Streetbeat News

BXP

Boston Properties, Inc.

https://www.bostonproperties.com

Industry

REIT - Office

Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Company's portfolio totals 51.2 million square feet and 196 properties, including six properties under construction/redevelopment.

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In the past three months, analysts have shown varied sentiments towards BXP, with most being indifferent. The average 12-month price target for BXP has increased by 3.23% to $70.4. Analysts have adjusted their ratings and price targets, reflecting their evolving perceptions of BXP's market position. BXP's financial performance is strong, with notable revenue growth and profitability, but it carries a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 6:01 pm

Truist Securities has maintained a Hold rating on BXP while raising its price target from $67 to $77, indicating a more optimistic outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 5:19 pm

BXP's short interest has decreased by 6.82%, with 6.94 million shares sold short, representing 6.01% of its float. This is lower than its peers' average short interest of 8.90%. The decrease in short interest may indicate a more bullish sentiment towards BXP.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 8:30 pm

BXP has announced the sale of $850 million of 5.750% senior unsecured notes due 2035 in a public offering. This move is likely aimed at raising capital for future projects or refinancing existing debt.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 9:30 pm

Scotiabank analyst Nicholas Yulico maintains a Sector Outperform rating on BXP (NYSE:BXP) and raises the price target from $74 to $76.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:35 pm

Analysts have mixed views on BXP (NYSE:BXP) with recent ratings showing a neutral stance. The average 12-month price target is $66.0, slightly down from $66.50. Key analysts have adjusted their ratings and price targets, reflecting varied expectations. BXP's financial performance shows strong revenue growth, net margin, ROE, and ROA, but high debt-to-equity ratio indicates potential financial strain.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 7:01 pm

Wedbush analyst Richard Anderson maintains a Neutral rating on BXP (NYSE:BXP) and raises the price target from $63 to $70.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 6:24 pm

BXP announced that global engineering firm Bechtel signed a lease for approximately 289,000 square feet at Reston Overlook in Reston Town Center, Reston, Virginia.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:09 am

BXP announced it signed approximately 1.3 million square feet of leases in Q2 2024 with an average lease term of 9 years, bringing total leasing activity for 2024 to around 2.2 million square feet.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:05 am

BXP has provided updated guidance for Q3 2024 and FY 2024. The company expects Q3 EPS to be between $0.54 and $0.56, and FFO to be between $1.80 and $1.82 per diluted share. For FY 2024, BXP anticipates EPS of $2.08 to $2.14 and FFO of $7.09 to $7.15 per diluted share. This represents an increase from previous guidance due to lower non-cash interest expenses and higher contributions from portfolio operations.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:48 pm

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