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

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) declared a quarterly dividend on Tuesday, September 9th, Wall Street Journal reports. Shareholders 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) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 30th.

BXP has a 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 Stock Up 0.9%

BXP traded up $0.69 during mid-day trading on Monday, reaching $77.87. 1,921,740 shares of the stock were exchanged, compared to its average volume of 1,565,400. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.76 and a current ratio of 3.76. The stock has a market capitalization of $12.33 billion, a PE ratio of 2,596.67, a price-to-earnings-growth ratio of 4.26 and a beta of 1.22. The company has a 50 day moving average price of $69.41 and a two-hundred day moving average price of $67.73. BXP has a 1 year low of $54.22 and a 1 year high of $90.11.

BXP (NYSE:BXP - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $845.09 million. During the same quarter in the previous year, the business earned $1.77 EPS. The company's revenue was up 2.1% compared to the same quarter last year. 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, research analysts anticipate that BXP will post 6.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BXP shares. Piper Sandler boosted their target price on BXP from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 9th. Evercore ISI downgraded BXP from an "outperform" rating to an "in-line" rating and set a $76.00 target price on the stock. in a research note on Tuesday, September 9th. BMO Capital Markets decreased their price target on shares of BXP from $86.00 to $84.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. Wells Fargo & Company decreased their price target on shares of BXP from $78.00 to $77.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Finally, Scotiabank decreased their price target on shares of BXP from $81.00 to $77.00 and set a "sector perform" rating for the company in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $77.06.

About BXP

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.