BXP, Inc. (BXP) Stock Price & Analysis
BXP, Inc. (BXP) closed at USD 61.49 on Thursday, October 22, 2026, up 4.86% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 58.64; the Oct 22, 2026 session ranged USD 58.38–61.54 on volume of 1,639,215 shares. Market capitalization is $11.12B, with a 52-week range of USD 49.72–74.96 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:24 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BXP.md
Key facts (BXP)
- Last four reported quarters (through Jun 30, 2026): revenue $3.52B, net income $297M (8.4% margin), free cash flow $1.14B (SEC filings).
- Valuation: P/E 37.5x (avg 306.3x at the last 3 fiscal year-ends).
- 3 of 80 tracked superinvestors hold BXP (13F, Q2 2026): 0 new, 1 added, 2 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $2.2M; 3 not under a Rule 10b5-1 plan ($2.2M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.32 on a 1–5 scale) (22 analysts), mean target USD 73.3 (range 54–95).
- Total return with dividends: 1Y -12.7% vs S&P 500 +14.9%; 5Y -32.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 0.52, revenue estimate $894M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BXP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.89B | $3.11B | $3.27B | $3.41B | $3.48B | $3.52B |
| Gross profit | $1.81B | $1.93B | $2.00B | $2.04B | $2.06B | — |
| Net income | $505M | $849M | $190M | $14.3M | $277M | $297M |
| EPS (diluted) | $3.17 | $5.40 | $1.21 | $0.09 | $1.74 | — |
| Free cash flow | $982M | $1.11B | $1.13B | $1.04B | $1.03B | $1.14B |
| Gross margin | 62.8% | 62.1% | 61.1% | 59.9% | 59.1% | — |
| Net margin | 17.5% | 27.3% | 5.8% | 0.4% | 7.9% | 8.4% |
| Revenue growth | +4.4% | +7.6% | +5.3% | +4.1% | +2.2% | — |
| Cash + short-term investments | $453M | $690M | $1.53B | $1.25B | $1.48B | — |
| Total debt | $3.30B | — | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BXP)
P/E 37.5x · P/S 3.2x · P/FCF 9.7x · P/B 2.2x · FCF yield 10.26% · Earnings yield 2.67% · Dividend yield (paid, TTM) 4.90%
P/E at fiscal year-ends: Dec 2025 38.7x, Dec 2024 822.1x, Dec 2023 58.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (BXP)
3 of 80 tracked investors hold BXP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 1.05% | $628M | Added +1.3% |
| Sarah Ketterer | Causeway Capital Management | 0.27% | $25.1M | Reduced -0.6% |
| Christopher Davis | Davis Advisors | 0.07% | $15.4M | Reduced -2.2% |
Insider sales (SEC Form 4, open-market, last ~7 months) (BXP)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-09 | Labelle Michael E | EVP and CFO | 26,113 | $1.7M | 81.7% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-21…2026-05-22 | Kevorkian Eric G | SVP, CLO and Secretary | 2,200 | $132K | 87.6% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-05-20 | Otteni Peter V | Executive Vice President | 4,863 | $287K | 100% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (BXP)
Consensus Buy (mean 2.32 on a 1–5 scale), 22 analysts; mean target USD 73.3 (low 54, high 95).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Piper Sandler | Downgrade | Overweight → Neutral | $72 → $64 |
| 2026-10-12 | Piper Sandler | Target lowered | Overweight | $88 → $72 |
| 2026-09-21 | Evercore ISI Group | Target lowered | In-Line | $71 → $67 |
| 2026-09-17 | Scotiabank | Target lowered | Sector Outperform | $76 → $73 |
| 2026-09-09 | Truist Securities | Target raised | Hold | $64 → $68 |
| 2026-09-01 | Wells Fargo | Target raised | Overweight | $77 → $82 |
| 2026-08-27 | Piper Sandler | Target lowered | Overweight | $90 → $88 |
| 2026-08-25 | UBS | Target raised | Neutral | $61 → $70 |
| 2026-08-25 | JP Morgan | Target raised | Overweight | $79 → $87 |
| 2026-08-05 | Scotiabank | Target raised | Sector Outperform | $74 → $76 |
| 2026-08-04 | Citigroup | Target raised | Neutral | $58 → $69 |
| 2026-07-21 | Scotiabank | Target raised | Sector Outperform | $70 → $74 |
Total return (dividends reinvested) (BXP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -12.7% | -32.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -12.8% | -7.4% |
| Volatility (annualized) | 28.0% | 32.9% |
| Max drawdown | -30.3% (Oct 2025→Mar 2026) | -61.2% (Mar 2022→May 2023) |
BXP revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Parking and Other | $37.6M | 4.2% | +8.0% |
| Hotel | $14.9M | 1.7% | +0.9% |
| Management Service | $7.6M | 0.9% | -13.7% |
| Real Estate, Other | $3.9M | 0.4% | -4.9% |
| Total revenue | $895.7M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BXP suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Boston Properties | “We use NOI internally as a performance measure and believe it provides useful information to investors regarding our results of operations and financial condition because, when compared across periods, it reflects the impact on operations from trends in occupancy rates, rental rates, operating costs and acquisition and development activity on an unleveraged basis, providing perspective not immediately apparent fro…” |
| Partner | ExxonMobil (XOM) | “For example, in February 1999, we (through a joint venture) acquired from Exxon Corporation a property in Massachusetts that was formerly used as a petroleum bulk storage and distribution facility and was known by the state regulatory authority to contain soil and groundwater contamination.” |
| Partner | Linde (LIN) | “Thomas, Linde and LaBelle are important to our success is that each has a national reputation, which attracts business and investment opportunities and assists us in negotiations with lenders, joint venture partners and other investors.” |
| Partner | IXP | “We also currently carry nuclear, biological, chemical and radiological terrorism insurance coverage for acts of terrorism certified under the Federal Terrorism Risk Insurance Act (as amended, "TRIA") ("NBCR Coverage"), which is provided by IXP, LLC ("IXP") as a direct insurer, for the properties in our portfolio, including 767 Fifth Avenue, but excluding certain other properties owned in joint ventures with third …” |
Quoted from the company's 10-K filed Feb 27, 2026.
BXP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.52 | $0.50 | +4.5% | $894.3M | 3 |
| Next quarter (ends Dec 2026) | $0.56 | $0.54 | +3.8% | $903.9M | 3 |
| Current fiscal year (ends Dec 2026) | $2.09 | $2.01 | +3.8% | $3.59B | 2 |
| Next fiscal year (ends Dec 2027) | $2.09 | $2.05 | +1.8% | $3.67B | 4 |
Key Statistics (as of October 23, 2026 at 09:24 UTC)
| Price | USD 61.49 |
|---|---|
| Change | ▲ 4.86% (up) |
| Previous Close | USD 58.64 |
| Open | USD 58.23 |
| Day Range | USD 58.38 – 61.54 |
| 52-Week Range | USD 49.72 – 74.96 |
| Volume | 1,639,215 shares |
| Market Cap | $11.12B |
| Exchange | NYQ |
Technical Analysis (BXP)
Nexqual's technical model rates BXP "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:24 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 50.01 (neutral) |
| vs SMA50 | Below (USD 63.87) |
| MACD | -1.24 (negative) |
Analyst Ratings (BXP)
Wall Street analysts rate BXP "Buy" based on 22 analysts, with a mean price target of USD 73.3 (range USD 54–95), per Nexqual as of October 23, 2026 at 09:24 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 22 |
| Mean Target | USD 73.3 |
| High Target | USD 95 |
| Low Target | USD 54 |
| Buy / Hold / Sell | 11 / 11 / 0 |
Earnings (BXP)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 0.52 |
| Revenue Estimate | $894.30M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.5 vs est 0.43 ▲ beat |
| 2026-03-31 | USD 0.55 vs est 0.28 ▲ beat |
| 2025-12-31 | USD 0.68 vs est 0.51 ▲ beat |
| 2025-09-30 | USD -0.36 vs est 0.39 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Financials & Fundamentals (BXP)
| Total Revenue | $3.19B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +3.70% |
| Gross Margin | +56.45% |
| Operating Margin | +28.75% |
| Profit Margin | +9.30% |
| ROE | +5.31% |
| Debt / Equity | 2.12 |
| Current Ratio | 0.51 |
| Total Cash | $495.53M |
| Total Debt | $16.36B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $1.14B (32.4% of revenue) |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Financial Health Score (BXP)
Nexqual rates BXP, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:24 UTC.
| Growth | Mixed — Revenue +2.2% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 56%, operating 29% (last 12 months) |
| Balance Sheet | Critical — $496M cash vs $16.4B debt |
| Cash Flow | Strong — FCF $1.14B (last 4 quarters to Jun 2026, SEC), 32% margin |
| Efficiency | Mixed — ROE 5%, ROA 1.7% |
Ownership (BXP)
| Insider Ownership | +0.38% |
|---|---|
| Institutional Ownership | +113.45% |
| Shares Outstanding | 159.66M |
| Float | 158.22M |
| Short % of Float | +10.42% |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Leadership (BXP)
BXP, Inc. is led by Owen David Thomas, CEO & Chairman of the Board, per Nexqual as of October 23, 2026 at 09:24 UTC.
| CEO & Chairman of the Board | Owen David Thomas |
|---|---|
| President & Director | Douglas T. Linde |
| Executive VP, Treasurer & CFO | Michael E. LaBelle |
| Executive Vice President of Boston Region | Bryan J. Koop |
| Executive Vice President of New York Region | Hilary J. Spann |
Major Backers & Investors (BXP)
Notable institutional backers of BXP, Inc. include Cohen & Steers Inc., First Eagle Investment Management, LLC, Apg Asset Management US Inc., according to Nexqual as of October 23, 2026 at 09:24 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Cohen & Steers Inc. | 14.27% |
| First Eagle Investment Management, LLC | 5.93% |
| Apg Asset Management US Inc. | 4.53% |
| NORGES BANK | 4.06% |
| Invesco | 3.63% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 14.42% |
| BlackRock | 11.26% |
| State Street | 6.17% |
| Geode Capital | 2.75% |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
From BXP, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- During the year ended December 31, 2025, we commenced development/redevelopment of four properties, including 343 Madison Avenue in New York City, New York, aggregating approximately 1.9 million in estimated net rentable square feet when complete.
- Based on leases in place at December 31, 2025, leases with respect to approximately 2.6%, or approximately 1.2 million square feet, of the total square feet in our portfolio, including unconsolidated joint ventures but excluding Gateway Commons and North First Business Park, will expire in calendar year 2026. •Directly manage our office properties to maximize the potential for client retention.
- Investments in real estate mortgages run the risk that one or more borrowers may default under the mortgages and that the collateral securing such mortgages may not be sufficient to enable us to recoup our full investment.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in rent control or rent stabilization and eviction laws and regulations in our markets could have a material adverse effect on our residential portfolio's results of operations and residential property values.
- Compliance or failure to comply with the Americans with Disabilities Act or other safety regulations and requirements could result in substantial costs.
- We may be subject to adverse legislative or regulatory tax changes that could negatively impact our financial condition.
- Our involvement in legal proceedings and other claims may result in substantial monetary and other costs that have a material adverse effect on our results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ARE | Alexandria Real Estate Equities | USD 43.33 | ▲ 2.53% |
| VNO | Vornado Realty Trust | USD 34.34 | ▲ 4.41% |
| CUZ | Cousins Properties Incorporated | USD 28.67 | ▲ 3.39% |
| KRC | Kilroy Realty Corporation | USD 35.96 | ▲ 4.44% |
| CDP | COPT Defense Properties | USD 33.83 | ▲ 2.24% |
| SLG | SL Green Realty Corp | USD 49.19 | ▲ 5.38% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:24 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt