Headlands Technologies LLC Acquires 1,978 Shares of Boston Properties, Inc. (NYSE:BXP)

Headlands Technologies LLC grew its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 1,198.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,143 shares of the real estate investment trust’s stock after buying an additional 1,978 shares during the period. Headlands Technologies LLC’s holdings in Boston Properties were worth $132,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BXP. Principal Securities Inc. bought a new stake in shares of Boston Properties during the 4th quarter valued at $93,000. Jump Financial LLC bought a new position in Boston Properties in the 4th quarter worth about $337,000. Envestnet Portfolio Solutions Inc. boosted its stake in Boston Properties by 9.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,433 shares of the real estate investment trust’s stock worth $732,000 after purchasing an additional 935 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Boston Properties by 100.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,977 shares of the real estate investment trust’s stock worth $840,000 after purchasing an additional 6,011 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in Boston Properties by 435.9% in the 4th quarter. Manchester Capital Management LLC now owns 418 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 340 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Insider Buying and Selling at Boston Properties

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

Boston Properties Trading Up 1.8 %

Boston Properties 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 firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 65.62, a P/E/G ratio of 0.35 and a beta of 1.18. Boston Properties, Inc. has a 12-month low of $50.64 and a 12-month high of $80.58. 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 (NYSE:BXP) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($1.21). The firm had revenue of $850.48 million during the quarter, compared to analysts’ expectations of $819.49 million. Boston Properties had a return on equity of 2.05% and a net margin of 5.01%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 earnings per share. As a group, research analysts predict that Boston Properties, Inc. will post 7.11 earnings per share for the current year.

Boston Properties Announces Dividend

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

Analyst Ratings Changes

BXP has been the topic of a number of analyst reports. Evercore ISI upped their price target on shares of Boston Properties from $76.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Scotiabank upped their target price on shares of Boston Properties from $76.00 to $82.00 and gave the company a “sector outperform” rating in a research note on Wednesday, September 11th. Truist Financial upped their target price on shares of Boston Properties from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Morgan Stanley restated an “equal weight” rating and set a $62.00 target price on shares of Boston Properties in a research note on Thursday, June 20th. Finally, StockNews.com upgraded shares of Boston Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Boston Properties presently has an average rating of “Hold” and a consensus target price of $73.54.

Boston Properties Profile

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.