251,871 Shares in BXP, Inc. $BXP Bought by Linden Advisors LP

Linden Advisors LP acquired a new stake in BXP, Inc. (NYSE:BXP) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 251,871 shares of the real estate investment trust’s stock, valued at approximately $18,724,000. Linden Advisors LP owned about 0.16% of BXP at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P acquired a new stake in shares of BXP in the 2nd quarter valued at approximately $25,000. Muzinich & Co. Inc. bought a new position in BXP during the 3rd quarter worth approximately $27,000. MUFG Securities EMEA plc acquired a new position in BXP during the second quarter valued at approximately $29,000. Avalon Trust Co bought a new stake in BXP in the third quarter valued at approximately $36,000. Finally, Rothschild Investment LLC increased its stake in BXP by 67.1% in the second quarter. Rothschild Investment LLC now owns 635 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Insider Transactions at BXP

In other news, EVP Hilary J. Spann sold 5,495 shares of the company’s stock in a transaction dated 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 represents a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Owen D. Thomas sold 1,198 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $61.22, for a total value of $73,341.56. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 7,887 shares of company stock valued at $476,930. Corporate insiders own 1.49% of the company’s stock.

BXP Stock Up 0.4%

Shares of BXP stock opened at $52.24 on Tuesday. BXP, Inc. has a 12-month low of $49.72 and a 12-month high of $79.33. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 2.21. The firm has a fifty day moving average of $61.71 and a 200-day moving average of $68.41. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 2.22 and a beta of 1.01.

BXP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Wednesday, December 31st. BXP’s dividend payout ratio is 160.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BXP shares. Wells Fargo & Company reduced their price target on shares of BXP from $77.00 to $74.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. JPMorgan Chase & Co. lowered their price objective 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. Royal Bank Of Canada raised BXP to an “outperform” rating in a research note on Thursday, December 4th. UBS Group reduced their target price on BXP from $74.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, Citigroup decreased their target price on BXP from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.00.

BXP Company 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.