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

Boston Properties, Inc. (NYSE:BXP) EVP Hilary J. Spann sold 12,379 shares of Boston Properties stock in a transaction on Tuesday, February 4th. The shares were 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 of the company’s stock, valued at $523,657.42. This represents a 63.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Boston Properties Trading Up 1.0 %

Shares of BXP stock opened at $73.00 on Thursday. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51. The business has a 50-day moving average of $75.31 and a 200 day moving average of $76.83. The stock has a market capitalization of $11.54 billion, a PE ratio of 730.09, a P/E/G ratio of 0.52 and a beta of 1.18. Boston Properties, Inc. has a 1-year low of $56.46 and a 1-year high of $90.11.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. As a group, sell-side analysts anticipate that Boston Properties, Inc. will post 6.89 earnings per share for the current year.

Boston Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is 3,920.00%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BXP. Truist Financial raised their price target on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and lifted their target price for the company from $80.00 to $88.00 in a research report on Thursday, November 14th. Scotiabank reissued a “sector perform” rating and issued a $85.00 price target on shares of Boston Properties in a research note on Thursday, November 7th. Barclays raised their price objective on shares of 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, StockNews.com lowered shares of Boston Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $82.23.

Institutional Trading of Boston Properties

Institutional investors have recently modified their holdings of the company. Creative Planning raised its position in Boston Properties by 7.7% during the 2nd quarter. Creative Planning now owns 25,570 shares of the real estate investment trust’s stock valued at $1,574,000 after purchasing an additional 1,835 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Boston Properties by 61.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 547 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Boston Properties during the second quarter valued at approximately $1,114,000. Centaurus Financial Inc. purchased a new stake in Boston Properties in the second quarter worth $116,000. Finally, Sound Income Strategies LLC boosted its holdings in Boston Properties by 34.4% in the third quarter. Sound Income Strategies LLC now owns 3,210 shares of the real estate investment trust’s stock valued at $258,000 after acquiring an additional 821 shares in 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.