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

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

BXP Stock Up 4.1%

Shares of NYSE:BXP opened at $61.47 on Friday. The firm has a 50 day simple moving average of $66.88 and a 200-day simple moving average of $69.78. BXP, Inc. has a twelve month low of $54.22 and a twelve month high of $79.33. The company has a current ratio of 5.36, a quick ratio of 4.50 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $9.74 billion, a PE ratio of 35.33, a P/E/G ratio of 2.61 and a beta of 1.01.

BXP Announces Dividend

The company also recently announced 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. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.6%. BXP’s payout ratio is 160.92%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BXP shares. Citigroup lowered their target price on shares of BXP from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. The Goldman Sachs Group set a $72.00 price objective on shares of BXP in a research report on Wednesday, February 4th. Mizuho dropped their price objective on shares of BXP from $82.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. Scotiabank decreased their target price on shares of BXP from $81.00 to $74.00 and set a “sector performer” rating for the company in a research note on Wednesday, January 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $79.00 price target on shares of BXP in a report on Thursday, January 29th. Eleven 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $77.05.

Institutional Trading of BXP

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of BXP by 4.3% during the second quarter. Vanguard Group Inc. now owns 24,470,390 shares of the real estate investment trust’s stock worth $1,651,017,000 after acquiring an additional 1,016,579 shares during the period. Cohen & Steers Inc. boosted its holdings 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 valued at $1,038,176,000 after purchasing an additional 4,503,738 shares in the last quarter. State Street Corp increased its position in BXP by 1.7% during the 2nd quarter. State Street Corp now owns 11,433,768 shares of the real estate investment trust’s stock worth $782,337,000 after purchasing an additional 186,269 shares during the period. Norges Bank purchased a new position in shares of BXP during the 4th quarter worth approximately $689,419,000. Finally, APG Asset Management US Inc. raised its stake 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 buying an additional 232,591 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

BXP Company Profile

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.