DexCom earnings beat by $0.03, revenue topped estimates
Boston Properties Inc. (NYSE:BXP) shares have touched a 52-week low, dipping to $56.44, with the stock currently trading at $60.13, still well below its 52-week high of $90.11. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment. The company, which specializes in the ownership and development of office properties, has seen its stock price fluctuate amidst a broader market trend that has impacted the real estate sector. With a market capitalization of $9.5 billion and a notable dividend yield of 6.49%, Boston Properties maintains a FAIR overall financial health score according to InvestingPro metrics. The company posted revenue growth of 4.45% in the last twelve months, with a beta of 1.08 indicating slightly higher volatility than the market. Despite the current challenges, the company remains focused on its strategic growth initiatives and maintaining its portfolio of high-quality assets. For deeper insights into BXP's valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Boston Properties (BXP) reported its fourth-quarter earnings for 2024, which revealed an earnings per share (EPS) of -$1.45, significantly missing the expected $0.48. However, the company's revenue exceeded projections, reaching $858.6 million compared to the forecasted $836.85 million. The company also announced a joint venture to develop a residential project in Jersey City, New Jersey, with partners CrossHarbor Capital and the Albanese Organization, comprising 670 market-rate units. In financial moves, BXP extended its unsecured revolving credit facility's maturity date to March 2030 and increased its borrowing capacity to $2.25 billion. Jefferies initiated coverage on Boston Properties with a Buy rating and a $78 price target, citing potential occupancy gains due to a stable lease expiration profile. Meanwhile, KeyBanc maintained a Sector Weight rating, anticipating a decline in occupancy rates through the first half of 2025 but expecting stabilization as new leasing activity increases. These developments underscore Boston Properties' strategic financial and operational adjustments amid a challenging market environment.
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