Boston Properties, Inc. (BXP) witnessed a 6.6% increase in short interest in January. Also, the company's recent Q4 earnings conveyed mixed results. BXP's completion of a significant acquisition in D.C. and its inside trades were noted. Furthermore, BXP's office Real Estate Investment Trust (REIT) stock sees a mixed outlook in a SWOT analysis, and Piper Sandler analysts cut BXP's price target to $100. Q4 Funds From Operations (FFO) met estimates, but there is insider selling, and the company was downgraded to a 'Strong Sell' by Wedbush who also forecast weaker earnings. The $850 million offering of Senior Unsecured Notes was successfully priced. For future projects, BXP collaborates with partner companies and is securing financing. It has also released FY 2025 Earnings Guidance. A significant deal is the $1.4 billion development project near Hudson Yards with partners Moinian and BRP. Strategic partnerships include one with Mass Mobility Hub for innovative transportation. BXP is also dealing with leasing occupancy challenges, and due to rising construction costs, some projects are on hold.
Boston Properties BXP News Analytics from Thu, 29 Jul 2021 07:00:00 GMT to Fri, 07 Feb 2025 19:14:07 GMT -
Rating -1
- Innovation 0
- Information 8
- Rumor 1
