Boston Properties, Inc. (NYSE:BXP) EVP Sells $351,410.40 in Stock

Boston Properties, Inc. (NYSE:BXP) EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total value of $351,410.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Boston Properties Trading Up 0.1 %

NYSE BXP opened at $74.30 on Thursday. The company has a market cap of $11.67 billion, a P/E ratio of 60.90, a P/E/G ratio of 0.46 and a beta of 1.18. Boston Properties, Inc. has a 12 month low of $50.64 and a 12 month high of $74.91. The company has a debt-to-equity ratio of 1.90, a current ratio of 4.83 and a quick ratio of 4.77. The company has a 50-day moving average of $67.00 and a 200-day moving average of $63.94.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $1.72 by ($1.21). The company had revenue of $850.48 million for the quarter, compared to analyst estimates of $819.49 million. Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company posted $1.86 EPS. As a group, equities analysts predict that Boston Properties, Inc. will post 7.12 earnings per share for the current year.

Boston Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Friday, June 28th. Boston Properties’s payout ratio is currently 321.31%.

Institutional Investors Weigh In On Boston Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in BXP. Manchester Capital Management LLC grew its holdings in shares of Boston Properties by 435.9% during the 4th quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 340 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in Boston Properties by 212.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 568 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 386 shares during the period. UMB Bank n.a. increased its position in shares of Boston Properties by 115.5% in the second quarter. UMB Bank n.a. now owns 709 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 380 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of Boston Properties by 59.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,063 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 395 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Boston Properties by 61.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 547 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays decreased their price objective on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $62.00 price target on shares of Boston Properties in a research report on Thursday, June 20th. StockNews.com raised Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Evercore ISI increased their target price on Boston Properties from $76.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Scotiabank boosted their price target on Boston Properties from $74.00 to $76.00 and gave the stock a “sector outperform” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Boston Properties currently has an average rating of “Hold” and an average target price of $71.92.

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.