Boston Properties, Inc. (NYSE:BXP) EVP Hilary J. Spann Sells 12,379 Shares

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

Boston Properties Trading Down 1.0 %

Shares of NYSE BXP traded down $0.71 during midday trading on Wednesday, reaching $71.57. 243,010 shares of the stock were exchanged, compared to its average volume of 1,266,205. The stock has a 50 day moving average price of $75.31 and a 200-day moving average price of $76.83. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $11.32 billion, a P/E ratio of 715.51, a P/E/G ratio of 0.52 and a beta of 1.18. Boston Properties, Inc. has a 52-week low of $56.46 and a 52-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 (EPS) 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 research analysts expect that Boston Properties, Inc. will post 6.89 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend was Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is currently 3,920.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Truist Financial increased their price target on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Mizuho dropped their price target on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler reduced 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 report on Thursday, January 30th. StockNews.com lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group decreased their price objective on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.23.

Institutional Trading of Boston Properties

Hedge funds and other institutional investors have recently modified their holdings of the company. Whittier Trust Co. raised its position 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 acquiring an additional 12,018 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Boston Properties by 2.7% during 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. Sun Life Financial Inc. bought a new position in shares of Boston Properties during the 3rd quarter valued at $9,674,000. Raymond James & Associates lifted its stake in shares of Boston Properties by 11.9% in the 3rd quarter. Raymond James & Associates now owns 110,587 shares of the real estate investment trust’s stock valued at $8,898,000 after purchasing an additional 11,752 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Boston Properties by 1.7% in the fourth quarter. Van ECK Associates Corp now owns 70,444 shares of the real estate investment trust’s stock worth $5,238,000 after buying an additional 1,169 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

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.