BXP, Inc. to Issue Quarterly Dividend of $0.70 (NYSE:BXP)

BXP, Inc. (NYSE:BXP) announced a quarterly dividend on Wednesday, March 18th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.70 per share by the real estate investment trust on Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Tuesday, March 31st.

BXP has decreased its dividend payment by an average of 0.0%annually over the last three years. BXP has a payout ratio of 147.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect BXP to earn $7.27 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 38.5%.

BXP Stock Performance

Shares of BXP stock opened at $52.96 on Thursday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 5.36 and a current ratio of 5.36. BXP has a fifty-two week low of $49.72 and a fifty-two week high of $79.33. The company has a market capitalization of $8.40 billion, a P/E ratio of 30.44, a PEG ratio of 2.28 and a beta of 1.01. The stock has a 50 day moving average price of $61.16 and a two-hundred day moving average price of $68.16.

Analysts Set New Price Targets

BXP has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of BXP from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $79.00 target price on shares of BXP in a report on Thursday, January 29th. Barclays decreased their target price on BXP from $81.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Royal Bank Of Canada upgraded BXP to an “outperform” rating in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group set a $72.00 price target on BXP in a research report on Wednesday, February 4th. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, BXP presently has a consensus rating of “Hold” and a consensus target price of $75.00.

BXP Company Profile

Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.