Boston Properties, Inc. (NYSE:BXP) to Release Earnings on Wednesday
Boston Properties, Inc. (NYSE:BXP) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 26th. Analysts expect Boston Properties to post earnings of $0.75 per share for the quarter. Boston Properties has set its FY17 guidance at $6.15-6.23 EPS.
Boston Properties (NYSE:BXP) last issued its earnings results on Tuesday, April 25th. The real estate investment trust reported $1.48 EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by $0.02. Boston Properties had a net margin of 16.94% and a return on equity of 5.54%. The business had revenue of $632.23 million during the quarter, compared to analysts’ expectations of $637.34 million. During the same period in the prior year, the business posted $1.18 EPS. The business’s revenue was down 5.1% on a year-over-year basis. On average, analysts expect Boston Properties to post $2.71 EPS for the current fiscal year and $3.01 EPS for the next fiscal year.
Boston Properties, Inc. (BXP) opened at 119.14 on Wednesday. Boston Properties, Inc. has a 52 week low of $113.69 and a 52 week high of $144.02. The stock has a market cap of $18.33 billion, a P/E ratio of 43.96 and a beta of 0.65. The stock has a 50 day moving average of $123.14 and a 200-day moving average of $129.11.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, June 28th. Boston Properties’s dividend payout ratio is 111.11%.
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Several research firms have commented on BXP. Zacks Investment Research downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday. Jefferies Group LLC reissued a “hold” rating and issued a $121.00 target price on shares of Boston Properties in a research report on Friday, July 14th. Royal Bank Of Canada reissued a “buy” rating and issued a $150.00 target price on shares of Boston Properties in a research report on Wednesday, July 5th. BidaskClub raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Barclays PLC decreased their target price on shares of Boston Properties from $141.00 to $137.00 and set an “overweight” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. Boston Properties has an average rating of “Hold” and a consensus target price of $138.59.
About Boston Properties
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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