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.
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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