BXP (NYSE:BXP) CEO Owen Thomas Sells 1,198 Shares

BXP, Inc. (NYSE:BXP) CEO Owen Thomas sold 1,198 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $61.22, for a total transaction of $73,341.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

BXP Trading Up 4.3%

Shares of BXP traded up $2.52 during trading hours on Friday, hitting $61.59. The stock had a trading volume of 1,337,160 shares, compared to its average volume of 2,268,461. The company’s fifty day simple moving average is $67.03 and its 200 day simple moving average is $69.84. The company has a debt-to-equity ratio of 2.21, a quick ratio of 4.50 and a current ratio of 5.36. BXP, Inc. has a 12-month low of $54.22 and a 12-month high of $79.33. The firm has a market cap of $9.76 billion, a P/E ratio of 35.40, a P/E/G ratio of 2.63 and a beta of 1.01.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Wednesday, December 31st. BXP’s dividend payout ratio is presently -220.47%.

Institutional Trading of BXP

Several institutional investors have recently added to or reduced their stakes in BXP. Vanguard Group Inc. boosted its position in shares of BXP by 4.3% in the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock valued at $1,651,017,000 after acquiring an additional 1,016,579 shares during the period. Cohen & Steers Inc. raised its stake in BXP by 41.4% in the 4th quarter. Cohen & Steers Inc. now owns 15,382,890 shares of the real estate investment trust’s stock worth $1,038,176,000 after purchasing an additional 4,503,738 shares in the last quarter. State Street Corp boosted its holdings in BXP by 1.7% in the 2nd quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust’s stock valued at $782,337,000 after purchasing an additional 186,269 shares during the period. Norges Bank bought a new stake in BXP in the 4th quarter valued at about $689,419,000. Finally, APG Asset Management US Inc. grew its position in shares of BXP by 3.2% during the 3rd quarter. APG Asset Management US Inc. now owns 7,401,513 shares of the real estate investment trust’s stock worth $564,883,000 after purchasing an additional 232,591 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BXP in a report on Monday, December 29th. UBS Group decreased their target price on BXP from $74.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $70.00 price objective on shares of BXP in a research report on Tuesday, January 6th. Barclays decreased their price objective on BXP from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Finally, The Goldman Sachs Group set a $72.00 price target on shares of BXP in a research note on Wednesday, February 4th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $77.05.

About BXP

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.