Boston Properties Inc. (BXP) has been dynamically involved in the market recently. Several major banks and investment firms such as
Wells Fargo & Company MN, Hsbc Holdings PLC, Franklin Resources Inc., and
Evoke Wealth LLC have been actively buying and increasing their holdings of BXP shares. There has also been some divestments as well, with the likes of
Commerce Bank, Corient Private Wealth LLC, US Bancorp DE, contributing to the stock's underperformance against competitors on certain days. Despite mixed analytics, BXP's
Q4 FFO & Revenue topped estimates, and its leasing remained robust. The company has also made some aggressive moves into the Life Sciences real estate sector, and reportedly has sold a
45% interest in Kendall Square Life Sciences Properties. Meanwhile, Boston Properties has reported that it expects a
lowered view for 2024 and had trimmed its profit forecast amid rising rates. Nevertheless, it remains bullish in the office real estate sector with extensive renovations and buy-outs.
Boston Properties BXP News Analytics from Wed, 02 Aug 2023 07:00:00 GMT to Sun, 02 Jun 2024 11:50:11 GMT -
Rating -1
- Innovation 5
- Information 8
- Rumor -2
