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

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

BXP Stock Performance

BXP stock traded up $1.11 during mid-day trading on Friday, hitting $64.28. 1,434,713 shares of the company’s stock traded hands, compared to its average volume of 1,991,603. The company has a quick ratio of 4.50, a current ratio of 5.36 and a debt-to-equity ratio of 2.21. BXP, Inc. has a one year low of $54.22 and a one year high of $79.33. The firm has a 50 day moving average price of $67.85 and a 200 day moving average price of $70.10. The company has a market cap of $10.19 billion, a PE ratio of -50.68, a price-to-earnings-growth ratio of 2.71 and a beta of 1.01.

BXP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.80 annualized dividend and a yield of 4.4%. BXP’s dividend payout ratio (DPR) is presently -220.47%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P bought a new position in shares of BXP during the 2nd quarter worth about $25,000. Elyxium Wealth LLC bought a new position in BXP during the fourth quarter worth about $25,000. Muzinich & Co. Inc. acquired a new stake in BXP during the third quarter valued at approximately $27,000. Princeton Global Asset Management LLC boosted its holdings in BXP by 892.5% during the fourth quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 357 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of BXP in the 2nd quarter valued at approximately $29,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of BXP from $77.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Mizuho decreased their target price on BXP from $82.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. Barclays cut their target price on BXP from $82.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. UBS Group dropped their price target on BXP from $74.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Jefferies Financial Group lifted their target price on shares of BXP from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BXP presently has a consensus rating of “Hold” and an average target price of $77.05.

BXP Company Profile

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.