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 Trading Down 0.1 %
NYSE:BXP opened at $86.59 on Monday. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.01 and a beta of 1.11. Boston Properties has a one year low of $84.86 and a one year high of $133.11. The company has a debt-to-equity ratio of 1.71, a current ratio of 4.35 and a quick ratio of 4.73. The business's fifty day moving average is $92.68 and its 200-day moving average is $110.31.
Boston Properties (NYSE:BXP - Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.64. Boston Properties had a return on equity of 8.17% and a net margin of 22.04%. During the same quarter in the previous year, the firm earned $1.72 EPS. Equities research analysts predict that Boston Properties will post 7.5 EPS for the current year.
Boston Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders 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 annualized dividend and a yield of 4.53%. Boston Properties's payout ratio is currently 93.33%.
Analysts Set New Price Targets
BXP has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price target on shares of Boston Properties from $143.00 to $105.00 and set an "overweight" rating for the company in a research note on Friday, July 1st. The Goldman Sachs Group reduced their price target on shares of Boston Properties from $120.00 to $112.00 and set a "sell" rating for the company in a report on Wednesday, May 25th. Morgan Stanley cut their price objective on shares of Boston Properties from $104.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Boston Properties from $139.00 to $104.00 in a research report on Wednesday, July 20th. Finally, Truist Financial dropped their price target on shares of Boston Properties from $130.00 to $105.00 and set a "hold" rating on the stock in a research report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $105.54.