Boston Properties (NYSE:BXP) price target has been revised to $71 by Truist Financial. Despite facing challenges reported in a SWOT analysis including a troubled balance sheet, the company's stock has risen by 6.3% since its last earnings report. BXP is poised to present at Nareit's 2025 REITWeek Investor Conference and the 2025 Citi Global Property CEO Conference. In Q1 earnings reports, the company saw a miss on FFO estimates but an increase in revenues. The company up-sized its unsecured credit facility to $2.95 billion and its commercial paper program to $750 million. However, Zacks Research has issued a negative earnings forecast for the firm. BXP faces a potential crisis with its Hudson Yards JV after a loan default but has secured a huge $2.95B credit line. Amid these developments, the company declared a regular quarterly dividend, set plans for trophy office development plans in DC, and experienced a strong increase in leasing activity, returning to pre-pandemic levels. The firm even renewed a major 413,000 sq ft lease agreement with Ropes & Gray. Despite these successes, Boston Properties’ stock hit a 52-week low at $56.44.
Boston Properties BXP News Analytics from Tue, 12 Apr 2022 07:00:00 GMT to Sun, 01 Jun 2025 00:54:00 GMT -
Rating 2
- Innovation -4
- Information 7
- Rumor -2
