BXP (NYSE:BXP) EVP Hilary Spann Sells 1,194 Shares of Stock

BXP, Inc. (NYSE:BXP) EVP Hilary Spann sold 1,194 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $63.31, for a total transaction of $75,592.14. Following the completion of the sale, the executive vice president directly owned 17,832 shares in the company, valued at $1,128,943.92. This trade represents a 6.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BXP Stock Up 2.5%

NYSE BXP opened at $64.73 on Friday. The company has a current ratio of 5.36, a quick ratio of 4.50 and a debt-to-equity ratio of 2.21. The stock’s 50 day moving average is $67.70 and its two-hundred day moving average is $70.07. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of -50.97, a PEG ratio of 2.68 and a beta of 1.01. BXP, Inc. has a 1-year low of $54.22 and a 1-year high of $79.33.

BXP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.3%. BXP’s dividend payout ratio (DPR) is presently -220.47%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BXP shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $70.00 target price on shares of BXP in a research note on Tuesday, January 6th. Jefferies Financial Group lifted their price target on BXP from $79.00 to $84.00 and gave the company a “buy” rating in a report on Monday, October 13th. Wells Fargo & Company decreased their price objective on shares of BXP from $77.00 to $74.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. The Goldman Sachs Group set a $72.00 price objective on shares of BXP in a research report on Wednesday. Finally, Scotiabank reduced their price objective on BXP from $81.00 to $74.00 and set a “sector performer” rating on the stock in a report on Wednesday, January 14th. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $77.05.

Hedge Funds Weigh In On BXP

Several hedge funds have recently added to or reduced their stakes in BXP. Truist Financial Corp lifted its position in BXP by 1.2% in the 2nd quarter. Truist Financial Corp now owns 11,987 shares of the real estate investment trust’s stock valued at $809,000 after acquiring an additional 145 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of BXP by 2.5% during the third quarter. Benjamin Edwards Inc. now owns 6,544 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 159 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of BXP by 2.5% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 6,476 shares of the real estate investment trust’s stock worth $481,000 after buying an additional 160 shares in the last quarter. Stonehaven Wealth & Tax Solutions LLC raised its position in BXP by 4.6% in the 4th quarter. Stonehaven Wealth & Tax Solutions LLC now owns 3,691 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 162 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its stake in BXP by 4.8% in the 4th quarter. Sage Mountain Advisors LLC now owns 3,722 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

About BXP

Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.