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BXP·BXP, Inc.

$57.89
-2.10 (-3.50%)
High
$59.86
Open
$59.43
Market Cap
9.55B
52W High
$75.80
Low
$57.66
P. Close
$57.89
P/E
32.19
52W Low
$49.72
Fwd P/E
28.76
DailyIQ Est.
$75.64
Inst. Ownership
49.2%
Short Interest
7.85%
Days to Cover
7.5
Div. Yield
4.67%
Next Ex-Div
~Dec 31
Technical Score (1D)
18
BEARISH
News Sentiment
64
BULLISH
On Oct 13, BXP reported that its 46‑story office tower at 343 Madison Avenue had reached the podium level, a key construction milestone for the $2 billion project. The same day the company noted that law firm McDermott Will & Schulte and insurer Starr had signed leases, indicating strong tenant demand for the space. BXP said the tower was 50 % pre‑leased as of July and is slated for completion in 2029. The development is positioned in Midtown Manhattan, where low availability rates underscore the demand for the type of office space BXP is building. The milestone and lease activity were highlighted as positive indicators for the project’s prospects.
LOW TARGET
$60 +3.6%
2 analysts
MEAN TARGET
$74 +28.4%
16 analysts
HIGH TARGET
$91 +57.2%
9 analysts
PRICE RANGE
$60.00 - $91.00
SB / B / H / S / SS
4/10/11/1/1
DAILYIQ EST.
$75.64 (+30.7%)
Sector
Real Estate
Industry
REIT - Office
Exchange
NYQ
Country
United States
Website
Symbol
BXP
Description
BXP, Inc. is a leading real estate investment trust (REIT) focused on owning, developing, and managing high-quality office properties across the United States. The company's core strategy centers on premier workplaces located within six key gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. With over 55 years of experience, BXP provides spaces designed to foster innovation and growth for its clients and the surrounding communities. As of late 2025, BXP's expansive portfolio included 187 properties, encompassing approximately 54.6 million square feet, with several additional projects currently in development or redevelopment. This fully integrated approach allows BXP to maintain a strong competitive position in the commercial real estate sector.
Bought (1Y)
0 shares
$0
Sold (1Y)
33,176 shares
$2.2M
KIPP MARY E-
Award/Grant450.01 shares2026-09-30
LUSTIG MATTHEW J-
Award/Grant490.92 shares2026-09-30
WALTON WILLIAM H III-
Award/Grant388.64 shares2026-09-30
DUNCAN BRUCE W-
Award/Grant572.74 shares2026-09-30
Richardson Julie-
Award/Grant409.1 shares2026-09-30
67/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Gross Margin
59.1%
Net Margin
7.9%
Revenue CAGR
4.9%
Debt / Equity
0.79x
Return on Equity
5.4%
Earnings Summary
BXP, Inc. is a leading real‑estate investment trust specializing in high‑quality office properties across six major U.S. gateway markets, including Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. As a REIT in the office sector, BXP focuses on premier workplaces that support innovation and growth for tenants. Recent quarterly performance shows a mixed pattern: Q4 2024 EPS of $0.71 beat the $0.44 estimate, Q1 2025 EPS of $0.40 exceeded the $0.33 estimate, and Q2 2025 EPS of $0.56 outpaced the $0.42 estimate; however, Q3 2025 EPS turned negative at $-0.36 versus an estimate of $0.39, and Q4 2025 EPS surged to $1.76 against a $0.28 estimate, while revenue fell from $809 m to $809 m. Revenue growth has been volatile, with Q1 2026 revenue of $818 m slightly below the $852 m estimate, indicating pressure on top line. Historically, BXP has delivered strong earnings beats in most quarters, with a notable miss in Q3 2025, and has maintained revenue growth in the face of market contraction. Recent news reports that BXP is expected to release fiscal Q3 2026 earnings on Oct 27, with a forecast of $1.80 per share in funds from operations, a 3.5% increase from the prior quarter, and a projected 99.3% decline in total FFO year‑over‑year, highlighting long‑term revenue pressure. The firm’s ability to navigate market shifts while maintaining profitability will be critical for future valuation.

EPS

EstBeatMiss
$-0.68$0.01$0.70$1.39$2.08Q1'25Q2'25Q3'25Q4'25Q1'26Q3'26
QtrEstActual+/−
Q3'26$0.52 - -
Q1'26$0.34$1.59+369.9%
Q4'25$0.28$1.76+528.6%
Q3'25$0.39$-0.36-194.0%
Q2'25$0.42$0.56+33.6%
Q1'25$0.33$0.40+22.5%

Revenue

EstBeatMiss
$795M$826M$857M$888M$919MQ1'25Q2'25Q3'25Q4'25Q1'26Q3'26
QtrEstActual+/−
Q3'26$905M - -
Q1'26$853M$818M-4.1%
Q4'25$852M$809M-5.0%
Q3'25 - $872M -
Q2'25 - $868M -
Q1'25 - $865M -

Market Data

BXP Stock Snapshot

BEARISH18/100
$57.89−$2.10 (3.5%)
Market cap
9.55B
P/E ratio
32.2
Day range
$57.66 – $59.86
News sentiment
64/100 · Bullish
Analyst target
$74.30 (+28.3%)
Consensus
Hold · 27 analysts
52-week range+16.4% off low · -23.6% from high
$49.72$75.80
Price $57.89 DailyIQ Est. $75.64

Momentum has rolled over on BXP, Inc., which is what drives the bearish read. Company-specific news dominates here; sector-level flows matter less than for larger names.

Behaviour On Record

What BXP's own history says about today's numbers

Realized volatility (21d)
18.1% 31st pct
Below its peak
-59.3%
vs 200-day average
-4.1%
Up days (1y)
49%

BXP, Inc. is currently running 18.1% annualised volatility over the last 21 sessions. Measured against BXP's own 13 years of daily returns rather than a market-wide average, that is the 31st percentile — on the quiet side for this stock, against a typical reading of 23.5%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

BXP is trading -59.3% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -20.9%, and the deepest was -51.7% in 2020. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits -4.1% from its 200-day moving average. Against every other day in its history, that gap ranks at the 32nd percentile — close to the gap it normally carries. Over the past year BXP closed higher on 49% of sessions, and it is currently 2 sessions into a rising streak.

On October specifically: over 13 years of records, BXP finished the month higher 5 of 13 times, with a median return of -0.6% and an average of -1.7%. Its strongest month historically has been November at +3.8% on average, its weakest March at -3.2%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: BXP has opened more than 2% away from the prior close in 127 of 3,267 sessions (3.9% of the time), with the largest gaps running +7.6% and -9.0%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,268 daily closes between 2013-10-15 and 2026-10-13, split-adjusted, recomputed daily. Percentiles are against BXP's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of BXP's sector?

BXP, Inc. sits in the Real Estate sector, currently ranked 11th of 12 GICS sectors by relative-strength rotation score (improving).

Sector rank
#11 of 12
Sector state
Improving
Sector rotation score
45

Options Market

What is the options market pricing for BXP?

CallsPuts

For BXP, Inc.'s nearest expiry (2026-10-16, 2 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.69), with at-the-money implied volatility around 44.5%. The options market is pricing roughly a ±3.4% move by that expiry — a range of about $56.08–$59.98.

Put/call ratio (2026-10-16)
0.69
ATM implied volatility
44.5%
Total open interest
8,122
Expected move by 2026-10-16
±3.4% ($56.08–$59.98)

Analyst Rating Changes

Are analysts turning bullish or bearish on BXP?

Piper Sandler most recently reiterated its rating on BXP, Inc. to Overweight on Oct 12, 2026 with a price target of $72 (from $88). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
Piper Sandler — Overweight
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Oct 12, 2026Piper SandlerMaintainedOverweight$88 → $72
Sep 21, 2026Evercore ISI GroupMaintainedIn-Line$71 → $67
Sep 17, 2026ScotiabankMaintainedSector Outperform$76 → $73
Sep 9, 2026Truist SecuritiesMaintainedHold$64 → $68
Sep 1, 2026Wells FargoMaintainedOverweight$77 → $82
Aug 27, 2026Piper SandlerMaintainedOverweight$90 → $88
Aug 25, 2026UBSMaintainedNeutral$61 → $70
Aug 25, 2026JP MorganMaintainedOverweight$79 → $87
Aug 5, 2026ScotiabankMaintainedSector Outperform$74 → $76
Aug 4, 2026CitigroupMaintainedNeutral$58 → $69
Jul 21, 2026ScotiabankMaintainedSector Outperform$70 → $74
Jul 21, 2026Piper SandlerMaintainedOverweight$75 → $86

Peers & ETF holders

BXP peers & ETF holders

News Sentiment Analysis

Sentiment gathered from recent headlines

64/100
Strong NegativeNeutralStrong Positive
MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
BXP’s 46‑story office tower at 343 Madison Avenue reached the podium level in October 2023, marking a significant construction milestone. The project, valued at $2 billion, has secured leases from law firm McDermott Will & Schulte and insurer Starr, with rents reported near $200 per square foot. The development is 50 % pre‑leased as of July, and the tower’s completion is slated for 2029. Midtown Manhattan’s low availability rates underscore strong demand for the type of space BXP is building, supporting the project’s prospects.
What did this article say?
Piper Sandler reduced its price target for BXP from $88 to $72 on October 12, citing concerns over the company’s earnings outlook and rising operating costs. The downgrade reflects a reassessment of BXP’s valuation multiples amid a broader market slowdown in the real estate sector. Analysts noted that the new target implies a significant upside potential for investors, but also highlights risks from higher debt servicing and uncertain rental demand.
What did this article say?
Piper Sandler analyst Alexander Goldfarb lowered its price target for BXP from $88 to $72 while keeping an Overweight rating. The downgrade reflects concerns about the company’s earnings outlook and market conditions. The move signals a material negative shift in the firm’s valuation expectations.
What did this article say?
Jefferies reduced its price target for BXP from $78 to $66, reflecting a downgrade in the broker’s outlook. The cut was based on concerns over the company’s earnings outlook and competitive pressures in the office‑real‑estate market. The new target suggests a more cautious view of BXP’s future growth prospects. This downgrade may influence investor sentiment and trading activity. The decision underscores the broader challenges facing the commercial‑real‑estate sector.
What did this article say?
BXP is preparing to release its third‑quarter 2026 earnings. Analysts project a single‑digit year‑over‑year increase in profitability. The forecast suggests modest upside for the company’s earnings trajectory. No significant operational changes or new contracts were disclosed. The outlook reflects a cautious but positive view of BXP’s financial performance.
What did this article say?
Evercore ISI reduced its price target for BXP from $67 to $65 while keeping an overweight rating. The adjustment reflects a modest downgrade in earnings expectations for the real‑estate investment trust. The change signals a slight negative outlook for the company’s valuation, though the overall rating remains positive.
What did this article say?
JPMorgan reduced its price target for BXP from $87 to $81 while keeping an overweight rating. The downgrade reflects a reassessment of the company’s valuation relative to peers. The move signals a modest negative outlook for BXP’s stock performance.
What did this article say?
BXP and JLL were announced as key partners by the San Francisco Recovery Fund to oversee the development, leasing, and marketing of the 1.5‑million‑square‑foot Fifty at First office tower. The project, slated for First and Mission streets, will become the city’s second‑tallest building upon completion. BXP will act as a consultant across all phases, while JLL will serve as the exclusive office leasing agent, leveraging their strong track record in high‑rise projects.
What did this article say?
BXP, the largest publicly traded developer and manager of premier workplaces, announced that it would release its third‑quarter 2026 financial results on October 27, 2026. The company will host a conference call and webcast the following day to discuss the results and provide an update. Investors can register for the call and access a replay for up to twelve months. The announcement is a routine disclosure with no immediate impact on the company’s outlook.

Technical Analysis

Real-time indicators across multiple timeframes

18
BEARISH
Momentum rank against about 1,000 stocks and ETFs for this timeframe.
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Institutional & Hedge Fund Ownership
25 tracked managers · $5.20B combined position · 13 adding, 11 trimming, 1 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
Vanguard Group Inc▼ Sell24,031,29315.09%$1.62B2026-01-29
BlackRock, Inc.▲ Buy17,981,43011.29%$1.19B2026-08-07
Norges Bank▼ Sell6,481,3264.07%$429.78M2026-08-12
Invesco Ltd.▼ Sell5,799,4163.64%$384.56M2026-08-14
Geode Capital Management, LLC▲ Buy4,395,8532.76%$291.01M2026-08-12
Morgan Stanley▲ Buy2,985,0331.87%$197.94M2026-08-13
Bank of America Corp▲ Buy2,812,1041.77%$186.47M2026-08-14
Northern Trust Corp▲ Buy2,561,8701.61%$169.88M2026-08-13
Citadel Advisors LLC▼ Sell1,934,6411.21%$128.29M2026-09-02
Prudential Financial Inc▲ Buy1,815,5121.14%$120.39M2026-08-12
JPMorgan Chase & Co▼ Sell1,504,3690.94%$101.35M2026-08-12
Goldman Sachs Group Inc▼ Sell1,454,2450.91%$96.43M2026-08-14
AQR Capital Management LLC▲ Buy1,229,7730.77%$81.40M2026-08-14
Millennium Management LLC▲ Buy721,6880.45%$47.86M2026-08-14
Gotham Asset Management, LLC▲ Buy423,9390.27%$28.11M2026-08-14
Wells Fargo & Company▲ Buy369,3550.23%$24.49M2026-08-14
Fisher Asset Management, LLC▼ Sell321,2520.20%$21.30M2026-08-04
Citigroup Inc▼ Sell262,6150.16%$17.41M2026-08-03
Davis Selected Advisers▼ Sell232,0500.15%$15.39M2026-08-11
AllianceBernstein L.P.▲ Buy245,9170.15%$12.76M2026-08-14
Adage Capital Partners GP, L.L.C.▼ Sell165,5430.10%$10.98M2026-08-14
Apollo Management Holdings, L.P.• Hold140,4100.09%$9.31M2026-08-14
Squarepoint Ops LLC▲ Buy93,7190.06%$6.21M2026-08-14
FMR LLC (Fidelity)▼ Sell83,0410.05%$5.51M2026-08-13
Janus Henderson Group plc▲ Buy69,9070.04%$3.63M2026-05-18
Q2 2026 flow:5.10M sh bought ($337.62M)9.74M sh sold ($648.87M)net -4.64M sh (−$311.24M)
Congressional Trading Activity
5 disclosed trades · ~$40.0K est. traded value · 3 buys, 2 sells
MemberChamberStateTypeAmountTradedFiled
Alan ArmstrongSenateOK▲ Buy$1K - $15K2026-03-272026-07-21
Julia LetlowHouseLA05▼ Sell$1K - $15K2026-02-202026-03-12
Gilbert CisnerosHouseCA31▼ Sell$1K - $15K2025-12-192026-01-12
Gilbert CisnerosHouseCA31▲ Buy$1K - $15K2025-11-182025-12-15
Julia LetlowHouseLA05▲ Buy$1K - $15K2024-10-232026-01-13