Boston Properties, Inc. (NYSE:BXP) insider Bryan J. Koop sold 3,835 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $131.16, for a total value of $502,998.60. Following the transaction, the insider now directly owns 6,453 shares in the company, valued at approximately $846,375.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Boston Properties, Inc. (NYSE:BXP) opened at 133.11 on Tuesday. Boston Properties, Inc. has a 12-month low of $113.69 and a 12-month high of $144.02. The company’s 50 day moving average price is $134.05 and its 200-day moving average price is $129.78. The stock has a market cap of $20.48 billion, a price-to-earnings ratio of 40.83 and a beta of 0.62.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.04. Boston Properties had a net margin of 20.04% and a return on equity of 6.63%. The firm had revenue of $636.10 million for the quarter, compared to analyst estimates of $621.13 million. During the same quarter in the previous year, the business posted $1.28 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that Boston Properties, Inc. will post $2.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, March 31st will be issued a $0.75 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $3.00 dividend on an annualized basis and a yield of 2.25%. Boston Properties’s dividend payout ratio is currently 92.31%.
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Institutional investors have recently modified their holdings of the company. BlackRock Fund Advisors raised its position in shares of Boston Properties by 3.8% in the third quarter. BlackRock Fund Advisors now owns 4,803,044 shares of the company’s stock worth $654,607,000 after buying an additional 175,718 shares in the last quarter. Norges Bank purchased a new position in shares of Boston Properties during the fourth quarter worth approximately $562,408,000. JPMorgan Chase & Co. raised its position in shares of Boston Properties by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 3,849,342 shares of the company’s stock worth $524,627,000 after buying an additional 133,567 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Boston Properties by 5.7% in the third quarter. Principal Financial Group Inc. now owns 3,059,122 shares of the company’s stock worth $416,929,000 after buying an additional 163,916 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Boston Properties by 1.3% in the third quarter. Northern Trust Corp now owns 2,369,147 shares of the company’s stock worth $322,892,000 after buying an additional 30,830 shares in the last quarter. Hedge funds and other institutional investors own 94.57% of the company’s stock.
Several brokerages have issued reports on BXP. BMO Capital Markets reaffirmed a “buy” rating and set a $145.00 price objective on shares of Boston Properties in a report on Thursday, March 2nd. Jefferies Group LLC raised their price objective on Boston Properties from $113.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 17th. TheStreet raised Boston Properties from a “c+” rating to a “b” rating in a report on Tuesday, January 31st. Barclays PLC dropped their price objective on Boston Properties from $143.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, January 23rd. Finally, Zacks Investment Research raised Boston Properties from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $139.94.
About Boston Properties
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. The Company’s segments by geographic area are Boston, New York, San Francisco and Washington, DC. The Company conducts its operations through Boston Properties Limited Partnership.
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