Boston Properties, Inc. (NYSE:BXP) EVP Hilary J. Spann Sells 12,379 Shares

Boston Properties, Inc. (NYSE:BXP - Get Free Report) EVP Hilary J. Spann sold 12,379 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction of $891,535.58. Following the transaction, the executive vice president now owns 7,271 shares in the company, valued at $523,657.42. This represents a 63.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Boston Properties Stock Performance

Shares of BXP traded up $0.38 during trading hours on Friday, hitting $72.77. The stock had a trading volume of 795,411 shares, compared to its average volume of 1,297,369. The firm has a market capitalization of $11.51 billion, a PE ratio of 727.76, a PEG ratio of 0.95 and a beta of 1.18. The company has a debt-to-equity ratio of 2.09, a current ratio of 5.69 and a quick ratio of 5.51. Boston Properties, Inc. has a 12 month low of $56.46 and a 12 month high of $90.11. The stock has a fifty day moving average price of $74.71 and a 200 day moving average price of $76.86.

Boston Properties (NYSE:BXP - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $1.28. Boston Properties had a return on equity of 3.90% and a net margin of 0.38%. Analysts anticipate that Boston Properties, Inc. will post 6.91 EPS for the current year.

Boston Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend was Tuesday, December 31st. Boston Properties's dividend payout ratio is presently 3,920.39%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BXP. Mizuho lowered their target price on Boston Properties from $92.00 to $86.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Barclays boosted their target price on shares of Boston Properties from $88.00 to $89.00 and gave the company an "equal weight" rating in a report on Monday, November 18th. Jefferies Financial Group decreased their target price on shares of Boston Properties from $93.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Compass Point upgraded Boston Properties from a "neutral" rating to a "buy" rating and raised their price target for the company from $80.00 to $88.00 in a report on Thursday, November 14th. Finally, Truist Financial upped their price target on shares of Boston Properties from $77.00 to $83.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $82.23.

Hedge Funds Weigh In On Boston Properties

A number of institutional investors have recently bought and sold shares of BXP. Whittier Trust Co. raised its stake in shares of Boston Properties by 4.2% in the third quarter. Whittier Trust Co. now owns 296,354 shares of the real estate investment trust's stock worth $23,844,000 after buying an additional 12,018 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Boston Properties by 12.5% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust's stock worth $12,679,000 after purchasing an additional 18,900 shares during the period. Wealthfront Advisers LLC increased its stake in shares of Boston Properties by 198.9% in the fourth quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust's stock worth $11,091,000 after purchasing an additional 99,248 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Boston Properties by 2.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 133,871 shares of the real estate investment trust's stock valued at $10,771,000 after purchasing an additional 3,502 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Boston Properties during the 4th quarter valued at $8,994,000. 98.72% of the stock is owned by institutional investors.

About Boston Properties

Boston Properties, Inc NYSE: BXP (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.