BXP (NYSE:BXP) Issues Earnings Results

BXP (NYSE:BXP) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $1.39, Zacks reports. BXP had a return on equity of 3.88% and a net margin of 8.44%. The company had revenue of $911.43 million for the quarter, compared to the consensus estimate of $892.51 million.

BXP Stock Down 2.0%

Shares of BXP stock traded down $1.24 on Tuesday, hitting $61.02. 1,314,986 shares of the company traded hands, compared to its average volume of 1,837,401. The company has a 50-day moving average price of $63.74 and a 200 day moving average price of $62.26. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 2.07. BXP has a 12-month low of $49.72 and a 12-month high of $74.94. The company has a market cap of $9.74 billion, a PE ratio of 32.81, a PEG ratio of 2.10 and a beta of 1.03.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.6%. BXP’s dividend payout ratio (DPR) is 150.54%.

Wall Street Analyst Weigh In

BXP has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of BXP from $77.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. BMO Capital Markets restated an “outperform” rating and issued a $70.00 price target on shares of BXP in a research report on Sunday, October 11th. JPMorgan Chase & Co. raised their price objective on shares of BXP from $79.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. Mizuho lifted their price objective on shares of BXP from $62.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Finally, LADENBURG THALM/SH SH lifted their price objective on shares of BXP from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BXP presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

About BXP

BXP, Inc (NYSE:BXP), formerly known as Boston Properties, Inc, is a self-administered and self-managed real estate investment trust that develops, owns, manages and operates primarily office properties in the United States. The company focuses on high-quality commercial real estate in major gateway markets.

BXP’s portfolio includes office buildings, mixed-use properties and life science facilities. Its activities span property acquisition, development, redevelopment, leasing and ongoing management.