Boston Properties, Inc. (NYSE:BXP) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.52-1.54 for the period, compared to the Thomson Reuters consensus estimate of $1.55. Boston Properties also updated its FY17 guidance to $6.20-6.25 EPS.
Several equities research analysts have commented on the stock. Royal Bank Of Canada cut shares of Boston Properties from a top pick rating to an outperform rating and cut their price target for the stock from $150.00 to $140.00 in a research report on Thursday. BidaskClub cut shares of Boston Properties from a hold rating to a sell rating in a research report on Monday, July 24th. Barclays PLC cut their price target on shares of Boston Properties from $141.00 to $137.00 and set an overweight rating on the stock in a research report on Tuesday, July 18th. Zacks Investment Research cut shares of Boston Properties from a hold rating to a sell rating in a research report on Tuesday, July 18th. Finally, TheStreet cut shares of Boston Properties from a b- rating to a c rating in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $134.73.
Boston Properties, Inc. (NYSE:BXP) traded down 1.02% on Friday, reaching $119.83. 866,242 shares of the company’s stock traded hands. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 40.62 and a beta of 0.64. The company’s 50 day moving average is $121.09 and its 200-day moving average is $127.39. Boston Properties, Inc. has a 52-week low of $113.69 and a 52-week high of $143.65.
Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.05. The firm had revenue of $656.90 million for 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 company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 earnings per share. Equities analysts expect that Boston Properties, Inc. will post $2.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, June 28th. Boston Properties’s payout ratio is currently 102.04%.
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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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