Boston Properties (NYSE:BXP) Posts Quarterly Earnings Results, Beats Expectations By $1.28 EPS

Boston Properties (NYSE:BXP) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $1.28, Zacks reports. Boston Properties had a net margin of 10.75% and a return on equity of 4.40%. Boston Properties updated its FY 2025 guidance to 6.770-6.950 EPS and its Q1 2025 guidance to 1.630-1.650 EPS.

Boston Properties Trading Down 2.1 %

NYSE:BXP traded down $1.60 during trading hours on Tuesday, hitting $72.99. 1,533,437 shares of the company were exchanged, compared to its average volume of 1,203,720. The company has a fifty day simple moving average of $76.40 and a 200 day simple moving average of $76.67. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. Boston Properties has a one year low of $56.46 and a one year high of $90.11.

Boston Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date is Tuesday, December 31st. Boston Properties’s payout ratio is 169.70%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group raised their price target on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Compass Point raised shares of Boston Properties from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $88.00 in a report on Thursday, November 14th. Mizuho reduced their target price on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Truist Financial raised their price target on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Boston Properties currently has a consensus rating of “Hold” and a consensus price target of $82.00.

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.