1,016,579 shares during the last quarter. State Street Corp boosted its holdings in shares of BXP by 1.7% in the second quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust's stock worth $782,337,000 after buying an additional 186,269 shares during the period. Norges Bank acquired a new position in shares of BXP in the second quarter worth about $686,886,000. Geode Capital Management LLC lifted its position in shares of BXP by 1.7% in the second quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust's stock worth $279,186,000 after purchasing an additional 68,481 shares in the last quarter. Finally, Boston Partners raised its position in BXP by 15.5% during the second quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust's stock valued at $203,020,000 after acquiring an additional 403,090 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company's stock.

BXP Company Profile

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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