Is Wall Street Bullish or Bearish on BXP Stock?

Is Wall Street Bullish or Bearish on BXP Stock?

Mon, August 24, 2026 at 2:58 PM GMT+3 3 min read

With a market cap of $10.8 billion, BXP, Inc. (BXP) is one of the largest publicly traded REIT owners, developers, and managers of premium workplaces in the United States. Boston, Massachusetts-based, the company focuses on high-quality office, life sciences, retail, residential, and mixed-use properties in six major gateway markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, D.C.

BXP has been stuck in the slow lane while the broader market races ahead. BXP stock has gained 1.9% over the past year, while the broader S&P 500 Index ($SPX) has rallied 20.5%. Moreover, shares of the company are up marginally on a YTD basis, compared to SPX's 12.1% rise.

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And the comparison with its real estate peers doesn't offer much relief. BXP has also lagged the State Street Real Estate Select Sector SPDR ETF's (XLRE) 8.2% gain over the past 52 weeks and 11.7% rally in 2026.

On July 28, BXP reported its FY2026 Q2 results, and its shares rose 1.1% before further rising 4.3% in the following trading session as investors cheered a better-than-expected quarter. Revenue increased 3.1% year over year to $895.70 million, while funds from operations rose to $283.41 million, or $1.78 per share, from $271.65 million, or $1.71 per share, in the prior-year quarter. Notably, the result beat the midpoint of management's guidance by $0.08 per share, helped by higher occupancy-driven revenue and lower-than-expected operating expenses.

The company signed 106 leases covering approximately 1.80 million square feet, an impressive 129% above its 10-year second-quarter average, while portfolio occupancy rose 100 basis points sequentially to 88.4%. Encouraged by the improving fundamentals, management raised the midpoint of its full-year 2026 FFO outlook by $0.05 per share, projecting $6.99 to $7.05 per share.

For the fiscal year ending in December 2026, analysts expect BXP's FFO per share to decrease 99.3% year over year to $7.03. The company's earnings surprise history is mixed. It beat the consensus estimates in three of the last four quarters while missing on another occasion.

Among the 23 analysts covering the stock, the consensus rating is a "Moderate Buy." That's based on 11 "Strong Buy" ratings and 12 "Holds."

The configuration is bullish than three months ago when the stock had 10 "Strong Buy" suggestions.

On Aug. 13, Deutsche Bank's Peter Abramowitz maintained a "Hold" rating on BXP, signaling a cautious stance on the office REIT, while setting a $70 price target on the shares.

The mean price target of $74.26 represents a 9.7% premium to BXP's current price levels. The Street-high price target of $90 suggests a 33% potential upside.

On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com