BXP (NYSE:BXP) EVP Sells $75,592.14 in Stock

BXP, Inc. (NYSE:BXP) EVP Hilary Spann sold 1,194 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $63.31, for a total transaction of $75,592.14. Following the completion of the transaction, the executive vice president directly owned 17,832 shares in the company, valued at $1,128,943.92. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

BXP Trading Up 2.5%

Shares of NYSE:BXP opened at $64.73 on Monday. BXP, Inc. has a 12-month low of $54.22 and a 12-month high of $79.33. The business has a 50 day moving average of $67.70 and a 200-day moving average of $70.05. 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 stock has a market cap of $10.26 billion, a PE ratio of -50.97, a P/E/G ratio of 2.75 and a beta of 1.01.

BXP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 annualized dividend and a yield of 4.3%. BXP’s dividend payout ratio (DPR) is presently -220.47%.

Institutional Investors Weigh In On BXP

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC raised its position in shares of BXP by 1.0% during the third quarter. Voya Investment Management LLC now owns 1,492,925 shares of the real estate investment trust’s stock worth $110,835,000 after purchasing an additional 15,507 shares during the period. Swedbank AB grew its position in BXP by 13.9% in the 3rd quarter. Swedbank AB now owns 141,798 shares of the real estate investment trust’s stock valued at $10,541,000 after purchasing an additional 17,253 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in BXP during the 2nd quarter valued at $306,000. Nan Fung Trinity HK Ltd. raised its holdings in BXP by 94.9% during the third quarter. Nan Fung Trinity HK Ltd. now owns 91,224 shares of the real estate investment trust’s stock worth $6,782,000 after buying an additional 44,424 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in BXP by 9.9% during the second quarter. Cetera Investment Advisers now owns 52,433 shares of the real estate investment trust’s stock worth $3,538,000 after buying an additional 4,744 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BXP shares. UBS Group lowered their price target on shares of BXP from $74.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Mizuho lowered their target price on shares of BXP from $82.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. JPMorgan Chase & Co. cut their price target on BXP from $83.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Royal Bank Of Canada raised BXP to an “outperform” rating in a research report on Thursday, December 4th. Finally, Truist Financial cut their target price on BXP from $74.00 to $70.00 and set a “hold” rating for the company in a research report on Monday, February 2nd. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently 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.