Boston Properties (NYSE:BXP) released its earnings results on Tuesday. The real estate investment trust reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.92, RTT News reports. Boston Properties had a return on equity of 6.71% and a net margin of 20.23%. The firm had revenue of $686.28 million during the quarter, compared to the consensus estimate of $674.30 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. Boston Properties updated its Q4 guidance to $1.68-1.70 EPS and its FY19 guidance to $6.75 – $6.92 EPS.
Shares of BXP stock opened at $116.98 on Wednesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.02 and a quick ratio of 4.02. The company has a market cap of $17.74 billion, a P/E ratio of 19.09, a P/E/G ratio of 3.07 and a beta of 0.55. Boston Properties has a twelve month low of $111.57 and a twelve month high of $132.82.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, September 28th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.74%. The ex-dividend date is Thursday, September 27th.
About Boston Properties
Boston Properties is a fully integrated real estate company, organized as a real estate investment trust, that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.2 million square feet and consisting of 166 office properties (including nine properties under construction), six residential properties (including three properties under construction), five retail properties and one hotel.
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