126.86 0.00 (0.00%)
After hours: 5:15PM EDT
|Bid||120.00 x 1200|
|Ask||127.99 x 900|
|Day's Range||125.11 - 127.24|
|52 Week Range||111.57 - 132.82|
|PE Ratio (TTM)||37.31|
|Earnings Date||Oct 30, 2018|
|Forward Dividend & Yield||3.20 (2.51%)|
|1y Target Est||135.79|
Boston Properties, Inc. (BXP) one of the largest developers, owners and managers of Class A office properties in the United States, announced that Company executives will participate in the Bank of America Merrill Lynch 2018 Global Real Estate Conference in New York City, September 25-26, 2018. Doug Linde, President of Boston Properties, will participate in a panel discussion “Is Co-working Different This Time?” on September 26th at 8:05 a.m. Eastern Time with executives from WeWork. Mr. Linde will also present in a roundtable discussion with Mike LaBelle, Boston Properties Chief Financial Officer, on September 26th at 1:25 p.m. Eastern Time to discuss Boston Properties’ recent developments and market trends.
New York-based coworking giant WeWork is expanding its D.C. presence yet again, with a deal that nearly doubles the company's space at the Metropolitan Square building overlooking the White House. The company currently occupies 117,000 square feet at its WeWork White House office in the 12-story property at 655 15th St. NW. WeWork recently signed a lease to expand with an additional 109,000 square at the building, said Sean Sullivan, senior project manager for Boston Properties (NYSE: BXP), which owns Metropolitan Square with Blackstone.
Boston Properties Inc. said Tuesday it will raise its quarterly dividend by 19% to 95 cents a share from 80 cents a share, which the real estate investment trust said was the biggest quarterly increase in its history. The new dividend will be payable Oct. 31 to shareholders of record on Sept. 28. Based on Monday's stock closing price of $127.01, the new annual dividend rate implies a yield of 2.99%, compared with the SPDR Real Estate Select Sector ETF yield of 3.12% and the implied yield for the S&P 500 of 1.87%, according to FactSet. Boston Properties stock has climbed 6.9% over the past three months, while the REIT ETF has advanced 7.3% and the S&P 500 has gained 4.2%.
Boston Properties, Inc. (BXP), one of the largest developers, owners and managers of Class A office properties in the United States, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.95 per share of common stock. This represents an increase of 18.75%, or $0.15 per share, over the most recent quarterly cash dividend of $0.80 per share, and an increase of more than 46% over the past three years. The dividend is payable on October 31, 2018 to shareholders of record as of the close of business on September 28, 2018.
It's been three months since Crystal Jade Jian Nan shuttered its cavernous 20,000-square-foot space in the Embarcadero Center, but already a new restaurant is stepping in to fill it. Signs recently went up for Harborview Restaurant & Bar which, according to nearby tenants, will be a new Chinese restaurant expected to open within the next month or two. Calls to Embarcadero Center landlord Boston Properties (NYSE: BXP) were not returned, and Colliers leasing agents were not authorized to speak about the incoming tenant.
Boston Properties, Inc. one of the largest public owners and developers of office buildings in the United States, announced today that Owen D. Thomas, Chief Executive Officer, will present at the Barclays Global Financial Services Conference in New York City on Wednesday, September 12, 2018.
Boston Properties (BXP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Boston Properties, Inc. (BXP), one of the largest public owners and developers of office buildings in the United States, announced today that Owen D. Thomas, Chief Executive Officer, will participate in the Evercore ISI 2018 Real Estate Conference in New York City on Wednesday, September 5, 2018. Mr. Thomas will participate in a panel discussion titled “Office – Will Demand Accelerate Enough To Absorb New Supply?” The panel discussion is scheduled to begin at approximately 9:15 a.m. Eastern Time on Wednesday, September 5, 2018, and will conclude approximately 50 minutes later. The Company’s participation in the conference will be webcast live in audio-only and available in the Investor Relations section of the Company’s website at www.bostonproperties.com under the heading “Events and Webcasts.” The panel discussion will be archived and available through Friday, October 5, 2018 in the Investor Relations section of the Company’s website.
The judgment follows another ruling from the same court that changed the flight path for another major federal agency in Northern Virginia.
The Metropolitan Transportation Authority has spent millions of dollars maintaining its empty former headquarters in Midtown Manhattan ever since a dispute between the city and state stalled a deal to lease the building two years ago, according to agency documents. The 20-story complex sits on a prime block of Madison Avenue, a stone’s throw from Grand Central Terminal. “It’s extremely frustrating,” said Tom Prendergast, who ran the MTA until early 2017.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting BXP. Over the last month, growth of ETFs holding BXP is favorable, with net inflows of $10.85 billion.
Boston Properties' (BXP) premium assets are likely to experience solid demand on economic recovery and job-market improvement. However, rise in supply of office space is likely to impede growth.
With a portfolio of assets concentrated in top markets, Boston Properties (BXP) enjoys continued revenue growth. However, near-term supply concerns might hinder this trend.
The county hopes to redevelop the 47-acre site as a logical extension to the town center, but the one proposal it received was rejected.
Real estate investment trusts — nationally, among the last holdouts amid corporate efforts to become environmentally friendly — are now helping their bottom lines by adopting energy-saving technology.
Before I go further, the shopworn myth I’m talking about is that REITs nosedive when interest rates rise. This “wisdom” is deceiving because it looks true: around the time the Fed raises rates or the yield on the benchmark 10-year Treasury takes off, REITs do take a hit. Because after plunging as low as 13% on the year in February, VNQ has surged, mainly on strong REIT earnings as the growing economy powers rent increases and demand for space.