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 stock was sold at an average price of $72.02, for a total value of $891,535.58. Following the sale, the executive vice president now directly owns 7,271 shares in the company, valued at $523,657.42. This trade represents a 63.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Boston Properties Stock Performance

Shares of NYSE BXP opened at $72.77 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51. Boston Properties, Inc. has a one year low of $56.46 and a one year high of $90.11. The business’s 50-day moving average price is $74.90 and its two-hundred day moving average price is $76.77. The company has a market capitalization of $11.51 billion, a P/E ratio of 727.76, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18.

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

Boston Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BXP shares. StockNews.com cut Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Barclays boosted their price target on shares of Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Piper Sandler decreased their price objective on shares of Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Jefferies Financial Group lowered their price objective on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, Truist Financial increased their target price on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $82.23.

Institutional Investors Weigh In On Boston Properties

Institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. raised its holdings in Boston Properties by 4.2% during the third quarter. Whittier Trust Co. now owns 296,354 shares of the real estate investment trust’s stock valued at $23,844,000 after buying an additional 12,018 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Boston Properties by 12.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock valued at $12,679,000 after acquiring an additional 18,900 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Boston Properties by 198.9% in the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock valued at $11,091,000 after acquiring an additional 99,248 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Boston Properties by 2.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 133,871 shares of the real estate investment trust’s stock worth $10,771,000 after purchasing an additional 3,502 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Boston Properties during the fourth quarter worth approximately $8,994,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.