BXP (NYSE:BXP) Issues FY 2026 Earnings Guidance

BXP (NYSE:BXP) updated its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 6.990-7.050 for the period, compared to the consensus estimate of 6.950. The company issued revenue guidance of -. BXP also updated its Q3 2026 guidance to 1.800-1.820 EPS.

Analyst Upgrades and Downgrades

BXP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $61.00 target price on shares of BXP in a research note on Wednesday, May 13th. UBS Group restated a “neutral” rating on shares of BXP in a report on Wednesday. Piper Sandler boosted their target price on shares of BXP from $75.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Citigroup dropped their price objective on BXP from $68.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. Finally, Scotiabank lifted their price objective on BXP from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.11.

BXP Trading Up 5.6%

Shares of NYSE:BXP traded up $3.90 during trading on Wednesday, reaching $73.86. 880,499 shares of the stock were exchanged, compared to its average volume of 2,039,951. BXP has a 12-month low of $49.72 and a 12-month high of $79.33. The firm’s 50-day moving average price is $65.41 and its 200 day moving average price is $61.05. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 2.99 and a beta of 1.01. The company has a debt-to-equity ratio of 2.07, a quick ratio of 4.22 and a current ratio of 4.22.

BXP (NYSE:BXP) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $895.70 million for the quarter, compared to analyst estimates of $858.07 million. BXP had a return on equity of 4.13% and a net margin of 9.09%.BXP’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.71 EPS. BXP has set its FY 2026 guidance at 6.990-7.050 EPS and its Q3 2026 guidance at 1.800-1.820 EPS. On average, sell-side analysts anticipate that BXP will post 6.96 earnings per share for the current fiscal year.

BXP Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Peter V. Otteni sold 4,863 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael E. Labelle sold 26,113 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $66.35, for a total transaction of $1,732,597.55. Following the transaction, the chief financial officer owned 5,839 shares of the company’s stock, valued at approximately $387,417.65. This trade represents a 81.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In 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.

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

Institutional Trading of BXP

Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in BXP during the fourth quarter valued at approximately $532,000. Compound Planning Inc. boosted its stake in BXP by 6.8% during the 4th quarter. Compound Planning Inc. now owns 3,978 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 253 shares during the period. Invesco Ltd. grew its holdings in BXP by 5.2% in 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 buying an additional 204,258 shares during the last quarter. Corient Private Wealth LLC increased its position in BXP by 22.3% in the 4th quarter. Corient Private Wealth LLC now owns 41,223 shares of the real estate investment trust’s stock worth $2,549,000 after buying an additional 7,511 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of BXP by 2.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 36,138 shares of the real estate investment trust’s stock worth $2,439,000 after buying an additional 783 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

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.