BXP, Inc. (NYSE:BXP) Plans Quarterly Dividend of $0.98

BXP, Inc. (NYSE:BXP - Get Free Report) announced a quarterly dividend on Friday, June 20th, RTT News reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.98 per share by the real estate investment trust on Thursday, July 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.47%.

BXP has a dividend payout ratio of 206.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Down 0.1%

Shares of BXP stock traded down $0.10 during trading on Friday, hitting $71.61. The company's stock had a trading volume of 3,222,479 shares, compared to its average volume of 1,317,949. BXP has a 52 week low of $54.22 and a 52 week high of $90.11. The company has a market capitalization of $11.34 billion, a PE ratio of -3,578.66, a P/E/G ratio of 5.86 and a beta of 1.16. The company has a fifty day simple moving average of $67.08 and a two-hundred day simple moving average of $69.64. The company has a debt-to-equity ratio of 2.04, a quick ratio of 4.23 and a current ratio of 4.23.

BXP (NYSE:BXP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.01). BXP had a positive return on equity of 3.72% and a negative net margin of 0.16%. The business had revenue of $865.22 million during the quarter, compared to analysts' expectations of $833.89 million. During the same quarter last year, the company posted $1.73 EPS. BXP's revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts predict that BXP will post 6.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BXP shares. Barclays lowered their price objective on BXP from $89.00 to $79.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Truist Financial lowered their price target on BXP from $75.00 to $71.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. Scotiabank dropped their price target on shares of BXP from $85.00 to $83.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Jefferies Financial Group began coverage on shares of BXP in a research note on Monday, March 17th. They set a "buy" rating and a $78.00 price objective for the company. Finally, UBS Group decreased their target price on shares of BXP from $80.00 to $68.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $77.67.

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.

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