Boston Properties (NYSE:BXP) Posts Earnings Results, Misses Estimates By $1.21 EPS

Boston Properties (NYSE:BXP) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.21), Yahoo Finance reports. The company had revenue of $850.48 million for the quarter, compared to the consensus estimate of $819.49 million. Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.86 EPS.

Boston Properties Stock Performance

BXP traded down $0.72 during trading on Thursday, reaching $70.59. 612,075 shares of the company’s stock were exchanged, compared to its average volume of 1,332,928. The company’s fifty day simple moving average is $62.99 and its 200-day simple moving average is $63.61. The stock has a market capitalization of $11.09 billion, a P/E ratio of 58.45, a price-to-earnings-growth ratio of 0.48 and a beta of 1.18. The company has a debt-to-equity ratio of 1.91, a current ratio of 4.77 and a quick ratio of 4.77. Boston Properties has a 1 year low of $50.64 and a 1 year high of $73.97.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were issued a $0.98 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.92 annualized dividend and a yield of 5.55%. Boston Properties’s dividend payout ratio (DPR) is presently 321.31%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BXP. StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a report on Wednesday. Barclays decreased their price objective on Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. BMO Capital Markets dropped their target price on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price objective on shares of Boston Properties in a research note on Thursday, June 20th. Finally, Evercore ISI reduced their price objective on shares of Boston Properties from $73.00 to $69.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $69.60.

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.