Boston Properties (BXP) seems to be positioned in a mixed market, but the stock has been witnessing robust growth, hitting a
52-week high at $83.92. The NYSE-listed company has been following the office
flight to quality, with numerous leasing activities taking place in its properties and a
25% YoY increase in leasing activity in the Q3. However, there is news of a
Large Increase in Short Interest and a
reclassification of its Reston Town Center property from suburban to central business district. Their
Q3 2024 earnings met estimates, while Q2 performance exceeded expectations. Though Q2 saw a slight fall in occupancy, BXP has marked remarkable leasing of
1.3 Million Square Feet in Q2 2024. BXP is changing focus to a national level, with a name change and advancement towards innovative transportation in partnership with
Mass Mobility Hub. However, a
lawsuit from Thermo Fisher's Brammer Bio over Kendall construction and a
credit rating downgrade by Moody's are concerning factors.
Boston Properties BXP News Analytics from Thu, 29 Jul 2021 07:00:00 GMT to Wed, 04 Dec 2024 08:17:12 GMT -
Rating 8
- Innovation 1
- Information 7
- Rumor -1
