Insider Selling: Douglas T. Linde Unloads 20,000 Shares of Boston Properties Stock (BXP)
Boston Properties (NYSE:BXP) President Douglas T. Linde sold 20,000 shares of Boston Properties stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $117.24, for a total transaction of $2,344,800.00. Following the completion of the transaction, the president now directly owns 175,709 shares in the company, valued at approximately $20,600,123. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Boston Properties (NYSE:BXP) traded up 1.47% on Wednesday, hitting $118.775. 249,527 shares of the company’s stock traded hands. Boston Properties has a one year low of $98.04 and a one year high of $118.98. The stock’s 50-day moving average is $115.8 and its 200-day moving average is $108.0. The company has a market cap of $18.175 billion and a price-to-earnings ratio of 23.94.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.24 by $0.04. On average, analysts predict that Boston Properties will post $5.30 earnings per share for the current fiscal year.
A number of research firms have recently commented on BXP. Analysts at RBC Capital raised their price target on shares of Boston Properties from $115.00 to $125.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Argus raised their price target on shares of Boston Properties from $120.00 to $126.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Boston Properties from $110.00 to $115.00 in a research note on Thursday, May 1st. They now have an “in-line” rating on the stock. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $110.86.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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