BXP (NYSE:BXP) Posts Quarterly Earnings Results

Key Points

• BXP reported a quarterly earnings per share (EPS) of $1.71, exceeding analysts' expectations of $1.67 by $0.04.
• The company declared a quarterly dividend of $0.98, with a yield of 5.56%, scheduled to be paid on July 31st.
• Analysts have mixed views on BXP's stock, with the consensus rating being "Hold" and an average price target of $78.07.

BXP (NYSE:BXP - Get Free Report) released its earnings results on Tuesday. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.04, Zacks reports. 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 quarter last year, the firm posted $1.77 EPS. The company's revenue was up 2.1% on a year-over-year basis. BXP updated its FY 2025 guidance to 6.840-6.92 EPS and its Q3 2025 guidance to 1.690-1.71 EPS.

BXP Stock Down 1.2%

Shares of BXP stock traded down $0.79 on Friday, hitting $64.64. 2,711,944 shares of the stock were exchanged, compared to its average volume of 1,514,900. The company has a current ratio of 3.76, a quick ratio of 4.23 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $10.23 billion, a P/E ratio of 2,155.39, a price-to-earnings-growth ratio of 5.35 and a beta of 1.17. BXP 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 of $69.74 and a 200 day moving average of $68.23.

BXP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Monday, June 30th. BXP's payout ratio is 13,066.67%.

Analysts Set New Price Targets

A number of brokerages have weighed in on BXP. Wall Street Zen raised shares of BXP from a "sell" rating to a "hold" rating in a report on Saturday. BMO Capital Markets restated an "outperform" rating and issued a $86.00 price target (up from $85.00) on shares of BXP in a research report on Monday, June 23rd. JPMorgan Chase & Co. upgraded shares of BXP from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $72.00 to $78.00 in a research report on Monday, June 23rd. Wells Fargo & Company decreased their price objective on BXP from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Finally, Scotiabank dropped their price target on shares of BXP from $83.00 to $81.00 and set a "sector perform" rating for the company in a research note on Monday, July 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, BXP presently has a consensus rating of "Hold" and a consensus price target of $78.07.

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.