Key Points
- EVP Hilary Spann sold 5,495 shares of BXP on Feb. 27 at an average of $59.69 for about $327,997, cutting her stake by ~23.6% to 17,832 shares (SEC Form 4 disclosure).
- BXP pays a $0.70 quarterly dividend (annualized $2.80) for a 5.0% yield, but the payout ratio is elevated at 160.92%, which could signal sustainability concerns.
- Analysts are mixed: the consensus rating is "Hold" with an average price target of $75, while several firms have recently trimmed targets (e.g., Mizuho to $62, Scotiabank to $65) amid cautious near‑term outlooks.
BXP, Inc. (NYSE:BXP - Get Free Report) EVP Hilary Spann sold 5,495 shares of the company's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $59.69, for a total value of $327,996.55. Following the transaction, the executive vice president directly owned 17,832 shares in the company, valued at approximately $1,064,392.08. This represents a 23.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
BXP Price Performance
Shares of BXP stock opened at $56.35 on Tuesday. The stock has a 50 day moving average price of $64.70 and a 200 day moving average price of $69.44. BXP, Inc. has a 52-week low of $54.22 and a 52-week high of $79.33. 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 capitalization of $8.93 billion, a P/E ratio of 32.38, a P/E/G ratio of 2.45 and a beta of 1.01.
BXP Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Wednesday, December 31st. BXP's payout ratio is currently 160.92%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on BXP shares. Wells Fargo & Company decreased their price objective on shares of BXP from $77.00 to $74.00 and set an "overweight" rating for the company in a report on Tuesday, November 25th. JPMorgan Chase & Co. decreased their price target on shares of BXP from $83.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, January 13th. Mizuho lowered BXP from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $79.00 to $62.00 in a report on Tuesday, February 24th. The Goldman Sachs Group set a $72.00 price objective on BXP in a report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $70.00 target price on shares of BXP in a report on Tuesday, January 6th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $75.00.
Check Out Our Latest Analysis on BXP
More BXP News
Here are the key news stories impacting BXP this week:
Hedge Funds Weigh In On BXP
Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of BXP in the 4th quarter valued at about $532,000. Compound Planning Inc. lifted its position in BXP by 6.8% during the fourth quarter. Compound Planning Inc. now owns 3,978 shares of the real estate investment trust's stock valued at $268,000 after acquiring an additional 253 shares during the last quarter. Invesco Ltd. boosted its stake in BXP by 5.2% in the fourth quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust's stock valued at $276,751,000 after acquiring an additional 204,258 shares in the last quarter. Rare Wolf Capital LLC purchased a new position in BXP in the fourth quarter worth $1,630,000. Finally, Corient Private Wealth LLC grew its holdings in BXP by 22.3% in the fourth quarter. Corient Private Wealth LLC now owns 41,223 shares of the real estate investment trust's stock worth $2,549,000 after purchasing an additional 7,511 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.
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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