Boston Properties (NYSE:BXP) announced a quarterly dividend on Thursday, March 15th, RTT News reports. Shareholders of record on Thursday, March 29th will be given a dividend of 0.80 per share by the real estate investment trust on Monday, April 30th. This represents a $3.20 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Wednesday, March 28th.
Boston Properties has raised its dividend payment by an average of 4.9% per year over the last three years. Boston Properties has a payout ratio of 51.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Boston Properties to earn $6.94 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 46.1%.
Boston Properties stock opened at $120.96 on Friday. The firm has a market capitalization of $18,971.42, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 3.35 and a beta of 0.58. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.92. Boston Properties has a 52 week low of $111.57 and a 52 week high of $137.35.
Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.02. The company had revenue of $655.23 million during the quarter, compared to analyst estimates of $654.36 million. Boston Properties had a return on equity of 5.86% and a net margin of 17.67%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. research analysts predict that Boston Properties will post 6.32 EPS for the current year.
A number of research firms have recently issued reports on BXP. JPMorgan Chase reiterated a “neutral” rating and issued a $133.00 target price (down previously from $136.00) on shares of Boston Properties in a research note on Tuesday, March 13th. Jefferies Group reiterated a “hold” rating on shares of Boston Properties in a research note on Tuesday, February 27th. Evercore ISI raised Boston Properties from an “in-line” rating to an “outperform” rating in a report on Monday, March 5th. BMO Capital Markets set a $130.00 price target on Boston Properties and gave the company a “hold” rating in a report on Monday, February 12th. Finally, Edward Jones raised Boston Properties from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Boston Properties currently has an average rating of “Hold” and an average price target of $132.00.
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About Boston Properties
Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including eight properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.
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