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

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

Boston Properties Price Performance

Boston Properties stock opened at $73.00 on Thursday. The business’s 50 day simple moving average is $75.31 and its 200 day simple moving average is $76.83. Boston Properties, Inc. has a 12 month low of $56.46 and a 12 month high of $90.11. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 730.09, a PEG ratio of 0.52 and a beta of 1.18. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS 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%. Sell-side analysts forecast that Boston Properties, Inc. will post 6.89 EPS for the current year.

Boston Properties Dividend Announcement

The firm also recently declared 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 5.37%. The ex-dividend date was Tuesday, December 31st. Boston Properties’s dividend payout ratio (DPR) is currently 3,920.00%.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BXP. UBS Group boosted their price objective on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Scotiabank reissued a “sector perform” rating and issued a $85.00 price objective on shares of Boston Properties in a research note on Thursday, November 7th. Mizuho decreased their price target on Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Barclays raised their price objective on Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Finally, Wedbush lowered shares of Boston Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $82.23.

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.