Insider Selling: Boston Properties, Inc. (NYSE:BXP) EVP Sells 2,143 Shares of Stock

Boston Properties, Inc. (NYSE:BXP) EVP Donna D. Garesche sold 2,143 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total value of $145,445.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Boston Properties Price Performance

Shares of BXP stock opened at $69.01 on Monday. The stock has a 50 day moving average of $71.27 and a two-hundred day moving average of $76.99. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09. Boston Properties, Inc. has a 12 month low of $56.46 and a 12 month high of $90.11. The company has a market capitalization of $10.92 billion, a P/E ratio of 690.18, a P/E/G ratio of 0.91 and a beta of 1.19.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. As a group, equities analysts expect that Boston Properties, Inc. will post 6.91 EPS for the current year.

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were issued a $0.98 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.68%. Boston Properties’s payout ratio is presently 3,920.00%.

Hedge Funds Weigh In On Boston Properties

Hedge funds have recently modified their holdings of the stock. Canada Post Corp Registered Pension Plan acquired a new position in shares of Boston Properties in the 4th quarter worth approximately $32,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Boston Properties by 5,025.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 603 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Boston Properties in the 3rd quarter worth approximately $58,000. Huntington National Bank raised its holdings in shares of Boston Properties by 29.8% in the 4th quarter. Huntington National Bank now owns 1,145 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 263 shares in the last quarter. Finally, Hurley Capital LLC acquired a new position in shares of Boston Properties in the 4th quarter worth approximately $94,000. 98.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on BXP shares. Jefferies Financial Group cut their price objective on Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Barclays boosted their price objective on Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Mizuho cut their price objective on Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on Boston Properties from $88.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Wedbush cut Boston Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $82.08.

Boston Properties Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.