Headlands Technologies LLC Increases Stock Position in Boston Properties, Inc. (NYSE:BXP)

Headlands Technologies LLC grew its position in Boston Properties, Inc. (NYSE:BXP) by 1,198.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,143 shares of the real estate investment trust’s stock after purchasing an additional 1,978 shares during the period. Headlands Technologies LLC’s holdings in Boston Properties were worth $132,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its holdings in shares of Boston Properties by 0.3% in the second quarter. Daiwa Securities Group Inc. now owns 63,629 shares of the real estate investment trust’s stock valued at $3,917,000 after purchasing an additional 175 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of Boston Properties by 4.2% in the second quarter. Royal London Asset Management Ltd. now owns 79,324 shares of the real estate investment trust’s stock valued at $4,883,000 after purchasing an additional 3,226 shares during the last quarter. Choreo LLC purchased a new stake in shares of Boston Properties in the second quarter valued at about $226,000. Acadian Asset Management LLC raised its holdings in shares of Boston Properties by 70.1% in the second quarter. Acadian Asset Management LLC now owns 30,959 shares of the real estate investment trust’s stock valued at $1,905,000 after purchasing an additional 12,763 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC increased its holdings in Boston Properties by 7.5% during the second quarter. Sustainable Insight Capital Management LLC now owns 4,300 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Boston Properties Price Performance

BXP stock opened at $80.06 on Monday. The firm has a 50 day moving average of $70.41 and a 200-day moving average of $64.81. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 1.90. Boston Properties, Inc. has a 12 month low of $50.64 and a 12 month high of $80.58. The firm has a market capitalization of $12.57 billion, a P/E ratio of 65.62, a price-to-earnings-growth ratio of 0.35 and a beta of 1.18.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.21). Boston Properties had a net margin of 5.01% and a return on equity of 2.05%. The firm had revenue of $850.48 million during the quarter, compared to the consensus estimate of $819.49 million. During the same quarter last year, the business posted $1.86 earnings per share. Boston Properties’s revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Boston Properties, Inc. will post 7.11 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.92 annualized dividend and a yield of 4.90%. Boston Properties’s payout ratio is presently 321.31%.

Insider Buying and Selling at Boston Properties

In other Boston Properties news, EVP Peter V. Otteni sold 4,785 shares of Boston Properties stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $73.44, for a total transaction of $351,410.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Raymond A. Ritchey sold 21,835 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $74.25, for a total value of $1,621,248.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peter V. Otteni sold 4,785 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $73.44, for a total transaction of $351,410.40. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BXP. Barclays decreased their price objective on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. Morgan Stanley restated an “equal weight” rating and set a $62.00 price objective on shares of Boston Properties in a report on Thursday, June 20th. Piper Sandler raised their price objective on shares of Boston Properties from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Scotiabank raised their price objective on shares of Boston Properties from $76.00 to $82.00 and gave the stock a “sector outperform” rating in a report on Wednesday, September 11th. Finally, Truist Financial raised their price objective on shares of Boston Properties from $67.00 to $77.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.54.

About Boston Properties

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.