BXP (NYSE:BXP) Sets New 1-Year Low After Insider Selling

BXP, Inc. (NYSE:BXPGet Free Report)’s share price reached a new 52-week low during trading on Tuesday after an insider sold shares in the company. The company traded as low as $54.01 and last traded at $53.4170, with a volume of 214507 shares trading hands. The stock had previously closed at $56.24.

Specifically, EVP Hilary J. Spann sold 5,495 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $59.69, for a total transaction of $327,996.55. Following the completion of the transaction, the executive vice president directly owned 17,832 shares of the company’s stock, valued at $1,064,392.08. This trade represents a 23.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analyst Weigh In

BXP has been the subject of several recent research reports. Scotiabank decreased their price target on BXP from $74.00 to $65.00 and set a “sector perform” rating for the company in a research note on Monday. JPMorgan Chase & Co. decreased their target price on shares of BXP from $83.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. KeyCorp upgraded shares of BXP from a “sector weight” rating to an “overweight” rating and set a $80.00 price target for the company in a report on Thursday, December 4th. UBS Group dropped 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. Finally, 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 research report on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $75.00.

Read Our Latest Stock Analysis on BXP

Key Stories Impacting BXP

Here are the key news stories impacting BXP this week:

BXP Stock Performance

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 firm has a market capitalization of $8.78 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 2.39 and a beta of 1.01. The company’s 50 day moving average is $64.43 and its 200-day moving average is $69.37.

BXP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st were paid a $0.70 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 5.1%. BXP’s dividend payout ratio (DPR) is currently 160.92%.

Institutional Trading of BXP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BXP. Y Intercept Hong Kong Ltd bought a new position in BXP in the second quarter worth approximately $1,236,000. Teacher Retirement System of Texas raised its position in shares of BXP by 4.0% during the second quarter. Teacher Retirement System of Texas now owns 22,839 shares of the real estate investment trust’s stock worth $1,541,000 after purchasing an additional 882 shares during the period. Arkadios Wealth Advisors bought a new position in shares of BXP in the 2nd quarter worth $223,000. Keybank National Association OH grew its position in BXP by 7.7% in the 2nd quarter. Keybank National Association OH now owns 3,525 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 253 shares during the period. Finally, Assetmark Inc. grew its position in BXP by 143.7% in the 2nd quarter. Assetmark Inc. now owns 1,226 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 723 shares during the period. 98.72% of the stock is owned by institutional investors.

About BXP

(Get Free Report)

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.

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