Insider Selling: BXP (NYSE:BXP) CEO Sells $73,341.56 in Stock

BXP, Inc. (NYSE:BXP) CEO Owen Thomas sold 1,198 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $61.22, for a total transaction of $73,341.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BXP Stock Up 4.1%

BXP stock opened at $61.47 on Monday. The stock has a market capitalization of $9.74 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 2.61 and a beta of 1.01. BXP, Inc. has a 52 week low of $54.22 and a 52 week high of $79.33. The company has a quick ratio of 4.50, a current ratio of 5.36 and a debt-to-equity ratio of 2.21. The firm has a 50 day moving average of $66.88 and a 200 day moving average of $69.80.

BXP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, December 31st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP’s dividend payout ratio is presently 160.92%.

Hedge Funds Weigh In On BXP

Several institutional investors and hedge funds have recently modified their holdings of BXP. Norges Bank acquired a new position in BXP during the fourth quarter worth $689,419,000. Cohen & Steers Inc. raised its position in shares of BXP by 41.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after purchasing an additional 4,503,738 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in BXP by 32,286.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,889,115 shares of the real estate investment trust’s stock valued at $127,477,000 after buying an additional 1,883,282 shares in the last quarter. Invesco Ltd. boosted its holdings in BXP by 44.9% in the 3rd quarter. Invesco Ltd. now owns 3,896,978 shares of the real estate investment trust’s stock worth $289,701,000 after buying an additional 1,207,607 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in BXP by 52.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,065,995 shares of the real estate investment trust’s stock worth $206,893,000 after buying an additional 1,053,938 shares in the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays dropped their price target on BXP from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Evercore cut their price target on shares of BXP from $76.00 to $73.00 and set an “in-line” rating on the stock in a report on Thursday, January 29th. Wells Fargo & Company reduced their price target on shares of BXP from $77.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $70.00 price objective on shares of BXP in a report on Tuesday, January 6th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $79.00 target price on shares of BXP in a report on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $77.05.

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.