Boston Properties, Inc. (BXP) To Go Ex-Dividend on December 31st

Boston Properties, Inc. (NYSE:BXP) declared a quarterly dividend on Wednesday, December 18th,RTT News reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.98 per share by the real estate investment trust on Thursday, January 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Tuesday, December 31st.

Boston Properties has a payout ratio of 200.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Boston Properties to earn $7.12 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 55.1%.

Boston Properties Price Performance

NYSE:BXP opened at $73.33 on Friday. The stock’s 50-day simple moving average is $82.06 and its 200 day simple moving average is $74.20. Boston Properties has a 52-week low of $56.46 and a 52-week high of $90.11. The company has a debt-to-equity ratio of 2.01, a quick ratio of 5.51 and a current ratio of 5.51. The company has a market cap of $11.59 billion, a P/E ratio of 31.74, a P/E/G ratio of 0.55 and a beta of 1.17.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $1.81 by ($1.28). Boston Properties had a return on equity of 4.40% and a net margin of 10.75%. The company had revenue of $859.23 million for the quarter, compared to the consensus estimate of $829.91 million. During the same period in the previous year, the firm posted $1.86 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts forecast that Boston Properties will post 7.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on BXP shares. Barclays upped their target price on Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Compass Point upgraded Boston Properties from a “neutral” rating to a “buy” rating and increased their price target for the stock from $80.00 to $88.00 in a report on Thursday, November 14th. Wells Fargo & Company increased their target price on shares of Boston Properties from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. StockNews.com downgraded shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Finally, Truist Financial increased their price objective on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $81.38.

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.