Boston Properties Inc (BXP) Files Form 4 Insider Selling : Joel Klein Sells 910 Shares

Boston Properties Inc (BXP): Joel Klein , director of Boston Properties Inc sold 910 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $126.28 per share for a total value of $114,914.26 , 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.

Boston Properties: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Boston Properties which led to swings in the share price. The shares opened for trading at $125.2 and hit $127.19 on the upside , eventually ending the session at $127.11, with a gain of 1.18% or 1.48 points. The heightened volatility saw the trading volume jump to 7,32,079 shares. The 52-week high of the share price is $133.59 and the company has a market cap of $19,526 M . The 52-week low of the share price is at $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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