Boston Properties (NYSE:BXP) released its quarterly earnings data on Tuesday. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.03), MarketWatch Earnings reports. The company had revenue of $654.10 million during the quarter, compared to analysts’ expectations of $723.59 million. Boston Properties had a net margin of 35.18% and a return on equity of 12.72%. Boston Properties’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period last year, the firm earned $1.78 earnings per share.

Shares of NYSE BXP traded down $0.48 during trading hours on Friday, hitting $87.79. 613,081 shares of the stock were exchanged, compared to its average volume of 1,292,175. The company has a quick ratio of 5.59, a current ratio of 7.67 and a debt-to-equity ratio of 1.56. The company has a market cap of $13.64 billion, a PE ratio of 13.45, a PEG ratio of 2.59 and a beta of 1.04. The firm has a fifty day moving average price of $91.49 and a 200-day moving average price of $106.07. Boston Properties has a 12 month low of $71.57 and a 12 month high of $147.83.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a dividend of $0.98 per share. The ex-dividend date is Monday, June 29th. This represents a $3.92 annualized dividend and a dividend yield of 4.47%. Boston Properties’s dividend payout ratio (DPR) is presently 55.92%.

BXP has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Boston Properties from $147.00 to $118.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. Stifel Nicolaus lowered their price objective on shares of Boston Properties from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Morgan Stanley lowered their price objective on shares of Boston Properties from $130.00 to $91.00 and set an “equal weight” rating for the company in a research report on Thursday, May 28th. Jefferies Financial Group cut shares of Boston Properties from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a research report on Thursday, April 16th. Finally, Citigroup reduced their price target on shares of Boston Properties from $146.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $118.38.

In related news, Director Bruce W. Duncan purchased 11,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were acquired at an average price of $89.14 per share, for a total transaction of $980,540.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bryan J. Koop purchased 2,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were bought at an average price of $78.00 per share, for a total transaction of $156,000.00. Following the purchase, the executive vice president now directly owns 2,585 shares in the company, valued at approximately $201,630. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 18,000 shares of company stock valued at $1,513,890. 0.98% of the stock is currently owned by company insiders.

Boston Properties Company Profile

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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Earnings History for Boston Properties (NYSE:BXP)

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