Boston Properties
About: BXP Inc. owns over 180 properties consisting of approximately 53 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.
Employees: 836
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
67% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 5 (+2) [Q3]
26% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 66
20% more repeat investments, than reductions
Existing positions increased: 224 | Existing positions reduced: 186
18% more capital invested
Capital invested by funds: $10.2B [Q2] → $12.1B (+$1.87B) [Q3]
3% more funds holding
Funds holding: 556 [Q2] → 573 (+17) [Q3]
7% less call options, than puts
Call options by funds: $97.6M | Put options by funds: $104M
10.29% less ownership
Funds ownership: 105.63% [Q2] → 95.34% (-10.29%) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$80
8%
upside
Avg. target
$88
19%
upside
High target
$105
42%
upside
6 analyst ratings
2 positive
33%
4 neutral
67%
0 negative
0%
Truist Securities Michael Lewis 67% 1-year accuracy 26 / 39 met price target | 12%upside $83 | Hold Maintained | 4 Dec 2024 |
Barclays Anthony Powell 50% 1-year accuracy 15 / 30 met price target | 20%upside $89 | Equal-Weight Maintained | 18 Nov 2024 |
Compass Point Floris Van Dijkum 80% 1-year accuracy 16 / 20 met price target | 19%upside $88 | Buy Upgraded | 14 Nov 2024 |
Scotiabank Nicholas Yulico 47% 1-year accuracy 17 / 36 met price target | 15%upside $85 | Sector Perform Downgraded | 7 Nov 2024 |
UBS Michael Goldsmith 29% 1-year accuracy 4 / 14 met price target | 8%upside $80 | Neutral Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 10 articles about BXP published over the past 30 days
Positive
Seeking Alpha
1 week ago
BXP: A Hidden Gem In Office Space Revival
I recommend buying Boston Properties due to its strong portfolio, solid financials, and potential for growth as office demand rebounds and interest rates decline. BXP's diverse tenant base, including major companies like Google and Microsoft, ensures stable rent collection and reduces concentration risk. The REIT's active development pipeline in life sciences, residential, and retail properties adds growth potential and diversification away from office properties.
Negative
Seeking Alpha
1 week ago
Powell Plays Grinch
U.S. equity markets tumbled this week while benchmark interest rates jumped to six-month highs after the Fed cut rates for a third-straight meeting but indicated a less-dovish outlook for 2025. Reflecting concern over stubbornly sticky inflation and buoyant economic growth, the FOMC's updated Economic Projections indicate just two rate cuts in 2025, down from four in the prior forecast. Posting its worst week since November, the S&P 500 dipped 2.2%. The Dow shed roughly 1,000 points, while the Small-Cap 600 and the Mid-Cap 400 each tumbled by nearly 5%.
Positive
Zacks Investment Research
1 week ago
BXP Witnesses Strong Leasing Momentum, Gets Renewal From Ropes & Gray
BXP secures a lease renewal with Ropes & Gray at the Prudential Tower in Boston, MA, emblematic of continued client confidence in the office REIT.
Neutral
Business Wire
1 week ago
Boston's Largest Law Firm Ropes & Gray Signs 413,000 Square Foot Renewal at BXP's Prudential Tower
BOSTON--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it signed an approximately 413,000 square foot long-term lease renewal with Ropes & Gray at the Prudential Tower in Boston, Massachusetts. The renewal extends the lease through 2041. Ropes & Gray is Boston's largest law firm and has occupied a prominent position in the Boston legal marketplace since the firm's founding 160 y.
Neutral
Business Wire
1 week ago
BXP Declares Regular Quarterly Dividend
BOSTON--(BUSINESS WIRE)--BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.98 per share of common stock for the period October 1, 2024 to December 31, 2024, payable on January 30, 2025 to shareholders of record as of the close of business on December 31, 2024. BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner,.
Negative
Seeking Alpha
2 weeks ago
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office REITs reported quarter-over-quarter declines during the third quarter, while eight recorded gains. US office REIT stocks outperformed the Dow Jones Equity All REIT Index during the third quarter as well as the S&P 500.
Positive
Seeking Alpha
2 weeks ago
Cash COWs And Buried Treasures: 2024 Performance Review
About a year ago, I published two proposed portfolios: Cash COWs, (high-yield and strong dividend safety), and Buried Treasures, (undervalued, high-yielding, with strong balance sheets and growth). The Cash COWs portfolio, selected for high yield and dividend safety, delivered a 6.91% cash yield with no dividend cuts, outperforming the VNQ by 242 bps. Despite not matching the S&P 500 or NASDAQ, Cash COWs performed well against the Dow Jones, S&P 400, and S&P 600 indices.
Positive
Zacks Investment Research
3 weeks ago
Here's Why You Should Retain BXP Stock in Your Portfolio Now
BXP is set to gain from a premium office portfolio, diverse tenant base, healthy balance sheet and strong lab asset demand. A flexible working environment ails.
Positive
Seeking Alpha
3 weeks ago
11 Ultra SWAN Bargains That Could Thrive As The Market Soars To Record Highs
The S&P is up 27% in 2024, including a 5.5% rally in November. The Euphoria index is at record highs, indicating investor sentiment is extremely bullish. While 2025 is likely to see much larger volatility, there are still many excellent blue-chip opportunities to buy for a potentially significant 2025. Here are 11 Ultra Sleep Well At Night quality companies that are 45% undervalued, growing at 18%, with an 85% average fundamentally justified return potential in 2025.
Positive
Seeking Alpha
3 weeks ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
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