Insider Selling: Peter D. Johnston Unloads 4,386 Shares of Boston Properties Stock (BXP)
Boston Properties (NYSE:BXP) SVP Peter D. Johnston unloaded 4,386 shares of Boston Properties stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $116.65, for a total transaction of $511,626.90. Following the completion of the transaction, the senior vice president now directly owns 24,738 shares of the company’s stock, valued at approximately $2,885,688. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on BXP. Analysts at Zacks reiterated a “neutral” rating on shares of Boston Properties in a research note on Thursday. They now have a $123.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Boston Properties from $118.00 to $119.00 in a research note on Friday, May 30th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Boston Properties in a research note on Friday, May 16th. They now have a $120.00 price target on the stock, down previously from $121.00. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $111.14.
Shares of Boston Properties (NYSE:BXP) traded down 0.69% during mid-day trading on Monday, hitting $116.00. 878,766 shares of the company’s stock traded hands. Boston Properties has a 1-year low of $98.04 and a 1-year high of $122.40. The stock’s 50-day moving average is $118.9 and its 200-day moving average is $111.0. The company has a market cap of $17.753 billion and a P/E ratio of 23.89.
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 $5.28 earnings per share for the current fiscal year.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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