Boston Properties, Inc. (NYSE:BXP) EVP Donna D. Garesche Sells 2,143 Shares

Boston Properties, Inc. (NYSE:BXP) EVP Donna D. Garesche sold 2,143 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $67.87, for a total transaction of $145,445.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Boston Properties Trading Up 3.5 %

Boston Properties stock opened at $69.01 on Friday. The firm’s 50-day moving average is $71.27 and its 200-day moving average is $76.89. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. Boston Properties, Inc. has a 1 year low of $56.46 and a 1 year high of $90.11. The company has a market cap of $10.92 billion, a P/E ratio of 690.18, a PEG ratio of 0.91 and a beta of 1.19.

Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, beating the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. On average, equities 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 disclosed a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Tuesday, December 31st were given a $0.98 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.92 annualized dividend and a yield of 5.68%. Boston Properties’s dividend payout ratio is presently 3,920.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BXP. Jefferies Financial Group lowered their price target on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Scotiabank lowered their price target on shares of Boston Properties from $85.00 to $83.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Barclays raised their price objective on shares of Boston Properties from $88.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Truist Financial raised their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Compass Point raised shares of Boston Properties from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $88.00 in a report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $82.08.

Institutional Trading of Boston Properties

Several hedge funds have recently bought and sold shares of the company. Deutsche Bank AG increased its stake in Boston Properties by 30.6% during the 4th quarter. Deutsche Bank AG now owns 949,603 shares of the real estate investment trust’s stock valued at $70,612,000 after buying an additional 222,284 shares during the period. Raymond James Financial Inc. acquired a new position in Boston Properties during the 4th quarter valued at about $8,994,000. Wealthfront Advisers LLC increased its stake in Boston Properties by 198.9% during the 4th quarter. Wealthfront Advisers LLC now owns 149,156 shares of the real estate investment trust’s stock valued at $11,091,000 after buying an additional 99,248 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its stake in Boston Properties by 12.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock valued at $12,679,000 after buying an additional 18,900 shares during the period. Finally, Whittier Trust Co. increased its stake in Boston Properties by 3.5% during the 4th quarter. Whittier Trust Co. now owns 306,783 shares of the real estate investment trust’s stock valued at $22,812,000 after buying an additional 10,429 shares during the period. 98.72% of the stock is currently owned by institutional investors.

Boston Properties Company Profile

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.