Hilary Spann Sells 1,194 Shares of BXP (NYSE:BXP) Stock

BXP, Inc. (NYSE:BXP) EVP Hilary Spann sold 1,194 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $63.31, for a total transaction of $75,592.14. Following 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 filing with the SEC, which can be accessed through this hyperlink.

BXP Stock Up 2.5%

BXP stock opened at $64.73 on Friday. The company has a 50 day moving average of $67.70 and a two-hundred day moving average of $70.06. The company has a market cap of $10.26 billion, a price-to-earnings ratio of -50.97, a PEG ratio of 2.75 and a beta of 1.01. BXP, Inc. has a 12-month low of $54.22 and a 12-month high of $79.33. The company has a quick ratio of 4.50, a current ratio of 5.36 and a debt-to-equity ratio of 2.21.

BXP Announces Dividend

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

Institutional Trading of BXP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P bought a new stake in shares of BXP in the second quarter valued at approximately $25,000. Muzinich & Co. Inc. acquired a new stake in BXP in the 3rd quarter worth $27,000. Elyxium Wealth LLC bought a new position in shares of BXP during the 4th quarter worth about $25,000. Princeton Global Asset Management LLC raised its position in shares of BXP by 892.5% during the fourth quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 357 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of BXP in the second quarter valued at about $29,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

BXP has been the subject of several recent research reports. Truist Financial decreased their target price on shares of BXP from $74.00 to $70.00 and set a “hold” rating for the company in a research report on Monday, February 2nd. Jefferies Financial Group increased their target price on shares of BXP from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Citigroup cut their target price on BXP from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Mizuho decreased their price target on BXP from $82.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, December 12th. Finally, Wells Fargo & Company cut their price objective on BXP from $77.00 to $74.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.