Insider Selling: BXP (NYSE:BXP) CEO Sells 1,198 Shares of Stock

BXP, Inc. (NYSE:BXP) CEO Owen Thomas sold 1,198 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $61.22, for a total value of $73,341.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

BXP Price Performance

NYSE BXP traded up $2.52 during midday trading on Friday, hitting $61.59. The company had a trading volume of 1,337,160 shares, compared to its average volume of 2,268,461. The firm has a 50-day moving average price of $67.03 and a 200-day moving average price of $69.84. The company has a market capitalization of $9.76 billion, a PE ratio of 35.40, a P/E/G ratio of 2.63 and a beta of 1.01. The company has a current ratio of 5.36, a quick ratio of 4.50 and a debt-to-equity ratio of 2.21. BXP, Inc. has a twelve month low of $54.22 and a twelve month high of $79.33.

BXP Dividend Announcement

The firm also recently declared 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Wednesday, December 31st. BXP’s dividend payout ratio is presently -220.47%.

Institutional Investors Weigh In On BXP

Several institutional investors have recently bought and sold shares of BXP. Loomis Sayles & Co. L P purchased a new position in shares of BXP in the 2nd quarter valued at approximately $25,000. Elyxium Wealth LLC purchased a new position in BXP in the fourth quarter worth about $25,000. Muzinich & Co. Inc. purchased a new stake in shares of BXP during the third quarter valued at approximately $27,000. Princeton Global Asset Management LLC increased its holdings in shares of BXP by 892.5% in the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 357 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in BXP during the second quarter valued at approximately $29,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Mizuho dropped their price target on BXP from $82.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. Citigroup lowered their target price on BXP from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Scotiabank cut their price target on shares of BXP from $81.00 to $74.00 and set a “sector performer” rating on the stock in a report on Wednesday, January 14th. Evercore decreased their price objective on shares of BXP from $76.00 to $73.00 and set an “in-line” rating for the company in a report on Thursday, January 29th. Finally, Barclays dropped their target price on shares of BXP from $82.00 to $81.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BXP currently has an average rating of “Hold” and an average price target 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.