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 Up 2.2 %
Shares of BXP Stock traded up $1.96 during trading hours on Thursday, reaching $89.72. 1,684,965 shares of the stock were exchanged, compared to its average volume of 987,231. Boston Properties has a 12-month low of $84.86 and a 12-month high of $133.11. The company has a current ratio of 4.35, a quick ratio of 4.73 and a debt-to-equity ratio of 1.71. The company's 50-day moving average price is $91.25 and its 200-day moving average price is $109.75. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 2.00 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 EPS for the quarter, topping 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 quarter in the previous year, the firm posted $1.72 earnings per share. As a group, equities analysts anticipate that Boston Properties will post 7.5 earnings per share for the current year.
Boston Properties Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, June 30th were paid a dividend of $0.98 per share. The ex-dividend date was Wednesday, June 29th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.37%. Boston Properties's dividend payout ratio is presently 93.33%.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Sumitomo Mitsui Financial Group downgraded shares of Boston Properties from an "outperform" rating to a "neutral" rating and set a $93.00 price objective on the stock. in a research report on Thursday, August 4th. Truist Financial reduced their price target on shares of Boston Properties from $130.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, June 30th. StockNews.com upgraded shares of Boston Properties from a "sell" rating to a "hold" rating in a report on Friday, August 5th. UBS Group reduced their price target on shares of Boston Properties from $131.00 to $98.00 and set a "neutral" rating on the stock in a report on Thursday, July 28th. Finally, Wells Fargo & Company reduced their price target on shares of Boston Properties from $143.00 to $105.00 and set an "overweight" rating on the stock in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $105.54.