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. The Company's portfolio totals 51.2 million square feet and 196 properties, including six properties under construction/redevelopment.
Boston Properties Price Performance
Shares of NYSE:BXP traded down $0.54 during midday trading on Tuesday, reaching $86.14. The company's stock had a trading volume of 773,726 shares, compared to its average volume of 981,140. The company has a debt-to-equity ratio of 1.71, a quick ratio of 4.73 and a current ratio of 4.35. Boston Properties has a fifty-two week low of $84.86 and a fifty-two week high of $133.11. The business's 50 day moving average price is $91.66 and its two-hundred day moving average price is $109.90. The company has a market cap of $13.50 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.01 and a beta of 1.11.
Boston Properties (NYSE:BXP - Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.64. Boston Properties had a net margin of 22.04% and a return on equity of 8.17%. During the same period in the prior year, the business earned $1.72 earnings per share. On average, analysts forecast that Boston Properties will post 7.5 EPS for the current fiscal year.
Boston Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, June 30th were given a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.55%. Boston Properties's payout ratio is 93.33%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on BXP shares. Deutsche Bank Aktiengesellschaft reduced their price target on Boston Properties from $139.00 to $104.00 in a report on Wednesday, July 20th. Credit Suisse Group started coverage on Boston Properties in a report on Wednesday, June 22nd. They set an "outperform" rating and a $108.00 price target for the company. UBS Group reduced their price target on Boston Properties from $131.00 to $98.00 and set a "neutral" rating for the company in a report on Thursday, July 28th. Jefferies Financial Group reduced their price target on Boston Properties from $112.00 to $88.00 and set a "hold" rating for the company in a report on Thursday, June 30th. Finally, StockNews.com upgraded Boston Properties from a "sell" rating to a "hold" rating in a report on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $105.54.