BXP (NYSE:BXP) Issues Quarterly Earnings Results

Key Points

• BXP missed EPS estimates: The REIT reported $0.64 EPS versus $1.58 expected (prior-year $1.64), though revenue beat at $872.15M versus $845.13M, up 0.8% year-over-year.
• Dividend and payout concern: BXP declared a $0.70 quarterly dividend (annualized $2.80, yield 4.7%), but the payout ratio is very high at 160.92%, casting doubt on sustainability.
• Analyst sentiment remains cautious: Multiple firms trimmed price targets and ratings, MarketBeat shows a consensus "Hold" with a $73.60 target, while the stock rose about 2.1% on the news.

BXP (NYSE:BXP - Get Free Report) released its earnings results on Tuesday. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $1.58 by ($0.94), Zacks reports. BXP had a return on equity of 3.59% and a net margin of 7.95%.The company had revenue of $872.15 million during the quarter, compared to analysts' expectations of $845.13 million. During the same period in the prior year, the company posted $1.64 earnings per share. The company's revenue was up .8% on a year-over-year basis. BXP updated its Q2 2026 guidance to 1.690-1.710 EPS.

BXP Stock Up 2.1%

NYSE:BXP opened at $59.22 on Wednesday. The company has a debt-to-equity ratio of 2.21, a current ratio of 5.36 and a quick ratio of 5.36. BXP has a 1-year low of $49.72 and a 1-year high of $79.33. The company has a 50-day moving average of $55.12 and a 200 day moving average of $63.88. The firm has a market cap of $9.40 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 2.47 and a beta of 1.03.

BXP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 4.7%. BXP's payout ratio is 160.92%.

Analyst Ratings Changes

BXP has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of BXP from $82.00 to $79.00 and set an "overweight" rating for the company in a research note on Wednesday, April 1st. Scotiabank lowered their price objective on BXP from $74.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Monday, March 2nd. Truist Financial decreased their price target on BXP from $74.00 to $70.00 and set a "hold" rating for the company in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $70.00 price objective on shares of BXP in a research report on Tuesday, January 6th. Finally, Citigroup cut their price target on BXP from $68.00 to $58.00 and set a "neutral" rating for the company in a research note on Wednesday, April 15th. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, BXP has an average rating of "Hold" and a consensus target price of $73.60.

Insider Activity

In other BXP news, EVP Hilary J. Spann sold 5,495 shares of the firm's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $59.69, for a total value of $327,996.55. Following the completion of the sale, the executive vice president directly owned 17,832 shares in the company, valued at $1,064,392.08. This trade represents a 23.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Owen D. Thomas sold 1,198 shares of the firm's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $61.22, for a total transaction of $73,341.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,887 shares of company stock worth $476,930 in the last quarter. 1.50% of the stock is owned by insiders.

Institutional Trading of BXP

A number of hedge funds have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc purchased a new position in shares of BXP during the 2nd quarter valued at approximately $29,000. State of Wyoming increased its holdings in shares of BXP by 45.5% during the 4th quarter. State of Wyoming now owns 617 shares of the real estate investment trust's stock worth $42,000 after buying an additional 193 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of BXP during the 4th quarter worth about $48,000. BOKF NA lifted its holdings in shares of BXP by 2,097.0% in the 3rd quarter. BOKF NA now owns 725 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 692 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in BXP in the 3rd quarter valued at approximately $68,000. 98.72% of the stock is owned by hedge funds and other institutional investors.

About BXP

Boston Properties, Inc NYSE: BXP is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company's portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.