Boston Properties, Inc. (BXP) Scheduled to Post Quarterly Earnings on Wednesday
Boston Properties, Inc. (NYSE:BXP) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.69 per share for the quarter.
Boston Properties (NYSE:BXP) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.05. The company had revenue of $656.90 million during the quarter, compared to analysts’ expectations of $645.96 million. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. On average, analysts expect Boston Properties to post $6.24 EPS for the current fiscal year and $6.41 EPS for the next fiscal year.
Boston Properties, Inc. (NYSE BXP) opened at 121.42 on Wednesday. The firm’s 50-day moving average is $123.39 and its 200-day moving average is $123.61. The firm has a market capitalization of $18.74 billion, a PE ratio of 41.16 and a beta of 0.65. Boston Properties, Inc. has a 52-week low of $113.69 and a 52-week high of $140.13.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.00 annualized dividend and a dividend yield of 2.47%. Boston Properties’s payout ratio is currently 102.04%.
Several brokerages have commented on BXP. Jefferies Group LLC restated a “hold” rating and set a $124.00 target price on shares of Boston Properties in a research report on Tuesday. BidaskClub lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Royal Bank Of Canada restated a “buy” rating and set a $150.00 target price on shares of Boston Properties in a research report on Wednesday, July 5th. TheStreet upgraded shares of Boston Properties from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $133.18.
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Boston Properties Company Profile
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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