Insider Selling: Boston Properties, Inc. (NYSE:BXP) EVP Sells 12,379 Shares of Stock

Boston Properties, Inc. (NYSE:BXP) EVP Hilary J. Spann sold 12,379 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $72.02, for a total transaction of $891,535.58. Following the sale, the executive vice president now directly owns 7,271 shares in the company, valued at $523,657.42. This trade represents a 63.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Boston Properties Stock Performance

Shares of BXP stock opened at $72.38 on Friday. The company’s fifty day moving average price is $75.11 and its 200-day moving average price is $76.80. The stock has a market cap of $11.44 billion, a PE ratio of 723.83, a price-to-earnings-growth ratio of 0.52 and a beta of 1.18. 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.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. On average, equities analysts expect that Boston Properties, Inc. will post 6.89 EPS for the current fiscal year.

Boston Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.92 annualized dividend and a dividend yield of 5.42%. Boston Properties’s payout ratio is 3,920.39%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. StockNews.com lowered Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Compass Point raised Boston Properties from a “neutral” rating to a “buy” rating and boosted their target price for the company from $80.00 to $88.00 in a research note on Thursday, November 14th. UBS Group boosted their target price on Boston Properties from $64.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Scotiabank reissued a “sector perform” rating and issued a $85.00 target price on shares of Boston Properties in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $82.23.

Hedge Funds Weigh In On Boston Properties

Several large investors have recently made changes to their positions in BXP. Raymond James Financial Inc. bought a new position in shares of Boston Properties during the fourth quarter valued at $8,994,000. Cbre Investment Management Listed Real Assets LLC boosted its stake in Boston Properties by 12.5% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock worth $12,679,000 after purchasing an additional 18,900 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its position in Boston Properties by 25.8% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,414 shares of the real estate investment trust’s stock valued at $403,000 after purchasing an additional 1,112 shares during the last quarter. Van ECK Associates Corp increased its stake in Boston Properties by 1.7% during the 4th quarter. Van ECK Associates Corp now owns 70,444 shares of the real estate investment trust’s stock valued at $5,238,000 after purchasing an additional 1,169 shares in the last quarter. Finally, E. Ohman J or Asset Management AB raised its holdings in Boston Properties by 32.0% in the fourth quarter. E. Ohman J or Asset Management AB now owns 6,600 shares of the real estate investment trust’s stock worth $491,000 after buying an additional 1,600 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

About Boston Properties

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.