Boston Properties, Inc. (NYSE:BXP) EVP Sells $145,445.41 in Stock

Boston Properties, Inc. (NYSE:BXP) EVP Donna D. Garesche sold 2,143 shares of Boston Properties stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total transaction of $145,445.41. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Boston Properties Stock Performance

Shares of BXP stock opened at $66.66 on Friday. The company has a market capitalization of $10.54 billion, a P/E ratio of 666.70, a PEG ratio of 0.91 and a beta of 1.18. Boston Properties, Inc. has a fifty-two week low of $56.46 and a fifty-two week high of $90.11. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. The stock has a 50 day moving average price of $71.38 and a two-hundred day moving average price of $76.91.

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

Boston Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.98 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.88%. Boston Properties’s dividend payout ratio is currently 3,920.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Mizuho decreased their price target on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Truist Financial increased their target price on Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Jefferies Financial Group dropped their price target 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. Piper Sandler cut their price objective on Boston Properties from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Wells Fargo & Company decreased their price objective on Boston Properties from $88.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Two equities research 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.com, Boston Properties has an average rating of “Hold” and an average target price of $82.08.

Institutional Trading of Boston Properties

Large investors have recently modified their holdings of the business. Deutsche Bank AG lifted its holdings in Boston Properties by 30.6% in the 4th quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust’s stock worth $70,612,000 after buying an additional 222,284 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Boston Properties during the fourth quarter valued at approximately $8,994,000. Wealthfront Advisers LLC raised its holdings in shares of Boston Properties by 198.9% during the fourth quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock valued at $11,091,000 after acquiring an additional 99,248 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in 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 acquiring an additional 18,900 shares during the period. Finally, Whittier Trust Co. boosted its holdings in Boston Properties by 3.5% in the fourth quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust’s stock valued at $22,812,000 after acquiring an additional 10,429 shares in the last quarter. 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.