BXP, Inc. (BXP) to Issue Quarterly Dividend of $0.70 on April 30th

BXP, Inc. (NYSE:BXP) declared a quarterly dividend on Wednesday, March 18th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.70 per share by the real estate investment trust on Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, March 31st.

BXP has decreased its dividend by an average of 0.0%per year over the last three years. BXP has a payout ratio of 147.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect BXP to earn $7.27 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 38.5%.

BXP Price Performance

NYSE:BXP opened at $51.42 on Friday. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 2.21. The business’s 50-day moving average price is $59.14 and its 200 day moving average price is $67.11. BXP has a 52-week low of $49.72 and a 52-week high of $79.33. The firm has a market cap of $8.16 billion, a P/E ratio of 29.55, a PEG ratio of 2.19 and a beta of 1.01.

Insiders Place Their Bets

In other BXP news, CEO Owen D. 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Hilary J. Spann sold 5,495 shares of BXP stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $59.69, for a total value of $327,996.55. Following the transaction, the executive vice president directly owned 17,832 shares in the company, valued at approximately $1,064,392.08. This trade represents a 23.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,887 shares of company stock worth $476,930 in the last quarter. 1.49% of the stock is currently owned by corporate insiders.

Institutional Trading of BXP

Institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P bought a new stake in shares of BXP in the 2nd quarter valued at approximately $25,000. Muzinich & Co. Inc. bought a new stake in BXP in the third quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new position in shares of BXP during the 4th quarter worth $25,000. Princeton Global Asset Management LLC lifted its stake in shares of BXP by 892.5% in the 4th quarter. Princeton Global Asset Management LLC now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 357 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in BXP in the second quarter worth $29,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.