BXP (NYSE:BXP) Issues Quarterly Earnings Results, Beats Expectations By $1.38 EPS

BXP (NYSE:BXP) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $1.38, Zacks reports. The firm had revenue of $895.70 million during the quarter, compared to the consensus estimate of $858.07 million. BXP had a return on equity of 4.13% and a net margin of 9.09%.The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 earnings per share. 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

BXP stock traded up $0.81 during trading on Tuesday, hitting $70.02. The company had a trading volume of 2,091,920 shares, compared to its average volume of 2,049,305. The firm has a market cap of $11.17 billion, a PE ratio of 35.18, a price-to-earnings-growth ratio of 2.98 and a beta of 1.01. BXP has a 1-year low of $49.72 and a 1-year high of $79.33. The firm has a 50-day moving average price of $65.41 and a 200-day moving average price of $61.05. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.07.

BXP Announces Dividend

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 dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.0%. BXP’s dividend payout ratio (DPR) is currently 140.70%.

Insiders Place Their Bets

In other BXP news, CFO Michael E. Labelle sold 26,113 shares of BXP stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $66.35, for a total value of $1,732,597.55. Following the transaction, the chief financial officer directly owned 5,839 shares in the company, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Peter V. Otteni sold 4,863 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total value of $287,208.78. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 33,176 shares of company stock valued at $2,151,552. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On BXP

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

Analysts Set New Price Targets

A number of analysts have weighed in on BXP shares. BMO Capital Markets reissued an “outperform” rating and set a $68.00 price objective on shares of BXP in a report on Tuesday, June 2nd. Weiss Ratings raised shares of BXP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. Wall Street Zen raised shares of BXP from a “sell” rating to a “hold” rating in a research report on Sunday. Citigroup decreased their price objective on shares of BXP from $68.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Finally, Cantor Fitzgerald dropped their price objective on BXP from $79.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $73.11.

BXP News Summary

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.

BXP Company Profile

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.