Boston Properties, Inc. (BXP) Announces Quarterly Dividend of $0.65
Boston Properties (NYSE:BXP) declared a quarterly dividend on Thursday, June 19th, AnalystRatingsNetwork reports. Investors of record on Monday, June 30th will be given a dividend of 0.65 per share on Thursday, July 31st. This represents a $2.60 dividend on an annualized basis and a yield of 2.20%.
A number of research firms have recently commented on BXP. Analysts at Zacks reiterated a “neutral” rating on shares of Boston Properties in a research note on Thursday, June 12th. They now have a $123.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of Boston Properties from $118.00 to $119.00 in a research note on Friday, May 30th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Boston Properties in a research note on Friday, May 16th. They now have a $120.00 price target on the stock, down previously from $121.00. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Boston Properties currently has a consensus rating of “Buy” and a consensus price target of $111.14.
Boston Properties (NYSE:BXP) traded up 0.92% during mid-day trading on Thursday, hitting $118.03. The stock had a trading volume of 856,286 shares. Boston Properties has a 1-year low of $98.04 and a 1-year high of $122.40. The stock has a 50-day moving average of $118.7 and a 200-day moving average of $111.4. The company has a market cap of $18.063 billion and a price-to-earnings ratio of 23.92.
Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.24 by $0.04. Analysts expect that Boston Properties will post $5.28 EPS for the current fiscal year.
In other Boston Properties news, SVP Peter D. Johnston unloaded 4,386 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $116.65, for a total transaction of $511,626.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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