BXP, Inc. (BXP)Real Estate | REIT - Office | Boston, United States | NYSE
67.00 USD
-0.04
(-0.060%) ⇩
(July 14, 2026, 11:43 a.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:10 a.m. EDT
BXP presents a classic value trap scenario where the headline numbers look attractive but the underlying mechanics are broken. While the stock trades at a low forward P/E of roughly 32x, the payout ratio of 155% is a critical red flag; the company is paying out more in dividends than it earns, effectively cannibalizing capital reserves to maintain the yield. This explains the massive disconnect between the 4.2% yield and the long-term trajectory: the market is pricing in a severe reduction in future payouts as the balance sheet erodes. The price history confirms this deterioration. Over the last nine years, the stock has lost nearly half its value (-47%), despite a few years of recovery. The most recent annual gain was just 8.5%, which is insufficient to reverse the decade-long trend. The recent news regarding Boston Dynamics is a positive catalyst, but it is likely too small to offset the structural decline in the broader office REIT sector and the company's specific financial distress. Short-term, the stock is range-bound and lacks the momentum to break out, hovering near its 50-day average but failing to sustain gains. The options market reinforces this pessimism, with traders buying cheap insurance against a crash rather than betting on a rally. Until the payout ratio is normalized and the multi-year decline is halted, BXP remains a risky hold for income investors who may face a 'yield cut' event sooner rather than later. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.075277 |
| AutoARIMA | 0.075278 |
| MSTL | 0.077474 |
| AutoTheta | 0.081639 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 42% |
| H-stat | 41.39 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.140 |
| Excess Kurtosis | -1.43 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-06-29 |
| Last Dividend Date | 2026-06-29 |
| Debt to Equity Ratio | 211.994 |
| Revenue per Share | 19.938 |
| Market Cap | 11,946,865,664 |
| Trailing P/E | 33.67 |
| Forward P/E | 32.69 |
| Beta | 1.04 |
| Profit Margins | 10.04% |
| Previous Name | Boston Properties, Inc. |
| Website | https://www.bxp.com |
As of July 11, 2026, 3:10 a.m. EDT: Speculators are positioning defensively with heavy put volume and open interest concentrated significantly out-of-the-money (OTM) at strikes like $40 and $55 for October and January expirations. This suggests a fear of a substantial downside gap rather than a bullish breakout. Conversely, call activity is sparse and mostly clustered near the money or slightly OTM, with very little speculative volume at deep ITM strikes where a rally would be priced. The implied volatility surface shows elevated premiums for downside protection compared to upside potential, indicating the market expects volatility driven by a drop, not a surge.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.06% | 4.38% | 5.33% | 5.18% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-30 | 0.700 | 1.055648 |
| 2026-03-31 | 0.700 | 1.348748 |
| 2025-12-31 | 0.700 | 1.037344 |
| 2025-09-30 | 0.700 | 0.941620 |
| 2025-06-30 | 0.980 | 1.452497 |
| 2025-03-31 | 0.980 | 1.458550 |
| 2024-12-31 | 0.980 | 1.317913 |
| 2024-09-30 | 0.980 | 1.217997 |
| 2024-06-28 | 0.980 | 1.591943 |
| 2024-03-27 | 0.980 | 1.551861 |
| 2023-12-28 | 0.980 | 1.362057 |
| 2023-09-28 | 0.980 | 1.655405 |
| 2023-06-29 | 0.980 | 1.716287 |
| 2023-03-30 | 0.980 | 1.838649 |
| 2022-12-29 | 0.980 | 1.450992 |
| 2022-09-29 | 0.980 | 1.312266 |
| 2022-06-29 | 0.980 | 1.088768 |
| 2022-03-30 | 0.980 | 0.748892 |
| 2021-12-30 | 0.980 | 0.846872 |
| 2021-09-29 | 0.980 | 0.881136 |
| 2021-06-29 | 0.980 | 0.860933 |
| 2021-03-30 | 0.980 | 0.951364 |
| 2020-12-30 | 0.980 | 1.043997 |
| 2020-09-29 | 0.980 | 1.220727 |
| 2020-06-29 | 0.980 | 1.092896 |
| 2020-03-30 | 0.980 | 1.054217 |
| 2019-12-30 | 0.980 | 0.717056 |
| 2019-09-27 | 0.950 | 0.730095 |
| 2019-06-27 | 0.950 | 0.742014 |
| 2019-03-28 | 0.950 | 0.711078 |
| 2018-12-28 | 0.950 | 0.848745 |
| 2018-09-27 | 0.950 | 0.786945 |
| 2018-06-28 | 0.800 | 0.640307 |
| 2018-03-28 | 0.800 | 0.648298 |
| 2017-12-28 | 0.800 | 0.620925 |
| 2017-09-28 | 0.750 | 0.610898 |
| 2017-06-28 | 0.750 | 0.607829 |
| 2017-03-29 | 0.750 | 0.571908 |
| 2016-12-28 | 0.750 | 0.612445 |
| 2016-09-28 | 0.650 | 0.469721 |
| 2016-06-28 | 0.650 | 0.504150 |
| 2016-03-29 | 0.650 | 0.512740 |
| 2015-12-29 | 1.900 | 1.463565 |
| 2015-09-28 | 0.650 | 0.567686 |
| 2015-06-26 | 0.650 | 0.526614 |
| 2015-03-27 | 0.650 | 0.464917 |
| 2014-12-29 | 5.150 | 3.938815 |
| 2014-09-26 | 0.650 | 0.563991 |
| 2014-06-26 | 0.650 | 0.554087 |
| 2014-03-27 | 0.650 | 0.575018 |
| 2013-12-27 | 2.900 | 2.888446 |
| 2013-09-26 | 0.650 | 0.608956 |
| 2013-06-26 | 0.650 | 0.625541 |
| 2013-03-26 | 0.650 | 0.645738 |
| 2012-12-27 | 0.650 | 0.615123 |
| 2012-09-26 | 0.550 | 0.498188 |
| 2012-06-27 | 0.550 | 0.529610 |
| 2012-03-28 | 0.550 | 0.527173 |
| 2011-12-28 | 0.550 | 0.555163 |
| 2011-09-28 | 0.500 | 0.550600 |
| 2011-06-28 | 0.500 | 0.479386 |
| 2011-03-29 | 0.500 | 0.534645 |
| 2010-12-29 | 0.500 | 0.577968 |
| 2010-09-28 | 0.500 | 0.588512 |
| 2010-06-28 | 0.500 | 0.669792 |
| 2010-03-29 | 0.500 | 0.655738 |
| 2009-12-29 | 0.500 | 0.722335 |
| 2009-09-28 | 0.500 | 0.743052 |
| 2009-06-26 | 0.500 | 1.065871 |
| 2009-03-27 | 0.680 | 1.968732 |
| 2008-12-29 | 0.680 | 1.348939 |
| 2008-09-26 | 0.680 | 0.717981 |
| 2008-06-26 | 0.680 | 0.748487 |
| 2008-03-27 | 0.680 | 0.731812 |
| 2007-12-27 | 6.660 | 7.155904 |
| 2007-09-26 | 0.680 | 0.672535 |
| 2007-06-27 | 0.680 | 0.659042 |
| 2007-03-28 | 0.680 | 0.591304 |
| 2006-12-27 | 6.080 | 5.535828 |
| 2006-09-27 | 0.680 | 0.654475 |
| 2006-06-28 | 0.680 | 0.775547 |
| 2006-03-29 | 0.680 | 0.701972 |
| 2005-12-28 | 0.680 | 0.912874 |
| 2005-09-28 | 3.180 | 4.593384 |
| 2005-06-28 | 0.680 | 0.989523 |
| 2005-03-29 | 0.650 | 1.103191 |
| 2004-12-29 | 0.650 | 1.018809 |
| 2004-09-28 | 0.650 | 1.190476 |
| 2004-06-28 | 0.650 | 1.295337 |
| 2004-03-29 | 0.630 | 1.183988 |
| 2003-12-26 | 0.630 | 1.313869 |
| 2003-09-26 | 0.630 | 1.460023 |
| 2003-06-26 | 0.630 | 1.448942 |
| 2003-03-26 | 0.610 | 1.587715 |
| 2002-12-26 | 0.610 | 1.678129 |
| 2002-09-26 | 0.610 | 1.610348 |
| 2002-06-26 | 0.610 | 1.524238 |
| 2002-03-26 | 0.580 | 1.464647 |
| 2001-12-26 | 0.580 | 1.522310 |
| 2001-09-26 | 0.580 | 1.580812 |
| 2001-06-27 | 0.580 | 1.426814 |
| 2001-03-28 | 0.530 | 1.374838 |
| 2000-12-27 | 0.530 | 1.199434 |
| 2000-09-27 | 0.530 | 1.237956 |
| 2000-06-28 | 0.530 | 1.394737 |
| 2000-03-29 | 0.450 | 1.440000 |
| 1999-12-28 | 0.450 | 1.463415 |
| 1999-09-28 | 0.450 | 1.475410 |
| 1999-06-28 | 0.426 | 1.197891 |
| 1999-03-29 | 0.425 | 1.360000 |
| 1998-12-28 | 0.425 | 1.404959 |
| 1998-11-05 | 0.425 | 1.393443 |
| 1998-08-06 | 0.405 | 1.296000 |
| 1998-05-06 | 0.405 | 1.218045 |
| 1997-12-23 | 0.405 | 1.231939 |
| 1997-11-05 | 0.440 | 1.313433 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.04118991 |
| Address1 | Prudential Center, 800 Boylston Street |
| Address2 | Suite 1900 |
| All Time High | 147.83 |
| All Time Low | 23.4375 |
| Ask | 67.1 |
| Ask Size | 100 |
| Audit Risk | 6 |
| Average Analyst Rating | 2.1 - Buy |
| Average Daily Volume10 Day | 1,178,080 |
| Average Daily Volume3 Month | 1,565,529 |
| Average Volume | 1,565,529 |
| Average Volume10Days | 1,178,080 |
| Beta | 1.039 |
| Bid | 66.96 |
| Bid Size | 100 |
| Board Risk | 9 |
| Book Value | 32.469 |
| City | Boston |
| Compensation As Of Epoch Date | 1,483,142,400 |
| Compensation Risk | 9 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 67.0 |
| Current Ratio | 0.979 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 67.4 |
| Day Low | 66.82 |
| Debt To Equity | 211.994 |
| Display Name | BXP |
| Dividend Date | 1,785,456,000 |
| Dividend Rate | 2.8 |
| Dividend Yield | 4.19 |
| Earnings Call Timestamp End | 1,785,355,200 |
| Earnings Call Timestamp Start | 1,785,355,200 |
| Earnings Growth | 0.655 |
| Earnings Quarterly Growth | 0.66 |
| Earnings Timestamp | 1,785,268,800 |
| Earnings Timestamp End | 1,785,268,800 |
| Earnings Timestamp Start | 1,785,268,800 |
| Ebitda | 1,597,104,000 |
| Ebitda Margins | 0.50564 |
| Enterprise To Ebitda | 18.225 |
| Enterprise To Revenue | 9.215 |
| Enterprise Value | 29,107,163,136 |
| Eps Current Year | 1.92832 |
| Eps Forward | 2.04946 |
| Eps Trailing Twelve Months | 1.99 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,782,777,600 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 617 236 3311 |
| Fifty Day Average | 62.9126 |
| Fifty Day Average Change | 4.0873985 |
| Fifty Day Average Change Percent | 0.06496947 |
| Fifty Two Week Change Percent | -4.118991 |
| Fifty Two Week High | 79.33 |
| Fifty Two Week High Change | -12.330002 |
| Fifty Two Week High Change Percent | -0.15542671 |
| Fifty Two Week Low | 49.72 |
| Fifty Two Week Low Change | 17.279999 |
| Fifty Two Week Low Change Percent | 0.34754622 |
| Fifty Two Week Range | 49.72 - 79.33 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 866,640,600,000 |
| Five Year Avg Dividend Yield | 5.27 |
| Float Shares | 147,825,973 |
| Forward Eps | 2.04946 |
| Forward P E | 32.69154 |
| Free Cashflow | 941,118,656 |
| Full Exchange Name | NYSE |
| Full Time Employees | 826 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.56131 |
| Gross Profits | 1,772,950,016 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00374 |
| Held Percent Institutions | 1.14336 |
| Implied Shares Outstanding | 178,311,418 |
| Industry | REIT - Office |
| Industry Disp | REIT - Office |
| Industry Key | reit-office |
| Ir Website | http://ir.bostonproperties.com/phoenix.zhtml?c=120176&p=irol-irhome |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,782,777,600 |
| Last Dividend Value | 0.7 |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | BXP, Inc. (BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States. Also, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 55 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of March 31, 2026, including properties owned by joint ventures, BXP's portfolio totals 50.4 million square feet and 164 properties, including six properties under construction/redevelopment. BXP's portfolio consists of 143 office properties, 14 retail properties, six residential properties (including three residential properties under construction) and one hotel. BXP is well known for its in-house building management expertise and responsiveness to clients' needs. BXP holds a superior track record of developing premium Central Business District (CBD) office buildings, successful mixed-use complexes, suburban office centers and build-to-suit projects for a diverse array of creditworthy clients. BXP actively works to promote its growth and operations in a sustainable and responsible manner. BXP has earned a fourteenth consecutive GRESB (Green Star) recognition and the highest GRESB 5-star Rating and was named one of the world's most sustainable companies by TIME Magazine. BXP, an S&P 500 company, was founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde and became a public company in 1997. BXP, Inc. was incorporated in 1970 in Delaware and is based in Massachusetts, Boston. |
| Long Name | BXP, Inc. |
| Market | us_market |
| Market Cap | 11,946,865,664 |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_368278 |
| Most Recent Quarter | 1,774,915,200 |
| Name Change Date | 2,026-07-14 |
| Net Income To Common | 317,199,008 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 10,691,364,292 |
| Number Of Analyst Opinions | 20 |
| Open | 67.32 |
| Operating Cashflow | 1,191,586,944 |
| Operating Margins | 0.25675 |
| Overall Risk | 9 |
| Payout Ratio | 1.5477 |
| Peg Ratio | 3.06 |
| Phone | 617 236 3300 |
| Prev Name | Boston Properties, Inc. |
| Previous Close | 67.04 |
| Price Eps Current Year | 34.74527 |
| Price Hint | 2 |
| Price To Book | 2.0635066 |
| Price To Sales Trailing12 Months | 3.7823558 |
| Profit Margins | 0.10042 |
| Quick Ratio | 0.865 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 2.13636 |
| Region | US |
| Regular Market Change | -0.040000916 |
| Regular Market Change Percent | -0.059667237 |
| Regular Market Day High | 67.4 |
| Regular Market Day Low | 66.82 |
| Regular Market Day Range | 66.82 - 67.4 |
| Regular Market Open | 67.32 |
| Regular Market Previous Close | 67.04 |
| Regular Market Price | 67.0 |
| Regular Market Time | 1,784,043,819 |
| Regular Market Volume | 188,492 |
| Return On Assets | 0.01675 |
| Return On Equity | 0.05525 |
| Revenue Growth | 0.006 |
| Revenue Per Share | 19.938 |
| Sand P52 Week Change | 0.20365608 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 159,477,391 |
| Shares Percent Shares Out | 0.071 |
| Shares Short | 11,326,567 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 11,262,377 |
| Short Name | BXP, Inc. |
| Short Percent Of Float | 0.0945 |
| Short Ratio | 7.19 |
| Source Interval | 15 |
| State | MA |
| Symbol | BXP |
| Target High Price | 91.0 |
| Target Low Price | 58.0 |
| Target Mean Price | 70.2 |
| Target Median Price | 68.0 |
| Total Cash | 512,783,008 |
| Total Cash Per Share | 3.215 |
| Total Debt | 16,362,374,144 |
| Total Revenue | 3,158,577,920 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 3.08 |
| Trailing Annual Dividend Yield | 0.04594272 |
| Trailing Eps | 1.99 |
| Trailing P E | 33.668343 |
| Trailing Peg Ratio | 3.0655 |
| Triggerable | 1 |
| Two Hundred Day Average | 64.2447 |
| Two Hundred Day Average Change | 2.7553024 |
| Two Hundred Day Average Change Percent | 0.042887624 |
| Type Disp | Equity |
| Volume | 188,492 |
| Website | https://www.bxp.com |
| Zip | 02,199-8103 |