Connor Clark & Lunn Investment Management Ltd. Buys New Holdings in Boston Properties, Inc. (NYSE:BXP)

Posted by Defense World Staff on Aug 20th, 2023

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Boston Properties, Inc. (NYSE:BXP – Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 78,265 shares of the real estate investment trust’s stock, valued at approximately $4,236,000.

A number of other institutional investors also recently bought and sold shares of BXP. Norges Bank acquired a new position in shares of Boston Properties in the 4th quarter valued at about $857,967,000. Moneta Group Investment Advisors LLC lifted its holdings in Boston Properties by 107,870.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,991,255 shares of the real estate investment trust’s stock valued at $404,889,000 after acquiring an additional 5,985,706 shares during the period. Principal Financial Group Inc. boosted its position in Boston Properties by 801.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,923,077 shares of the real estate investment trust’s stock worth $104,077,000 after purchasing an additional 1,709,663 shares in the last quarter. Senvest Management LLC grew its stake in shares of Boston Properties by 958.2% during the 4th quarter. Senvest Management LLC now owns 1,307,061 shares of the real estate investment trust’s stock worth $88,331,000 after purchasing an additional 1,183,544 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Boston Properties by 527.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,150,133 shares of the real estate investment trust’s stock worth $77,726,000 after purchasing an additional 966,887 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Boston Properties Stock Up 0.4 %

NYSE BXP opened at $63.30 on Friday. The business has a fifty day moving average price of $61.15 and a 200 day moving average price of $58.25. The company has a debt-to-equity ratio of 1.90, a quick ratio of 5.76 and a current ratio of 5.76. The company has a market cap of $9.93 billion, a P/E ratio of 14.96, a P/E/G ratio of 5.48 and a beta of 1.14. Boston Properties, Inc. has a one year low of $46.18 and a one year high of $87.61.

Boston Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date was Thursday, June 29th. Boston Properties’s dividend payout ratio (DPR) is 92.67%.

Analyst Ratings Changes

A number of analysts recently issued reports on BXP shares. Truist Financial lowered their price target on shares of Boston Properties from $86.00 to $75.00 in a report on Thursday, July 6th. Morgan Stanley reissued an “equal weight” rating and set a $52.00 target price on shares of Boston Properties in a research note on Wednesday, July 19th. Evercore ISI lifted their price target on Boston Properties from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday. Wells Fargo & Company increased their price target on Boston Properties from $64.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 9th. Finally, Barclays boosted their price objective on Boston Properties from $57.00 to $58.00 in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Boston Properties currently has an average rating of “Hold” and an average price target of $72.05.

Get Our Latest Stock Analysis on Boston Properties

Insider Transactions at Boston Properties

In other Boston Properties news, Director Carol B. Einiger acquired 10,000 shares of the business’s stock in a transaction on Friday, May 26th. The stock was bought at an average price of $47.41 per share, for a total transaction of $474,100.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $474,100. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.22% of the company’s stock.

About Boston Properties

(Free Report)

BXP (NYSE: BXP) 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.