BXP (NYSE:BXP) Issues Earnings Results

BXP (NYSE:BXP) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $1.38, Zacks reports. BXP had a net margin of 9.09% and a return on equity of 4.13%. The business had revenue of $895.70 million during the quarter, compared to the consensus estimate of $858.07 million. During the same quarter last year, the firm posted $1.71 EPS. BXP’s revenue was up 3.1% compared to the same quarter last year. BXP updated its FY 2026 guidance to 6.990-7.050 EPS and its Q3 2026 guidance to 1.800-1.820 EPS.

BXP Stock Performance

Shares of NYSE:BXP traded up $0.81 during midday trading on Tuesday, reaching $70.02. The company had a trading volume of 2,091,920 shares, compared to its average volume of 1,203,094. The stock has a market cap of $11.17 billion, a P/E ratio of 10.18, a P/E/G ratio of 2.99 and a beta of 1.01. The company’s 50 day moving average price is $65.41 and its 200 day moving average price is $61.05. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 2.07. BXP has a 52-week low of $49.72 and a 52-week high of $79.33.

BXP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. BXP’s payout ratio is 140.70%.

Analyst Ratings Changes

A number of analysts have commented on the company. LADENBURG THALM/SH SH boosted their price objective on BXP from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Truist Financial lowered their price target on BXP from $70.00 to $64.00 and set a “hold” rating for the company in a research report on Tuesday, May 26th. Cantor Fitzgerald dropped their price objective on BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Barclays lifted their price objective on shares of BXP from $65.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Scotiabank upped their price objective on shares of BXP from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, BXP presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.11.

Insider Buying and Selling

In other BXP news, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total value of $1,732,597.55. Following the sale, the chief financial officer owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. The trade was a 81.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Peter V. Otteni sold 4,863 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total transaction of $287,208.78. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 33,176 shares of company stock worth $2,151,552. Insiders own 1.50% of the company’s stock.

Institutional Trading of BXP

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in BXP by 29.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,120 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 257 shares during the last quarter. First Trust Advisors LP raised its position in shares of BXP by 45.7% in the second quarter. First Trust Advisors LP now owns 40,369 shares of the real estate investment trust’s stock valued at $2,724,000 after purchasing an additional 12,660 shares during the period. Cresset Asset Management LLC raised its position in shares of BXP by 29.5% in the second quarter. Cresset Asset Management LLC now owns 9,181 shares of the real estate investment trust’s stock valued at $628,000 after purchasing an additional 2,089 shares during the period. Jump Financial LLC lifted its stake in shares of BXP by 276.0% during the 2nd quarter. Jump Financial LLC now owns 47,062 shares of the real estate investment trust’s stock valued at $3,175,000 after buying an additional 34,544 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of BXP by 99.3% during the 2nd quarter. Squarepoint Ops LLC now owns 112,591 shares of the real estate investment trust’s stock valued at $7,597,000 after buying an additional 56,104 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

Trending Headlines about BXP

Here are the key news stories impacting BXP this week:

• Positive Sentiment: Second-quarter diluted FFO was $1.78 per share, up from $1.71 a year earlier and above the Zacks consensus estimate of $1.71. FFO is a key valuation measure for REIT investors. Boston Properties Q2 FFO and Revenues Surpass Estimates
• Positive Sentiment: Revenue rose 3.1% year over year to $895.7 million, exceeding analyst estimates of $858.1 million. Reported EPS of $0.43 also topped the $0.40 consensus estimate. BXP Announces Second Quarter 2026 Results
• Positive Sentiment: BXP raised its fiscal 2026 EPS guidance to $6.99-$7.05, above the prior consensus estimate of $6.95. The company projected third-quarter EPS of $1.80-$1.82, broadly in line with expectations.
• Positive Sentiment: The company’s portfolio totaled 51.1 million square feet across 164 properties. In-service occupancy was 88.4%, with 91.3% of space leased, providing visibility into recurring rental revenue.
• Neutral Sentiment: Analysts maintained an overall “Moderate Buy” recommendation, suggesting constructive but not uniformly bullish sentiment toward the shares.
• Negative Sentiment: Net income attributable to BXP declined to $68.6 million from $101.6 million in the prior quarter, while the company’s 2.07 debt-to-equity ratio underscores its exposure to financing costs and interest-rate conditions.
• Negative Sentiment: Insiders reported eight sales and no purchases during the past six months. Institutional ownership was also mixed, with 204 investors adding shares but 332 reducing positions, a potential caution signal.

About BXP

Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.