Boston Properties, Inc. (NYSE:BXP) announced a quarterly dividend on Thursday, June 14th, RTT News reports. Stockholders of record on Friday, June 29th will be given a dividend of 0.80 per share by the real estate investment trust on Tuesday, July 31st. This represents a $3.20 annualized dividend and a dividend yield of 2.67%.

Boston Properties has raised its dividend payment by an average of 4.9% per year over the last three years. Boston Properties has a payout ratio of 51.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Boston Properties to earn $6.90 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 46.4%.

Shares of BXP stock traded up $0.09 during trading hours on Thursday, hitting $119.89. The company had a trading volume of 28,305 shares, compared to its average volume of 791,745. Boston Properties has a 12 month low of $111.57 and a 12 month high of $132.00. The firm has a market cap of $18.88 billion, a P/E ratio of 19.66, a P/E/G ratio of 3.25 and a beta of 0.57. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 1.29.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.50. Boston Properties had a return on equity of 6.81% and a net margin of 20.48%. The company had revenue of $661.20 million for the quarter, compared to analyst estimates of $648.23 million. During the same period in the prior year, the company posted $0.63 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. sell-side analysts forecast that Boston Properties will post 6.31 EPS for the current year.

In other news, insider Bryan J. Koop sold 10,560 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $124.27, for a total value of $1,312,291.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

A number of equities research analysts recently commented on the company. Citigroup decreased their price target on Boston Properties from $129.00 to $126.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 2nd. Jefferies Financial Group reaffirmed a “hold” rating on shares of Boston Properties in a report on Tuesday, February 27th. Evercore ISI raised Boston Properties from an “in-line” rating to an “outperform” rating in a report on Monday, March 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $133.00 price objective (down previously from $136.00) on shares of Boston Properties in a report on Tuesday, March 13th. Finally, Argus reaffirmed a “buy” rating and set a $138.00 price objective (down previously from $140.00) on shares of Boston Properties in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $131.54.

About Boston Properties

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including nine properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.

Dividend History for Boston Properties (NYSE:BXP)

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