Boston Properties (BXP) Scheduled to Post Earnings on Tuesday

Boston Properties (NYSE:BXP - Get Free Report) is scheduled 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. Investors interested in participating in the company's conference call can do so using this link.

Boston Properties (NYSE:BXP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($1.21). The company had revenue of $850.48 million for the quarter, compared to analyst estimates of $819.49 million. Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. Boston Properties's revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 EPS. 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 Price Performance

BXP traded down $0.11 during trading on Tuesday, reaching $86.82. The stock had a trading volume of 765,856 shares, compared to its average volume of 1,266,948. Boston Properties has a 1-year low of $50.64 and a 1-year high of $90.11. The firm has a market capitalization of $13.64 billion, a price-to-earnings ratio of 71.16, a price-to-earnings-growth ratio of 0.56 and a beta of 1.18. The stock has a 50 day moving average of $78.52 and a two-hundred day moving average of $68.44. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 1.90.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.92 annualized dividend and a yield of 4.52%. Boston Properties's dividend payout ratio is currently 321.31%.

Analyst Ratings Changes

Several brokerages have commented on BXP. Wedbush upped their price target on shares of Boston Properties from $63.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Piper Sandler increased their target price on shares of Boston Properties from $70.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, September 3rd. Evercore ISI lifted their price target on shares of Boston Properties from $77.00 to $84.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Wells Fargo & Company increased their price objective on Boston Properties from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Wednesday, September 11th. Finally, Scotiabank lifted their target price on Boston Properties from $76.00 to $82.00 and gave the stock a "sector outperform" rating in a report on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $75.45.

Insider Activity at Boston Properties

In other news, EVP Raymond A. Ritchey sold 21,835 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $74.25, for a total value of $1,621,248.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $73.44, for a total value of $351,410.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Raymond A. Ritchey sold 21,835 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $74.25, for a total value of $1,621,248.75. The disclosure for this sale can be found here. 1.35% of the stock is owned by insiders.

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.