Insider Selling: Boston Properties, Inc. (NYSE:BXP) EVP Sells $145,445.41 in Stock

Boston Properties, Inc. (NYSE:BXP) EVP Donna D. Garesche sold 2,143 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $67.87, for a total transaction of $145,445.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Boston Properties Stock Up 3.5 %

Shares of BXP stock opened at $69.01 on Monday. Boston Properties, Inc. has a 12 month low of $56.46 and a 12 month high of $90.11. The stock has a market cap of $10.92 billion, a P/E ratio of 690.18, a P/E/G ratio of 0.91 and a beta of 1.19. The company has a current ratio of 5.69, a quick ratio of 5.51 and a debt-to-equity ratio of 2.09. The company has a 50 day simple moving average of $71.27 and a two-hundred day simple moving average of $76.99.

Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Boston Properties, Inc. will post 6.91 earnings per share for the current year.

Boston Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Tuesday, December 31st were paid a $0.98 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.68%. Boston Properties’s dividend payout ratio (DPR) is presently 3,920.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BXP. Wedbush downgraded shares of Boston Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 30th. Jefferies Financial Group dropped their target price on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and increased their price objective for the company from $80.00 to $88.00 in a research report on Thursday, November 14th. Mizuho lowered their price objective on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Boston Properties from $88.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Boston Properties presently has an average rating of “Hold” and a consensus price target of $82.08.

Institutional Trading of Boston Properties

Hedge funds and other institutional investors have recently modified their holdings of the company. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Boston Properties by 12.5% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 170,504 shares of the real estate investment trust’s stock worth $12,679,000 after purchasing an additional 18,900 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Boston Properties by 15.7% in the third quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock worth $3,966,000 after purchasing an additional 6,687 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Boston Properties by 1.7% in the fourth quarter. Van ECK Associates Corp now owns 70,444 shares of the real estate investment trust’s stock worth $5,238,000 after purchasing an additional 1,169 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of Boston Properties by 5,025.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 603 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Boston Properties by 1.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,731 shares of the real estate investment trust’s stock worth $650,000 after purchasing an additional 156 shares in the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

About Boston Properties

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.