Boston Properties, Inc. (NYSE:BXP - Get Free Report) EVP Donna D. Garesche sold 2,143 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total value of $145,445.41. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Boston Properties Trading Down 3.7 %
NYSE:BXP traded down $2.53 on Tuesday, reaching $65.64. The stock had a trading volume of 1,579,388 shares, compared to its average volume of 1,169,746. Boston Properties, Inc. has a 12-month low of $56.46 and a 12-month high of $90.11. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 656.45, a P/E/G ratio of 0.91 and a beta of 1.19. The firm's fifty day moving average is $71.15 and its two-hundred day moving average is $76.97. 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 (NYSE:BXP - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. Equities analysts expect that Boston Properties, Inc. will post 6.91 EPS for the current fiscal year.
Boston Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Tuesday, December 31st were paid a $0.98 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.92 annualized dividend and a yield of 5.97%. Boston Properties's payout ratio is currently 3,920.00%.
Analyst Ratings Changes
A number of research firms have recently weighed in on BXP. Wedbush cut shares of Boston Properties from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 30th. Truist Financial upped their target price on shares of Boston Properties from $77.00 to $83.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. Scotiabank decreased their price target on Boston Properties from $85.00 to $83.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Jefferies Financial Group dropped their price objective on Boston Properties from $93.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company decreased their target price on Boston Properties from $88.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boston Properties presently has a consensus rating of "Hold" and an average price target of $82.08.
Get Our Latest Report on Boston Properties
Institutional Trading of Boston Properties
A number of hedge funds have recently added to or reduced their stakes in BXP. Deutsche Bank AG boosted its holdings in Boston Properties by 30.6% in the fourth quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust's stock valued at $70,612,000 after purchasing an additional 222,284 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Boston Properties in the 4th quarter valued at approximately $8,994,000. Wealthfront Advisers LLC boosted its stake in shares of Boston Properties by 198.9% during the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust's stock valued at $11,091,000 after buying an additional 99,248 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake 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 buying an additional 18,900 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in Boston Properties by 3.5% during the 4th quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust's stock worth $22,812,000 after acquiring an additional 10,429 shares in the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.
About Boston Properties
(
Get Free Report)
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.
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