Boston Properties (BXP)

• Market cap: $10.1B
• 1 day: -2.13%
• 5 days: -2.37%
• 1 month: -5.15%
• 3 months: -11.98%
• 6 months: -22.98%
• Year to date: -13.53%
• 1 year: 2.97%
• 5 years: -34.42%
• 10 years: -51.83%
• Sector: Real Estate
• Industry: Office REIT

About: BXP Inc. owns over 180 properties consisting of approximately 53 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.

Employees: 836

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

61% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 57

20% more funds holding in top 10

Funds holding in top 10: 5 [Q3] → 6 (+1) [Q4]

16% more repeat investments, than reductions

Existing positions increased: 227 | Existing positions reduced: 195

8.92% more ownership

Funds ownership: 92.33% [Q3] → 101.25% (+8.92%) [Q4]

4% more funds holding

Funds holding: 576 [Q3] → 601 (+25) [Q4]

2% more capital invested

Capital invested by funds: $11.7B [Q3] → $11.9B (+$181M) [Q4]

23% less call options, than puts

Call options by funds: $78.9M | Put options by funds: $103M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $78 22% upside
• Avg. target: $81 27% upside
• High target: $85 33% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Piper Sandler Alexander Goldfarb 33% 1-year accuracy 13 / 40 met price target	33% upside $85	Overweight Maintained	15 Apr 2025
Jefferies Peter Abramowitz 13% 1-year accuracy 2 / 16 met price target	22% upside $78	Buy Initiated	17 Mar 2025
Barclays Anthony Powell 39% 1-year accuracy 7 / 18 met price target	24% upside $79	Equal-Weight Maintained	14 Mar 2025
Scotiabank Nicholas Yulico 37% 1-year accuracy 16 / 43 met price target	30% upside $83	Sector Perform Maintained	28 Feb 2025
Wells Fargo Blaine Heck 19% 1-year accuracy 3 / 16 met price target	26% upside $80	Overweight Maintained	10 Feb 2025