BXP (NYSE:BXP) Posts Earnings Results, Beats Estimates By $0.03 EPS

BXP (NYSE:BXP) issued its earnings results on Tuesday. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03, FiscalAI reports. The business 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 revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.71 EPS. BXP updated its FY 2026 guidance to 6.990-7.050 EPS and its Q3 2026 guidance to 1.800-1.820 EPS.

BXP Trading Up 4.8%

Shares of NYSE BXP traded up $3.38 during mid-day trading on Wednesday, hitting $73.34. The stock had a trading volume of 296,326 shares, compared to its average volume of 2,036,303. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22. The business has a 50 day moving average price of $65.41 and a two-hundred day moving average price of $61.05. The firm has a market cap of $11.70 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 2.99 and a beta of 1.01. BXP has a 1 year low of $49.72 and a 1 year high of $79.33.

BXP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 3.8%. BXP’s dividend payout ratio (DPR) is currently 140.70%.

Insider Buying and Selling at BXP

In other BXP news, EVP Peter V. Otteni sold 4,863 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $59.06, for a total value of $287,208.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Eric G. Kevorkian sold 2,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $59.85, for a total transaction of $119,700.00. Following the completion of the sale, the senior vice president owned 311 shares of the company’s stock, valued at $18,613.35. This trade represents a 86.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 33,176 shares of company stock valued at $2,151,552. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its position in BXP by 5.2% during the 4th quarter. Invesco Ltd. now owns 4,101,236 shares of the real estate investment trust’s stock valued at $276,751,000 after purchasing an additional 204,258 shares during the last quarter. Boston Partners increased its position in BXP by 17.6% during the third quarter. Boston Partners now owns 3,538,351 shares of the real estate investment trust’s stock valued at $263,031,000 after acquiring an additional 529,158 shares during the last quarter. Northern Trust Corp lifted its stake in shares of BXP by 3.9% in the 3rd quarter. Northern Trust Corp now owns 3,411,777 shares of the real estate investment trust’s stock worth $253,632,000 after purchasing an additional 127,948 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of BXP by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,429,446 shares of the real estate investment trust’s stock worth $163,939,000 after acquiring an additional 98,124 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in BXP by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,292,578 shares of the real estate investment trust’s stock worth $154,713,000 after acquiring an additional 35,654 shares during the period. Institutional investors own 98.72% of the company’s stock.

Trending Headlines about BXP

Here are the key news stories impacting BXP this week:

• Positive Sentiment: Q2 results exceeded expectations. BXP reported $1.78 in diluted funds from operations (FFO) per share, above the $1.71 consensus and matching the year-ago result. Revenue rose 3.1% year over year to $895.7 million, surpassing the $858.1 million analyst estimate, while reported EPS of $0.43 also beat expectations of $0.40. BXP Q2 FFO and Revenues Surpass Estimates
• Positive Sentiment: Full-year guidance is above consensus. BXP set 2026 FFO guidance at $6.99-$7.05 per share versus the $6.95 analyst estimate. Leasing momentum, low near-term lease expirations and strong Boston occupancy were cited as factors supporting stable fundamentals. BXP Solid Q2
• Positive Sentiment: BXP secured a $1.2 billion construction loan for 343 Madison Avenue. The financing provides capital for the high-profile development and reduces near-term funding uncertainty around the project. BXP Secures $1.2 Billion Construction Loan
• Neutral Sentiment: Occupancy remains stable but has room to improve. In-service occupancy was 88.4%, while the leased rate was 91.3% across a 51.1-million-square-foot portfolio.
• Neutral Sentiment: Third-quarter guidance is broadly in line. BXP projected FFO of $1.80-$1.82 per share, compared with consensus of $1.82.
• Negative Sentiment: Leverage remains the key investor concern. BXP carries approximately $15.4 billion of debt and net debt-to-EBITDA of about 7.9 times, creating refinancing risk as debt matures. Reported net income also declined to $68.6 million from $101.6 million in the prior quarter. BXP Debt Concerns

Analyst Upgrades and Downgrades

BXP has been the subject of several recent analyst reports. Evercore set a $68.00 target price on BXP in a research report on Monday, July 6th. Wall Street Zen raised BXP from a “sell” rating to a “hold” rating in a report on Sunday. Deutsche Bank Aktiengesellschaft set a $61.00 price objective on shares of BXP in a research report on Wednesday, May 13th. Cantor Fitzgerald dropped their target price on shares of BXP from $79.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Finally, Piper Sandler boosted their price target on shares of BXP from $75.00 to $86.00 and gave the stock an “overweight” rating in a research note 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.11.

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.