BXP, Inc. $BXP Shares Sold by Aberdeen Group plc

Aberdeen Group plc cut its position in shares of BXP, Inc. (NYSE:BXP) by 60.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,042 shares of the real estate investment trust’s stock after selling 179,010 shares during the quarter. Aberdeen Group plc owned 0.07% of BXP worth $8,604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of BXP by 4.3% during the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock valued at $1,651,017,000 after acquiring an additional 1,016,579 shares during the period. State Street Corp grew its holdings in shares of BXP by 1.7% during the second quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust’s stock valued at $782,337,000 after buying an additional 186,269 shares in the last quarter. Norges Bank acquired a new position in BXP during the second quarter valued at $686,886,000. Geode Capital Management LLC boosted its holdings in shares of BXP by 1.7% during the second quarter. Geode Capital Management LLC now owns 4,153,844 shares of the real estate investment trust’s stock worth $279,186,000 after purchasing an additional 68,481 shares during the period. Finally, Boston Partners increased its stake in shares of BXP by 15.5% in the second quarter. Boston Partners now owns 3,009,193 shares of the real estate investment trust’s stock worth $203,020,000 after acquiring an additional 403,090 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BXP has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $70.00 target price on shares of BXP in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BXP in a report on Monday, December 29th. Mizuho lowered their price target on BXP from $82.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $79.00 price objective on shares of BXP in a report on Thursday, January 29th. Finally, The Goldman Sachs Group set a $72.00 price target on BXP in a research report on Wednesday, February 4th. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.05.

BXP Trading Up 1.1%

BXP opened at $62.21 on Friday. The company has a current ratio of 5.36, a quick ratio of 4.50 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $9.86 billion, a P/E ratio of 35.75, a P/E/G ratio of 2.62 and a beta of 1.01. The firm’s fifty day simple moving average is $66.21 and its 200 day simple moving average is $69.64. BXP, Inc. has a 12 month low of $54.22 and a 12 month high of $79.33.

BXP Dividend Announcement

The company also recently declared 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. This represents a $2.80 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP’s dividend payout ratio is 160.92%.

Insider Activity

In related news, EVP Hilary J. Spann sold 1,194 shares of BXP stock in a transaction dated Thursday, February 5th. The stock was 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 owned 17,832 shares in the company, valued at approximately $1,128,943.92. This trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Raymond A. Ritchey sold 36,314 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $72.18, for a total value of $2,621,144.52. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,842 shares of company stock valued at $3,070,559 in the last 90 days. 1.49% of the stock is owned by company insiders.

BXP 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.