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

Boston Properties, Inc. (NYSE:BXP) EVP Hilary J. Spann sold 12,379 shares of the firm’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 completion of the transaction, the executive vice president now owns 7,271 shares in the company, valued at $523,657.42. The trade was a 63.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Boston Properties Trading Down 1.0 %

Shares of Boston Properties stock traded down $0.71 during trading hours on Wednesday, hitting $71.57. The company’s stock had a trading volume of 243,010 shares, compared to its average volume of 1,266,205. The stock has a 50 day moving average of $75.31 and a 200 day moving average of $76.83. The company has a market capitalization of $11.32 billion, a PE ratio of 715.51, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. 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 12 month low of $56.46 and a 12 month 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 the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. Analysts predict that Boston Properties, Inc. will post 6.89 earnings per share for the current year.

Boston Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.98 per share. 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 3,920.39%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wedbush cut shares of Boston Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 30th. Scotiabank reaffirmed a “sector perform” rating and issued a $85.00 target price on shares of Boston Properties in a report on Thursday, November 7th. Compass Point upgraded Boston Properties from a “neutral” rating to a “buy” rating and upped their price target for the stock from $80.00 to $88.00 in a report on Thursday, November 14th. Mizuho lowered their price objective 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. Finally, Barclays boosted their target price on shares of Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $82.23.

Hedge Funds Weigh In On Boston Properties

Institutional investors have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Boston Properties by 25.8% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,414 shares of the real estate investment trust’s stock valued at $403,000 after acquiring an additional 1,112 shares during the last quarter. Van ECK Associates Corp lifted its stake in Boston Properties by 1.7% in the 4th quarter. Van ECK Associates Corp now owns 70,444 shares of the real estate investment trust’s stock valued at $5,238,000 after purchasing an additional 1,169 shares during the last quarter. E. Ohman J or Asset Management AB grew its holdings in Boston Properties by 32.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust’s stock worth $491,000 after purchasing an additional 1,600 shares during the period. Sound Income Strategies LLC grew its holdings in Boston Properties by 18.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,800 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 590 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in Boston Properties by 1.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock worth $650,000 after buying an additional 156 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

About Boston Properties

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.