Boston Properties (BXP) Scheduled to Post Earnings on Tuesday

Boston Properties (NYSE:BXP) is set to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Boston Properties to post earnings of $1.81 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($1.21). Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The company had revenue of $850.48 million for the quarter, compared to analyst estimates of $819.49 million. During the same quarter in the prior year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. 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 Down 0.7 %

Shares of Boston Properties stock opened at $86.99 on Monday. The company has a debt-to-equity ratio of 1.90, a current ratio of 4.83 and a quick ratio of 4.83. Boston Properties has a 1 year low of $50.64 and a 1 year high of $90.11. The company has a market capitalization of $13.66 billion, a P/E ratio of 71.30, a P/E/G ratio of 0.56 and a beta of 1.18. The business has a 50 day moving average price of $79.59 and a 200 day moving average price of $68.95.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.98 per share. The ex-dividend date is Monday, September 30th. This represents a $3.92 annualized dividend and a dividend yield of 4.51%. Boston Properties’s dividend payout ratio is currently 321.31%.

Insider Activity

In other news, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Peter V. Otteni sold 4,785 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raymond A. Ritchey sold 21,835 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $74.25, for a total transaction of $1,621,248.75. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

BXP has been the subject of several research reports. Truist Financial lifted their price objective on Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Evercore ISI lifted their target price on shares of Boston Properties from $77.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Piper Sandler raised shares of Boston Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $78.00 to $105.00 in a research note on Wednesday, October 23rd. Scotiabank lifted their target price on shares of Boston Properties from $82.00 to $91.00 and gave the stock a “sector outperform” rating in a research note on Friday. Finally, StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.73.

About Boston Properties

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.