BXP (NYSE:BXP) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

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) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.04, Zacks reports. BXP had a negative net margin of 0.16% and a positive return on equity of 3.72%.

BXP Stock Performance

BXP stock traded up $0.87 during trading on Tuesday, hitting $70.47. The stock had a trading volume of 2,058,877 shares, compared to its average volume of 1,498,194. BXP has a 1 year low of $54.22 and a 1 year high of $90.11. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 2.04. The stock's 50 day moving average is $69.63 and its two-hundred day moving average is $68.30. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of -3,521.69, a price-to-earnings-growth ratio of 5.88 and a beta of 1.15.

BXP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a $0.98 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.92 annualized dividend and a yield of 5.56%. BXP's payout ratio is -19,600.00%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BXP shares. Truist Financial decreased their price objective on BXP from $75.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Piper Sandler decreased their price objective on BXP from $100.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Morgan Stanley boosted their price objective on BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Scotiabank decreased their price objective on BXP from $83.00 to $81.00 and set a "sector perform" rating for the company in a report on Monday, July 14th. Finally, Mizuho decreased their price objective on BXP from $86.00 to $82.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.

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