Boston Properties, Inc. (NYSE:BXP) EVP Sells $891,535.58 in Stock

Boston Properties, Inc. (NYSE:BXP) EVP Hilary J. Spann sold 12,379 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction of $891,535.58. Following the sale, the executive vice president now owns 7,271 shares of the company’s stock, valued at approximately $523,657.42. The trade was a 63.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Boston Properties Price Performance

Shares of NYSE BXP opened at $72.77 on Friday. The firm’s 50-day simple moving average is $74.90 and its 200 day simple moving average is $76.77. The stock has a market cap of $11.51 billion, a P/E ratio of 727.76, a P/E/G ratio of 0.52 and a beta of 1.18. The company has a quick ratio of 5.51, a current ratio of 5.69 and a debt-to-equity ratio of 2.09. Boston Properties, Inc. has a fifty-two week low of $56.46 and a fifty-two week high of $90.11.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. Equities analysts expect that Boston Properties, Inc. will post 6.89 EPS for the current year.

Boston Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date was Tuesday, December 31st. Boston Properties’s payout ratio is currently 3,920.39%.

Institutional Trading of Boston Properties

Hedge funds and other institutional investors have recently modified their holdings of the company. Harvest Fund Management Co. Ltd boosted its stake in Boston Properties by 5,025.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 603 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Boston Properties in the 3rd quarter valued at about $58,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Boston Properties by 61.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 547 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of Boston Properties during the 2nd quarter valued at about $116,000. Finally, Sound Income Strategies LLC grew its stake in shares of Boston Properties by 34.4% in the 3rd quarter. Sound Income Strategies LLC now owns 3,210 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 821 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

BXP has been the subject of several research reports. StockNews.com lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Jefferies Financial Group decreased their target price on Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Mizuho dropped their price target on Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Barclays boosted their price objective on Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Finally, Truist Financial increased their target price on Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $82.23.

Boston Properties Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.