Boston Properties (NYSE:BXP) is scheduled to be posting its quarterly earnings results after the market closes on Monday, April 23rd. Analysts expect Boston Properties to post earnings of $0.63 per share for the quarter. Boston Properties has set its Q1 guidance at $1.47-1.49 EPS and its FY18 guidance at $6.23-6.36 EPS.
Boston Properties (NYSE:BXP) last posted its 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. Boston Properties had a net margin of 17.67% and a return on equity of 5.86%. The firm had revenue of $655.23 million for the quarter, compared to analysts’ expectations of $654.36 million. During the same quarter last year, the firm earned $0.94 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts expect Boston Properties to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Boston Properties stock opened at $119.90 on Monday. Boston Properties has a 52 week low of $111.57 and a 52 week high of $137.13. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.92. The company has a market cap of $18,340.18, a price-to-earnings ratio of 19.14, a PEG ratio of 3.23 and a beta of 0.58.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $3.20 annualized dividend and a dividend yield of 2.67%.
Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BMO Capital Markets cut shares of Boston Properties from an “outperform” rating to a “market perform” rating and set a $134.00 target price on the stock. in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Robert W. Baird reissued a “hold” rating and set a $125.00 target price on shares of Boston Properties in a research report on Tuesday, January 9th. JPMorgan Chase reissued a “neutral” rating and set a $133.00 target price (down previously from $136.00) on shares of Boston Properties in a research report on Tuesday, March 13th. Finally, SunTrust Banks set a $127.00 target price on shares of Boston Properties and gave the stock a “hold” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Boston Properties currently has a consensus rating of “Hold” and an average target price of $132.00.
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Boston Properties Company Profile
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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