Boston Properties (BXP) Set to Announce Quarterly Earnings on Tuesday

Boston Properties (NYSE:BXP) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.73 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Boston Properties (NYSE:BXP) last announced its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($1.05). Boston Properties had a net margin of 5.81% and a return on equity of 2.32%. The company had revenue of $828.90 million during the quarter, compared to analysts’ expectations of $811.59 million. During the same quarter last year, the business posted $1.86 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts expect Boston Properties to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Boston Properties Trading Up 1.9 %

Shares of BXP stock opened at $61.34 on Tuesday. The business’s 50 day moving average is $63.33 and its two-hundred day moving average is $62.76. Boston Properties has a twelve month low of $46.80 and a twelve month high of $73.97. The company has a market capitalization of $9.63 billion, a P/E ratio of 50.69 and a beta of 1.15. The company has a current ratio of 5.40, a quick ratio of 5.40 and a debt-to-equity ratio of 1.99.

Boston Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a $0.98 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $3.92 annualized dividend and a dividend yield of 6.39%. Boston Properties’s dividend payout ratio (DPR) is currently 323.97%.

Insider Buying and Selling

In related news, EVP Raymond A. Ritchey sold 14,150 shares of Boston Properties stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $62.84, for a total transaction of $889,186.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.35% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on BXP shares. StockNews.com upgraded Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Deutsche Bank Aktiengesellschaft started coverage on Boston Properties in a research note on Tuesday, January 30th. They issued a “hold” rating and a $74.00 target price on the stock. Jefferies Financial Group raised Boston Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $57.00 to $80.00 in a report on Tuesday, January 2nd. BMO Capital Markets reduced their price target 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, Truist Financial reduced their price target on Boston Properties from $77.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $69.44.

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.