Key Points
- Executive sale: BXP EVP Hilary Spann sold 1,194 shares on Feb. 5 at an average price of $63.31 for about $75,592, cutting her position by 6.28% to 17,832 shares (disclosed in an SEC filing).
- Dividend: Boston Properties paid a $0.70 quarterly dividend (annualized $2.80) for a 4.3% yield, though the dividend payout ratio is negative (-220.47%) due to recent negative earnings.
- Market and analyst context: The stock trades in the mid-$60s with a ~$10.3B market cap and 98.7% institutional ownership, and carries an average analyst rating of "Hold" with a $77.05 average target.
BXP, Inc. (NYSE:BXP - Get Free Report) EVP Hilary Spann sold 1,194 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $63.31, for a total transaction of $75,592.14. Following the transaction, the executive vice president owned 17,832 shares of the company's stock, valued at $1,128,943.92. The trade was a 6.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
BXP Trading Up 2.5%
Shares of NYSE:BXP opened at $64.73 on Friday. The company's 50-day moving average price is $67.70 and its two-hundred day moving average price is $70.07. BXP, Inc. has a one year low of $54.22 and a one year high of $79.33. The company has a debt-to-equity ratio of 2.21, a current ratio of 5.36 and a quick ratio of 4.50. The stock has a market capitalization of $10.26 billion, a PE ratio of -50.97, a price-to-earnings-growth ratio of 2.68 and a beta of 1.01.
BXP Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Wednesday, December 31st. BXP's dividend payout ratio (DPR) is currently -220.47%.
Institutional Investors Weigh In On BXP
Institutional investors have recently made changes to their positions in the stock. Mizuho Markets Americas LLC increased its holdings in BXP by 646.7% in the 4th quarter. Mizuho Markets Americas LLC now owns 187,415 shares of the real estate investment trust's stock valued at $12,647,000 after buying an additional 162,315 shares during the period. Global Retirement Partners LLC raised its position in BXP by 497.8% during the fourth quarter. Global Retirement Partners LLC now owns 4,071 shares of the real estate investment trust's stock valued at $275,000 after purchasing an additional 3,390 shares in the last quarter. Algebris UK Ltd. acquired a new position in BXP during the fourth quarter valued at approximately $14,632,000. ABN Amro Investment Solutions bought a new stake in BXP during the fourth quarter worth $579,000. Finally, ProShare Advisors LLC boosted its holdings in shares of BXP by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 33,737 shares of the real estate investment trust's stock valued at $2,277,000 after purchasing an additional 2,187 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
BXP has been the topic of several analyst reports. Barclays dropped their price target on shares of BXP from $82.00 to $81.00 and set an "overweight" rating on the stock in a research report on Friday, January 23rd. UBS Group cut their target price on shares of BXP from $74.00 to $71.00 and set a "neutral" rating for the company in a research note on Thursday, January 8th. Evercore reduced their price target on BXP from $76.00 to $73.00 and set an "in-line" rating for the company in a report on Thursday, January 29th. Mizuho cut their price objective on BXP from $82.00 to $79.00 and set an "outperform" rating for the company in a research report on Friday, December 12th. Finally, The Goldman Sachs Group set a $72.00 price target on BXP in a research note on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $77.05.
View Our Latest Stock Report on BXP
BXP Company Profile
(
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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