BXP (NYSE:BXP – Get Free Report) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $1.39, Zacks reports. BXP had a net margin of 8.44% and a return on equity of 3.88%. The firm had revenue of $911.43 million for the quarter, compared to analyst estimates of $892.51 million.
BXP Stock Down 2.0%
BXP stock traded down $1.24 during trading hours on Tuesday, hitting $61.02. 1,314,986 shares of the stock traded hands, compared to its average volume of 1,837,401. The firm’s 50-day moving average price is $63.74 and its two-hundred day moving average price is $62.26. 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. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 2.07. BXP has a one year low of $49.72 and a one year high of $74.94.
BXP Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.80 annualized dividend and a yield of 4.6%. BXP’s dividend payout ratio (DPR) is 150.54%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on BXP. LADENBURG THALM/SH SH lifted their price target on BXP from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. BMO Capital Markets reissued an “outperform” rating and set a $70.00 price target on shares of BXP in a research report on Sunday, October 11th. JPMorgan Chase & Co. raised their price target on shares of BXP from $79.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Mizuho boosted their price objective on shares of BXP from $62.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Finally, Barclays upped their price objective on shares of BXP from $65.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, BXP presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.
Check Out Our Latest Research Report on BXP
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.
See Also
- Five stocks we like better than BXP
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
Receive News & Ratings for BXP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BXP and related companies with MarketBeat.com's FREE daily email newsletter.
