BXP (NYSE:BXP) CEO Owen Thomas Sells 1,198 Shares

BXP, Inc. (NYSE:BXP) CEO Owen Thomas sold 1,198 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $61.22, for a total value of $73,341.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

BXP Stock Performance

NYSE:BXP opened at $61.47 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 4.50 and a current ratio of 5.36. The stock has a market capitalization of $9.74 billion, a PE ratio of 35.33, a P/E/G ratio of 2.51 and a beta of 1.01. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $79.33. The company has a fifty day moving average of $66.88 and a two-hundred day moving average of $69.78.

BXP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, December 31st were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a yield of 4.6%. BXP’s dividend payout ratio (DPR) is currently 160.92%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of BXP during the fourth quarter worth about $689,419,000. Cohen & Steers Inc. raised its stake in BXP by 41.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock valued at $1,038,176,000 after buying an additional 4,503,738 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in BXP by 32,286.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock worth $127,477,000 after buying an additional 1,883,282 shares during the last quarter. Invesco Ltd. grew its position in shares of BXP by 44.9% in the 3rd quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock worth $289,701,000 after acquiring an additional 1,207,607 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of BXP by 52.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock worth $206,893,000 after acquiring an additional 1,053,938 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BXP. Mizuho lowered their price target on BXP from $82.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. UBS Group dropped their price objective on shares of BXP from $74.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BXP in a report on Monday, December 29th. The Goldman Sachs Group set a $72.00 target price on BXP in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of BXP from $83.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $77.05.

About BXP

Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.