Boston Properties, Inc. (NYSE:BXP) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $6.20-6.25 for the period, compared to the Thomson Reuters consensus estimate of $6.19. Boston Properties also updated its Q3 guidance to $1.52-1.54 EPS.
A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada lowered 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 report on Thursday. TheStreet raised shares of Boston Properties from a c rating to a b- rating in a report on Tuesday, August 1st. BidaskClub raised shares of Boston Properties from a strong sell rating to a sell rating in a report on Saturday, June 10th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and issued a $127.00 price target on shares of Boston Properties in a report on Thursday, June 22nd. Finally, Zacks Investment Research lowered shares of Boston Properties from a hold rating to a sell rating in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $134.73.
Boston Properties, Inc. (NYSE:BXP) traded down 1.02% during midday trading on Friday, hitting $119.83. 866,242 shares of the stock traded hands. The firm’s 50-day moving average is $121.09 and its 200-day moving average is $127.39. The company has a market cap of $18.49 billion, a price-to-earnings ratio of 40.62 and a beta of 0.64. Boston Properties, Inc. has a 52-week low of $113.69 and a 52-week high of $143.65.
Boston Properties (NYSE:BXP) last issued 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 analyst estimates of $645.96 million. Boston Properties had a net margin of 18.18% and a return on equity of 5.98%. Boston Properties’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 EPS. Analysts predict 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. Investors of record on Friday, June 30th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.00 annualized dividend and a yield of 2.50%. Boston Properties’s dividend payout ratio (DPR) is currently 102.04%.
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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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