Boston Properties (BXP) to Release Quarterly Earnings on Tuesday

Boston Properties (NYSE:BXP - Get Free Report) is set to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.73 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Boston Properties (NYSE:BXP - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $1.81 by ($1.05). Boston Properties had a net margin of 5.81% and a return on equity of 2.32%. The company had revenue of $828.90 million for the quarter, compared to analyst estimates of $811.59 million. During the same period in the prior year, the company earned $1.86 EPS. The company's revenue was up 3.8% compared to the same quarter last year. On average, analysts expect Boston Properties to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Boston Properties Trading Up 2.6 %

Shares of NYSE BXP traded up $1.59 on Tuesday, reaching $62.93. 1,600,153 shares of the company traded hands, compared to its average volume of 1,446,123. Boston Properties has a fifty-two week low of $46.80 and a fifty-two week high of $73.97. The company has a 50 day moving average of $63.33 and a 200 day moving average of $62.83. The company has a current ratio of 5.40, a quick ratio of 5.40 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $9.88 billion, a PE ratio of 52.01 and a beta of 1.15.

Boston Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date is Wednesday, March 27th. Boston Properties's payout ratio is currently 323.97%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BXP. Barclays decreased their price target on Boston Properties from $67.00 to $66.00 and set an "equal weight" rating for the company in a report on Wednesday, March 27th. Jefferies Financial Group raised Boston Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $57.00 to $80.00 in a research report on Tuesday, January 2nd. BMO Capital Markets dropped their price target on Boston Properties from $80.00 to $78.00 and set an "outperform" rating on the stock in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Boston Properties in a research report on Tuesday, January 30th. They issued a "hold" rating and a $74.00 target price on the stock. Finally, Truist Financial dropped their target price on Boston Properties from $77.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Boston Properties presently has an average rating of "Hold" and a consensus target price of $69.44.

Insider Buying and Selling

In related news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total transaction of $889,186.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.35% of the stock is owned by corporate insiders.

Boston Properties Company Profile

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.