Boston Properties (NYSE:BXP) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.590-1.610 for the period. The company issued revenue guidance of -.
Shares of BXP stock opened at $108.08 on Tuesday. The firm's 50 day moving average is $105.56 and its 200-day moving average is $96.11. Boston Properties has a 1 year low of $69.69 and a 1 year high of $110.36. The firm has a market capitalization of $16.87 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 6.54 and a beta of 1.24. The company has a current ratio of 7.03, a quick ratio of 7.03 and a debt-to-equity ratio of 1.60.
Boston Properties (NYSE:BXP) last released its quarterly earnings results on Monday, April 26th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. Boston Properties had a net margin of 35.17% and a return on equity of 12.31%. The business had revenue of $713.70 million for the quarter, compared to analyst estimates of $679.79 million. During the same period last year, the firm earned $3.20 earnings per share. Boston Properties's revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities research analysts forecast that Boston Properties will post 6.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Wednesday, March 31st were given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Tuesday, March 30th. Boston Properties's dividend payout ratio (DPR) is 55.92%.
Several research firms recently commented on BXP. Truist downgraded Boston Properties from a buy rating to a hold rating and set a $109.00 price objective for the company. in a report on Monday, March 15th. Truist Securities reissued a hold rating and set a $109.00 target price on shares of Boston Properties in a research report on Monday, March 22nd. Mizuho upped their price objective on Boston Properties from $86.00 to $107.00 and gave the company a neutral rating in a research report on Tuesday, April 20th. Deutsche Bank Aktiengesellschaft upped their target price on Boston Properties from $103.00 to $107.00 and gave the stock a hold rating in a report on Monday, April 26th. Finally, TheStreet cut Boston Properties from a b- rating to a c+ rating in a research note on Wednesday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $102.40.
In related news, EVP Raymond A. Ritchey sold 5,000 shares of the company's stock in a transaction that occurred on Monday, April 26th. The stock was sold at an average price of $106.32, for a total value of $531,600.00. Following the sale, the executive vice president now owns 50,000 shares in the company, valued at approximately $5,316,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company's stock.
About Boston Properties
Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.
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