BXP (NYSE:BXP) EVP Sells $327,996.55 in Stock

BXP, Inc. (NYSE:BXP) EVP Hilary Spann sold 5,495 shares of BXP 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

BXP Trading Down 1.7%

NYSE:BXP traded down $0.99 during mid-day trading on Monday, hitting $56.59. The company had a trading volume of 903,911 shares, compared to its average volume of 2,712,913. The company has a debt-to-equity ratio of 2.21, a quick ratio of 4.50 and a current ratio of 5.36. The firm has a market cap of $8.97 billion, a P/E ratio of 32.54, a P/E/G ratio of 2.45 and a beta of 1.01. The business’s fifty day moving average is $64.97 and its two-hundred day moving average is $69.50. BXP, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $79.33.

BXP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, December 31st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP’s dividend payout ratio (DPR) is presently 160.92%.

Institutional Investors Weigh In On BXP

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH increased its position in shares of BXP by 57.7% during the third quarter. Allianz Asset Management GmbH now owns 149,860 shares of the real estate investment trust’s stock worth $11,141,000 after acquiring an additional 54,803 shares in the last quarter. Voya Investment Management LLC increased its holdings in BXP by 1.0% during the 3rd quarter. Voya Investment Management LLC now owns 1,492,925 shares of the real estate investment trust’s stock worth $110,835,000 after purchasing an additional 15,507 shares in the last quarter. Swedbank AB raised its stake in shares of BXP by 13.9% in the third quarter. Swedbank AB now owns 141,798 shares of the real estate investment trust’s stock worth $10,541,000 after purchasing an additional 17,253 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of BXP in the second quarter valued at approximately $306,000. Finally, Nan Fung Trinity HK Ltd. grew its holdings in BXP by 94.9% during the third quarter. Nan Fung Trinity HK Ltd. now owns 91,224 shares of the real estate investment trust’s stock worth $6,782,000 after buying an additional 44,424 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on BXP. The Goldman Sachs Group set a $72.00 price objective on BXP in a research report on Wednesday, February 4th. Weiss Ratings restated a “sell (d+)” rating on shares of BXP in a research note on Monday, December 29th. Evercore dropped their price target on BXP from $76.00 to $73.00 and set an “in-line” rating on the stock in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $70.00 price objective on shares of BXP in a research report on Tuesday, January 6th. Finally, UBS Group reduced their target price on shares of BXP from $74.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.