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Donna D. Garesche, Executive Vice President and Chief Human Resources Officer at BXP, Inc. (NYSE:BXP), recently sold 2,143 shares of the company’s common stock. The transaction took place on March 5, 2025, with a sale price of approximately $67.87 per share, amounting to a total value of $145,453. Following this transaction, Garesche no longer holds any shares in the company. The sale occurred as BXP’s stock has fallen significantly over the past three months, according to InvestingPro data.
BXP, a leading real estate investment trust with a market capitalization of $11.78 billion, is headquartered in Boston, Massachusetts. The company stands out with its 28-year track record of consistent dividend payments, currently offering a 5.88% yield. This transaction is part of the regular reporting requirements for company insiders, providing transparency to investors about executive stock activities. InvestingPro analysis reveals 5 additional key insights about BXP’s financial health and market position in its comprehensive Pro Research Report, available to subscribers.
In other recent news, Boston Properties (BXP) reported its fourth-quarter earnings for 2024, revealing an earnings per share (EPS) of -$1.45, significantly missing market expectations of $0.48. However, the company’s revenue surpassed projections, reaching $858.6 million against a forecast of $836.85 million. This development comes as BXP announced a joint venture for a new residential project in Jersey City, New Jersey, which will include 670 market-rate residential units. The venture involves CrossHarbor Capital and the Albanese Organization, with BXP contributing $65 million in preferred equity.
Meanwhile, KeyBanc analyst Upal Rana maintained a Sector Weight rating on Boston Properties, noting that while occupancy rates are expected to decline initially, they could stabilize in the latter half of 2025 with new leasing activity. The analyst highlighted the company’s development pipeline expansion and the potential risks if leasing does not keep pace. Despite the earnings miss, Boston Properties reported a 4% increase in annual revenue, with its portfolio occupancy improving to 87.5% and strong leasing activity noted. These recent developments reflect BXP’s strategic focus on development and leasing activities as it navigates the office real estate sector’s challenges and opportunities.
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