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

Key Points

• BXP declared a quarterly dividend of $0.70 per share, payable October 30 to shareholders of record September 30. The annualized dividend is $2.80, representing a 4.4% yield.
• BXP’s current payout ratio is elevated at 147.4%, meaning earnings do not fully cover the dividend; however, analysts expect earnings of $7.18 per share next year, implying a projected payout ratio of 39.0%.
• The REIT reported quarterly EPS of $0.43, beating estimates of $0.40, while revenue rose 3.1% year over year to $895.7 million. Institutional investors own approximately 98.72% of BXP’s shares.

BXP, Inc. (NYSE:BXP - Get Free Report) announced a quarterly dividend on Wednesday, September 16th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.70 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Wednesday, September 30th.

BXP has decreased its dividend by an average of 0.0%annually over the last three years. BXP has a payout ratio of 147.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect BXP to earn $7.18 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 39.0%.

BXP Stock Up 0.3%

BXP stock opened at $64.05 on Thursday. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.91 and a quick ratio of 3.91. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 2.39 and a beta of 1.01. BXP has a 1-year low of $49.72 and a 1-year high of $79.33. The business has a fifty day moving average price of $68.14 and a 200-day moving average price of $62.09.

BXP (NYSE:BXP - Get Free Report) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. BXP had a return on equity of 3.88% and a net margin of 8.44%.The firm had revenue of $895.70 million for the quarter, compared to the consensus estimate of $858.07 million. During the same period in the previous year, the business earned $1.71 EPS. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. Equities research analysts forecast that BXP will post 7.02 EPS for the current fiscal year.

Institutional Investors Weigh In On BXP

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in BXP during the 2nd quarter worth approximately $1,192,349,000. Cohen & Steers Inc. increased its stake in shares of BXP by 41.4% in the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust's stock worth $1,038,176,000 after acquiring an additional 4,503,738 shares during the period. Norges Bank purchased a new position in shares of BXP during the fourth quarter worth $689,419,000. Geode Capital Management LLC raised its holdings in shares of BXP by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,270,027 shares of the real estate investment trust's stock worth $287,121,000 after purchasing an additional 55,621 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in BXP by 52.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust's stock valued at $206,893,000 after purchasing an additional 1,053,938 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

BXP Company Profile

BXP, Inc NYSE: BXP, formerly known as Boston Properties, is a publicly traded real estate investment trust that owns, develops, redevelops, and manages commercial properties. The company's portfolio is primarily focused on office buildings, with additional investments in residential, retail, and life sciences properties.

BXP serves major U.S. metropolitan markets, including Boston, Los Angeles, New York, San Francisco, and Washington, DC Its properties are generally located in established business districts and are designed to accommodate corporate offices, research and development activities, retail operations, and residential tenants.

Founded in 1970, the company has grown into one of the largest owners and developers of office properties in the United States.

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