Boston Properties (NYSE:BXP) Posts Quarterly Earnings Results, Misses Estimates By $1.21 EPS

Boston Properties (NYSE:BXP) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.21), Yahoo Finance reports. Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. The business had revenue of $850.48 million during the quarter, compared to the consensus estimate of $819.49 million. During the same quarter last year, the business earned $1.86 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year.

Boston Properties Stock Down 1.4 %

Shares of NYSE:BXP traded down $1.02 during mid-day trading on Thursday, hitting $70.29. 1,477,991 shares of the company traded hands, compared to its average volume of 1,338,818. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 1.91. The stock has a market cap of $11.04 billion, a P/E ratio of 58.45, a P/E/G ratio of 0.48 and a beta of 1.18. The stock has a 50-day moving average price of $62.99 and a two-hundred day moving average price of $63.61. Boston Properties has a 12-month low of $50.64 and a 12-month high of $73.97.

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were issued a $0.98 dividend. The ex-dividend date was Friday, June 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.58%. Boston Properties’s dividend payout ratio is presently 321.31%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BXP shares. Barclays decreased their price target on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. StockNews.com downgraded Boston Properties from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley restated an “equal weight” rating and set a $62.00 target price on shares of Boston Properties in a research report on Thursday, June 20th. BMO Capital Markets lowered their target price on Boston Properties from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Finally, Wedbush cut their price target on Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.60.

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.