Insider Selling: Boston Properties, Inc. (BXP) Insider Sells $730,859.40 in Stock
Boston Properties, Inc. (NYSE:BXP) insider Bryan J. Koop sold 5,868 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $124.55, for a total value of $730,859.40. Following the completion of the transaction, the insider now owns 585 shares of the company’s stock, valued at approximately $72,861.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Boston Properties, Inc. (BXP) opened at $125.85 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.43 and a current ratio of 0.44. Boston Properties, Inc. has a 52 week low of $116.77 and a 52 week high of $140.13. The firm has a market capitalization of $19,421.42, a PE ratio of 20.10, a price-to-earnings-growth ratio of 3.64 and a beta of 0.63.
Boston Properties (NYSE:BXP) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Boston Properties had a return on equity of 6.43% and a net margin of 19.42%. The firm had revenue of $657.70 million during the quarter, compared to analyst estimates of $649.84 million. During the same quarter in the previous year, the business earned $1.42 EPS. Boston Properties’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities research analysts expect that Boston Properties, Inc. will post 6.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were paid a $0.75 dividend. The ex-dividend date was Thursday, September 28th. This represents a $3.00 annualized dividend and a dividend yield of 2.38%. Boston Properties’s dividend payout ratio is presently 93.75%.
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Several institutional investors have recently made changes to their positions in BXP. Amica Retiree Medical Trust purchased a new position in shares of Boston Properties in the 3rd quarter valued at about $105,000. Harbour Capital Advisors LLC increased its stake in shares of Boston Properties by 12,201.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 13,532 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 13,422 shares in the last quarter. NewSquare Capital LLC increased its stake in shares of Boston Properties by 12,184.0% in the 3rd quarter. NewSquare Capital LLC now owns 122,840 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 121,840 shares in the last quarter. Sun Life Financial INC increased its stake in shares of Boston Properties by 10,118.2% in the 2nd quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Boston Properties in the 1st quarter valued at about $200,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.
BXP has been the subject of a number of research analyst reports. TheStreet upgraded Boston Properties from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. KeyCorp restated a “hold” rating on shares of Boston Properties in a research note on Wednesday, October 4th. BidaskClub upgraded Boston Properties from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Mizuho restated a “hold” rating and issued a $122.00 target price on shares of Boston Properties in a research note on Friday, November 3rd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $124.00 target price on shares of Boston Properties in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $133.36.
About Boston Properties
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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