Stock Traders Buy High Volume of Call Options on Boston Properties (NYSE: BXP)

Boston Properties, Inc. (NYSE: BXP) was the target of unusually large option trades on Friday. Investors bought 2,429 call options on the stock. This is an increase of approximately 793% over the typical daily volume of 272 call options.

BXP traded up $ 0.17 in Friday’s session, reaching $ 110.66. 17,648 shares of the stock traded hands, compared to its average volume of 944,104. The stock has a market cap of $ 17.29 billion, a price / earnings ratio of 54.16, a price ratio of $ 17.29 billion. / earnings-growth of 3.00 and a beta of 1.16. Boston Properties has a minimum of $ 88.45 over 52 weeks and a maximum of $ 124.24 over 52 weeks. The company has a debt to equity ratio of 1.69, a current ratio of 5.83, and a quick ratio of 5.83. The stock’s 50-day simple moving average is $ 115.10 and its two-hundred-day simple moving average is $ 115.48.

Boston Properties (NYSE: BXP) last released its quarterly earnings data on Monday, October 25. The real estate investment trust reported earnings per share (EPS) of $ 0.69 for the quarter, missing analyst consensus estimates of $ 1.70 per ($ 1.01). The company posted revenue of $ 730.06 million for the quarter, compared to analysts’ estimates of $ 708.97 million. Boston Properties had a net margin of 11.71% and a return on equity of 4.08%. Boston Properties’ revenue for the quarter increased 5.3% year-on-year. During the same period of the previous year, the company posted EPS of $ 1.57. Research analysts expect Boston Properties to post earnings per share of 6.51 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 29. Investors of record on Thursday, September 30, received a dividend of $ 0.98 per share. The ex-dividend date was Wednesday, September 29. This represents a dividend of $ 3.92 on an annualized basis and a return of 3.54%. Boston Properties’ payout ratio is 192.16%.

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Meanwhile, Senior Vice President Frank D. Burt sold 2,116 shares of the company in a transaction that took place on Monday, November 15. The stock was sold for an average price of $ 118.89, for a total value of $ 251,571.24. The transaction has been disclosed in a legal file with the SEC, which is available through this link. In addition, Chairman Douglas T. Linde sold 34,476 shares of Boston Properties in a transaction on Tuesday, November 23. The shares were sold for an average price of $ 118.58, for a total value of $ 4,088,164.08. Disclosure of this sale can be found here. In the past three months, insiders have sold 40,701 shares of the company valued at $ 4,825,789. Company insiders own 1.10% of the company’s shares.

Institutional investors and hedge funds have recently increased or reduced their holdings in the stock. FFT Wealth Management LLC acquired a new equity interest in Boston Properties in the second quarter valued at approximately $ 28,000. Evoke Wealth LLC increased its stake in Boston Properties shares by 221.7% in the third quarter. Evoke Wealth LLC now owns 267 real estate investment trust shares worth $ 29,000 after purchasing an additional 184 shares during the period. FinTrust Capital Advisors LLC purchased a new position in Boston Properties during the second quarter valued at approximately $ 34,000. NEXT Financial Group Inc increased its stake in Boston Properties by 177.3% during the third quarter. NEXT Financial Group Inc now owns 416 real estate investment trust shares valued at $ 45,000 after acquiring an additional 266 shares during the period. Finally, Crédit Agricole SA increased its stake in Boston Properties by 159.9% during the second quarter. Crédit Agricole SA now holds 408 SICAV shares valued at $ 47,000 after having acquired 251 additional shares during the period. 88.89% of the shares are held by hedge funds and other institutional investors.

Several brokerage firms have recently published reports on BXP. Piper Sandler raised her price target on Boston Properties from $ 135 to $ 140.00 and gave the company an “overweight” rating in a research report published on Wednesday, September 1. Robert W. Baird reaffirmed a “buy” rating and posted a target price of $ 134.00 on Boston Properties shares in a report released Thursday, August 5. Finally, Barclays began covering Boston properties in a report on Wednesday, September 1. They issued an “overweight” rating and a target price of $ 134.00 for the stock. Two research analysts rated the stock with a sell rating, six assigned a conservation rating, and four issued a buy rating for the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $ 119.07.

Boston Properties Company Profile

Boston Properties, Inc. operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The Company operates through the following geographic locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H.

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