Boston Properties Inc (BXP) Files Form 4 Insider Selling : Peter D Johnston Sells 5,416 Shares

Boston Properties Inc (BXP): Peter D Johnston , Executive Vice President of Boston Properties Inc sold 5,416 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $128.66 per share for a total value of $696,799.81 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Joel Klein (director) sold 910 shares at $126.28 per share price.On Jun 8, 2015, Raymond A Ritchey (Executive Vice President) sold 50,000 shares at $127.57 per share price.Also, On Jun 2, 2015, Martin Turchin (director) sold 1,003 shares at $131.51 per share price.On Jun 2, 2015, Michael E Labelle (SVP and CFO) sold 5,538 shares at $131.52 per share price.

Shares of Boston Properties (BXP) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.75 points or -0.58% at $128.23 with 6,38,611 shares getting traded. Post opening the session at $128.21, the shares hit an intraday low of $127.58 and an intraday high of $129.1 and the price vacillated in this range throughout the day. The company has a market cap of $19,698 M and the number of outstanding shares has been calculated to be 15,36,11,330 shares. The 52-week high of Boston Properties is $133.59 and the 52-week low is $94.91.

Boston Properties Money Flow Index Chart

Company has been under the radar of several Street Analysts.Boston Properties is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 151 from a previous price target of $145 .The Rating was issued on May 2, 2016.Boston Properties is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 140 from a previous price target of $130 .The Rating was issued on Apr 28, 2016.

Boston Properties Inc. is a fully integrated self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and developing office properties in the United States. The Company’s properties are concentrated in four markets: Boston New York San Francisco and Washington DC. The Company conducts all of its business through its subsidiary Boston Properties Limited Partnership. The Company considers office/technical properties to be properties that support office research and development laboratory and other technical uses. The Company is also engaged in providing resources in acquisitions development financing capital markets construction management property management marketing leasing accounting risk management tax and legal services.

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