Boston Properties, Inc. (BXP) Insider Bryan J. Koop Sells 5,616 Shares

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Boston Properties, Inc. (NYSE:BXP) insider Bryan J. Koop sold 5,616 shares of Boston Properties stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $133.95, for a total value of $752,263.20. Following the completion of the sale, the insider now directly owns 10,175 shares in the company, valued at approximately $1,362,941.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NYSE:BXP traded down $1.53 during trading on Friday, hitting $133.18. 11,000 shares of the company were exchanged, compared to its average volume of 555,160. The firm has a market capitalization of $20.82 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 3.07 and a beta of 0.93. Boston Properties, Inc. has a fifty-two week low of $107.84 and a fifty-two week high of $140.35. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 1.38.

Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.06. The firm had revenue of $725.80 million for the quarter, compared to analyst estimates of $703.16 million. Boston Properties had a return on equity of 6.31% and a net margin of 18.15%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.49 EPS. As a group, analysts anticipate that Boston Properties, Inc. will post 6.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Thursday, March 28th. Boston Properties’s dividend payout ratio (DPR) is 60.32%.

Large investors have recently bought and sold shares of the business. Rational Advisors LLC boosted its stake in shares of Boston Properties by 66.4% during the 1st quarter. Rational Advisors LLC now owns 203 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 81 shares during the period. JOYN Advisors Inc. boosted its stake in shares of Boston Properties by 63.3% during the 4th quarter. JOYN Advisors Inc. now owns 276 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 107 shares during the period. Bogart Wealth LLC bought a new position in shares of Boston Properties during the 4th quarter worth approximately $33,000. Flagship Harbor Advisors LLC boosted its stake in shares of Boston Properties by 200.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 300 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 200 shares during the period. Finally, Loeb Partners Corp bought a new position in shares of Boston Properties during the 4th quarter worth approximately $33,000. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Boston Properties from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Deutsche Bank lifted their target price on Boston Properties from $134.00 to $138.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. Evercore ISI raised Boston Properties from an “in-line” rating to an “outperform” rating and set a $131.51 target price on the stock in a research report on Monday, March 25th. ValuEngine lowered Boston Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, Morgan Stanley lowered Boston Properties from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $130.00 to $116.00 in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $136.71.

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Boston Properties Company Profile

Boston Properties (NYSE: BXP) is one of the largest publicly-held developers and owners of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space.

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