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BXP

BEARISH
$57.73 Live
BXP, Inc. · NYSE
Target $70.05 (+21.3%)
$49.72 52W Range $79.33

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 25, 2026
Market cap
$9.16B
P/E
33.18
ROE
4.9%
Profit margin
8.8%
Debt/Equity
2.26
Dividend yield
5.34%

AI Analysis

AI-powered fundamental assessment

Confidence
85%
BXP exhibits a stable but fragile financial health with a Piotroski F-Score of 4/9, while valuation metrics suggest the stock is significantly overpriced. The current price of $57.73 trades at a steep premium to the Graham Number ($35.65) and the Intrinsic Value ($12.18). Severe revenue contraction (-31.90% YoY) and an unsustainable dividend payout ratio of 193.10% indicate a high risk of capital erosion or dividend cuts. Despite bullish analyst targets, the deterministic data and bearish insider activity point toward a value trap.

Key Strengths

Portfolio concentrated in premier 'gateway' markets (NYC, DC, Boston, etc.)
Strong gross margins (56.44%) reflecting high-quality asset base
Recent positive Q/Q EPS growth surprise (+533.3%)
High analyst conviction with a 'Buy' consensus and $70.05 target
Maintains a significant market presence as a leading office REIT

Key Risks

Unsustainable dividend payout ratio (193.10%) suggesting an imminent cut
Severe YoY revenue decline of -31.90% due to structural shifts in office demand
High Debt/Equity ratio (2.26) combined with a Current Ratio below 1.0 (0.92)
Significant asset impairments ($85.8M and $145.1M) noted in latest 10-K
Structural headwinds from remote work and AI-driven workforce reductions
AI Fair Value Estimate
Based on comprehensive analysis
$32.5
-43.7% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall
30
Weak
Value
30
Future
20
Past
40
Health
45
Dividend
15
AI Verdict
High Risk / Overvalued
Key drivers: Revenue collapse, Dividend insolvency, Price-to-Value gap
Confidence
90%
Value
30/100

Ref P/E 33.18, Graham Number $35.65

Positives
  • P/E is lower than the sector average of 39.51
Watchpoints
  • Price is 62% above Graham Number
  • Price is 375% above Intrinsic Value
  • High PEG ratio (2.24)
Future
20/100

Ref Growth rates

Positives
  • Slight Q/Q revenue growth (2.16%)
Watchpoints
  • Catastrophic YoY revenue growth (-31.90%)
  • Structural decline in office REIT sector
Past
40/100

Ref Historical trends

Positives
  • 3Y change is positive (+35.8%)
Watchpoints
  • 5Y change is negative (-30.4%)
  • Recent 6M trend is sharply bearish (-20.3%)
Health
45/100

Ref Piotroski F-Score 4/9

Positives
  • Piotroski F-Score of 4/9 indicates stability
Watchpoints
  • Current Ratio < 1.0 (0.92)
  • High leverage (Debt/Equity 2.26)
  • Recent long-lived asset impairments
Dividend
15/100

Ref Yield 5.34%, Payout 193.10%

Positives
  • Attractive nominal yield (5.34%)
Watchpoints
  • Payout ratio of 193.10% is fundamentally unsustainable

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price
$57.73
Analyst Target
$70.05
Upside/Downside
+21.3%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for BXP and closest competitors.

Updated 2026-04-24
BXP
BXP, Inc.
Primary
5Y
-30.4%
3Y
+35.8%
1Y
-8.3%
6M
-20.3%
1M
+10.8%
1W
-0.6%
AGN
AGNC Investment Corp.
Peer
5Y
+47.6%
3Y
+44.5%
1Y
+6.7%
6M
+3.8%
1M
-0.8%
1W
-0.4%
AGN
AGNC Investment Corp.
Peer
5Y
+55.3%
3Y
+40.2%
1Y
+7.3%
6M
+3.6%
1M
-0.6%
1W
+0.0%
AHR
American Healthcare REIT, Inc.
Peer
5Y
+278.7%
3Y
+278.7%
1Y
+65.4%
6M
+25.2%
1M
-4.0%
1W
-3.7%
LIN
Lineage, Inc.
Peer
5Y
-53.9%
3Y
-53.9%
1Y
-30.4%
6M
-10.3%
1M
-10.9%
1W
+4.2%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

P/E Ratio
33.18
Forward P/E
27.69
PEG Ratio
2.24
P/B Ratio
1.78
P/S Ratio
2.91
EV/Revenue
8.75
EV/EBITDA
17.12
Market Cap
$9.16B

Profitability

Profit margins and return metrics

Profit Margin 8.78%
Operating Margin -6.59%
Gross Margin 56.44%
ROE 4.92%
ROA 1.67%

Growth

Revenue and earnings growth rates

Revenue Growth -31.9%
Earnings Growth N/A
Q/Q Revenue Growth +2.16%
Q/Q Earnings Growth N/A

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity
2.26
High debt
Current Ratio
0.92
Weak
Quick Ratio
0.86
Poor
Cash/Share
$9.32

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue
$0.9B
Gross Margin
60.2%
Op. Margin
29.0%
Net Margin
28.3%
Total Assets
$26.2B
Liabilities
$18.5B
Equity
$5.2B
Debt/Equity
3.58x
Operating CF
$0.4B
Free Cash Flow
$0.4B
FCF Yield
100%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-04-28
$N/A
2026-01-27
$1.56
+413.4% surprise
2025-10-28
$-0.36
-194.0% surprise
2025-07-29
$0.56
+33.6% surprise

Real Estate Sector Comparison

Comparing BXP against 126 companies in the Real Estate sector (5 bullish, 21 neutral, 100 bearish)
P/E Ratio
33.18
This Stock
vs
40.77
Sector Avg
-18.6% (Discount)
Return on Equity (ROE)
4.92%
This Stock
vs
-45.9%
Sector Avg
-110.7% (Below Avg)
Profit Margin
8.78%
This Stock
vs
9.14%
Sector Avg
-3.9% (Weaker)
Debt to Equity
2.26
This Stock
vs
2.79
Sector Avg
-18.9% (Lower)
Revenue Growth
-31.9%
This Stock
vs
22108.13%
Sector Avg
-100.1% (Slower)
Current Ratio
0.92
This Stock
vs
9.68
Sector Avg
-90.5% (Weaker)

Similar Companies

Peer comparison within the same industry

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

SPANN HILARY J.
Officer
Sell
2026-02-27
5,495 shares · $327,997
SPANN HILARY J.
Officer
Stock Award
2026-02-25
5,495 shares
THOMAS OWEN D
Chief Executive Officer
Sell
2026-02-13
1,198 shares · $73,341
SPANN HILARY J.
Officer
Sell
2026-02-05
1,194 shares · $75,592
SPANN HILARY J.
Officer
Stock Award
2026-01-30
12,757 shares
RITCHEY RAYMOND A
Officer
Sell
2025-12-01
36,314 shares · $2,621,134
RITCHEY RAYMOND A
Officer
Stock Award
2025-11-26
36,314 shares
OTTENI PETER V
Officer
Sell
2025-11-25
4,136 shares · $300,470
OTTENI PETER V
Officer
Stock Award
2025-11-17
4,136 shares
STROMAN JOHN J
Officer
Sell
2025-11-12
16,838 shares · $1,215,239
LABELLE MICHAEL E.
Chief Financial Officer
Sell
2025-11-07
13,422 shares · $970,952
KEVORKIAN ERIC G
Officer
Gift
2025-11-06
100 shares
Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

DEF 14A
DEF 14A
2026-04-10

Boston Properties, Inc. (BXP) filed a definitive proxy statement on April 10, 2026, providing shareholders with necessary information and voting materials for its annual meeting.

8-K
8-K
2026-03-06

Boston Properties (BXP) filed an 8-K on March 6, 2026, likely to announce its fourth-quarter and full-year financial results.

10-K
10-K
2026-02-27

BXP is a leading office REIT with a portfolio of 179 commercial properties totaling approximately 52.6 million net rentable square feet across six major US gateway markets. The company faces significant concentration risk, as its revenue is heavily dependent on the economic conditions and demand for premier workplace space in Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. Economic downturns in these specific markets could adversely affect performance through reduced demand and lower rental rates.

8-K
8-K
2026-01-28

BXP likely reported its fourth-quarter and full-year financial results for the fiscal year ending December 31, 2025.

8-K
8-K
2025-12-22

Boston Properties (BXP) filed an 8-K on December 22, 2025, likely to announce a quarterly dividend distribution or a year-end corporate update.

10-Q
10-Q
2025-11-07

BXP filed its quarterly 10-Q report on November 7, 2025. The filing includes a dedicated section for risk factors under Item 1A, although specific financial highlights and risk details were not provided in the available excerpts.

8-K
8-K
2025-10-28

Boston Properties (BXP) likely announced its third-quarter 2025 financial results.

8-K
8-K
2025-09-29

Boston Properties (BXP) filed a current report on September 29, 2025, likely announcing its third-quarter financial results or a dividend declaration.

10-Q
10-Q
2025-08-06

BXP filed its quarterly 10-Q report on August 6, 2025. While specific financial highlights were not provided in the excerpt, the filing includes a dedicated section on risk factors beginning on page 93.

8-K
8-K
2025-07-30

Boston Properties (BXP) filed an 8-K on July 30, 2025, likely to announce its second-quarter financial results.

8-K
8-K
2025-05-20
10-Q
10-Q
2025-05-06
8-K
8-K
2025-04-29
8-K
8-K
2025-04-23
DEF 14A
DEF 14A
2025-04-09
Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus
BUY
20 analysts
Citigroup
2026-04-15
Maintains
Neutral Neutral
Evercore ISI Group
2026-04-02
Maintains
In-Line In-Line
JP Morgan
2026-04-01
Maintains
Overweight Overweight
Piper Sandler
2026-04-01
Maintains
Overweight Overweight
Scotiabank
2026-03-02
Maintains
Sector Perform Sector Perform
Barclays
2026-02-26
Maintains
Overweight Overweight
Mizuho
2026-02-24
down
Outperform Neutral
Citigroup
2026-02-03
Maintains
Neutral Neutral
Truist Securities
2026-02-02
Maintains
Hold Hold
Cantor Fitzgerald
2026-01-29
reit
Overweight Overweight

Past News Coverage

Recent headlines mentioning BXP from our newsroom.

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