BXP, Inc. (BXP)Real Estate | REIT - Office | Boston, United States | NYSE
59.50 USD
-0.19
(-0.318%) ⇩
(Oct. 16, 2026, 1:06 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 2:19 a.m. EDT
The investment case for BXP is currently broken by a severe disconnect between its valuation and its performance. While the stock trades at a seemingly attractive 4.7% yield, the payout ratio of 150% reveals that the dividend is being funded entirely by debt service and capital erosion, not earnings. This is confirmed by the balance sheet, which carries over $16 billion in debt against a market cap of only $10.6 billion, leaving the company dangerously exposed to interest rate hikes or refinancing risks. Fundamentally, the business is deteriorating. Revenue growth is stagnant at 3.7%, while earnings are contracting at a rate of 23%. The multi-year price trajectory tells the true story: the stock has lost nearly half its value over the last nine years, with the most recent annual return being negative. This is not a temporary dip; it is a structural decline in the office sector that the market has priced in. Technically, the stock is trapped below its 50-day moving average, confirming the bearish trend. Options activity reinforces this pessimism, with traders aggressively buying deep out-of-the-money puts to protect against further drops, while call buyers are only willing to speculate on a distant, unlikely recovery. Despite the high analyst target price, the underlying fundamentals—weak cash generation, high leverage, and shrinking earnings—make this a dangerous hold for income investors and a poor bet for growth. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.056106 |
| MSTL | 0.060737 |
| AutoARIMA | 0.061196 |
| AutoETS | 0.061228 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 43% |
| H-stat | 22.72 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.380 |
| Excess Kurtosis | -0.94 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-09-29 |
| Last Dividend Date | 2026-09-29 |
| Debt to Equity Ratio | 211.631 |
| Revenue per Share | 20.111 |
| Market Cap | 10,762,207,232 |
| Trailing P/E | 31.99 |
| Forward P/E | 28.53 |
| Beta | 1.05 |
| Profit Margins | 9.30% |
| Previous Name | Boston Properties, Inc. |
| Website | https://www.bxp.com |
As of Oct. 10, 2026, 2:19 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume and open interest, particularly at strikes significantly below the current price (e.g., $47.50, $50.00), suggesting a fear of a significant downside gap. Conversely, call activity is concentrated in the far-dated January 2027 expiration at extremely high strikes ($120.00), indicating speculative bets on a massive recovery rather than near-term upside. The near-term call market shows muted interest relative to the defensive put wall, reflecting a lack of conviction in an immediate bounce.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.15% | 4.59% | 5.16% | 5.23% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-30 | 0.700 | 1.145475 |
| 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 | -0.16000563 |
| Address1 | Prudential Center, 800 Boylston Street |
| Address2 | Suite 1900 |
| All Time High | 147.83 |
| All Time Low | 23.4375 |
| Ask | 59.54 |
| Ask Size | 200 |
| Audit Risk | 6 |
| Average Analyst Rating | 2.1 - Buy |
| Average Daily Volume10 Day | 1,395,040 |
| Average Daily Volume3 Month | 1,393,023 |
| Average Volume | 1,393,023 |
| Average Volume10Days | 1,395,040 |
| Beta | 1.054 |
| Bid | 59.49 |
| Bid Size | 100 |
| Board Risk | 9 |
| Book Value | 32.316 |
| City | Boston |
| Compensation As Of Epoch Date | 1,483,142,400 |
| Compensation Risk | 9 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 59.5 |
| Current Ratio | 0.506 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 60.53 |
| Day Low | 59.475 |
| Debt To Equity | 211.631 |
| Display Name | BXP |
| Dividend Date | 1,793,318,400 |
| Dividend Rate | 2.8 |
| Dividend Yield | 4.69 |
| Earnings Call Timestamp End | 1,793,217,600 |
| Earnings Call Timestamp Start | 1,793,217,600 |
| Earnings Growth | -0.232 |
| Earnings Quarterly Growth | -0.229 |
| Earnings Timestamp | 1,793,131,200 |
| Earnings Timestamp End | 1,793,131,200 |
| Earnings Timestamp Start | 1,793,131,200 |
| Ebitda | 1,617,154,048 |
| Ebitda Margins | 0.50691 |
| Enterprise To Ebitda | 17.294 |
| Enterprise To Revenue | 8.767 |
| Enterprise Value | 27,967,733,760 |
| Eps Current Year | 2.0872 |
| Eps Forward | 2.08575 |
| Eps Trailing Twelve Months | 1.86 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,790,726,400 |
| Exchange | NYQ |
| Exchange Data Delayed By | 20 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 617 236 3311 |
| Fifty Day Average | 64.7808 |
| Fifty Day Average Change | -5.2808 |
| Fifty Day Average Change Percent | -0.08151798 |
| Fifty Two Week Change Percent | -16.000563 |
| Fifty Two Week High | 74.96 |
| Fifty Two Week High Change | -15.459999 |
| Fifty Two Week High Change Percent | -0.20624332 |
| Fifty Two Week Low | 49.72 |
| Fifty Two Week Low Change | 9.779999 |
| Fifty Two Week Low Change Percent | 0.1967015 |
| Fifty Two Week Range | 49.72 - 74.96 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 866,640,600,000 |
| Five Year Avg Dividend Yield | 5.08 |
| Float Shares | 158,223,005 |
| Forward Eps | 2.08575 |
| Forward P E | 28.526907 |
| Free Cashflow | 880,636,864 |
| Full Exchange Name | NYSE |
| Full Time Employees | 826 |
| Fullday Change | -0.18999863 |
| Fullday Change Percent | -0.31830898 |
| Fullday Price | 59.5 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.56452 |
| Gross Profits | 1,800,928,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00375 |
| Held Percent Institutions | 1.13458 |
| Implied Shares Outstanding | 180,877,428 |
| 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 | 1,790,726,400 |
| Last Dividend Value | 0.7 |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | BXP, Inc. is the largest publicly traded developer, owner, and manager of premier workplaces in the United States. It is 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 June 30, 2026, including properties owned by joint ventures, BXP's portfolio totals 51.1 million square feet and 164 properties, including six properties under construction/redevelopment. BXP's portfolio consists of 143 office properties, 13 retail properties, seven residential properties (including four 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, Inc. was incorporated in 1970 in Delaware and is based in Massachusetts, Boston. |
| Long Name | BXP, Inc. |
| Market | us_market |
| Market Cap | 10,762,207,232 |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_368278 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-10-16 |
| Net Income To Common | 296,824,992 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 9,956,494,632 |
| Number Of Analyst Opinions | 20 |
| Open | 59.94 |
| Operating Cashflow | 1,284,499,968 |
| Operating Margins | 0.28755 |
| Overall Risk | 9 |
| Payout Ratio | 1.5054 |
| Peg Ratio | 2.14 |
| Phone | 617 236 3300 |
| Prev Name | Boston Properties, Inc. |
| Previous Close | 59.69 |
| Price Eps Current Year | 28.507092 |
| Price Hint | 2 |
| Price To Book | 1.8411931 |
| Price To Sales Trailing12 Months | 3.3734999 |
| Profit Margins | 0.09304 |
| Quick Ratio | 0.448 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 2.13636 |
| Region | US |
| Regular Market Change | -0.18999863 |
| Regular Market Change Percent | -0.31830898 |
| Regular Market Day High | 60.53 |
| Regular Market Day Low | 59.475 |
| Regular Market Day Range | 59.475 - 60.53 |
| Regular Market Open | 59.94 |
| Regular Market Previous Close | 59.69 |
| Regular Market Price | 59.5 |
| Regular Market Time | 1,792,170,400 |
| Regular Market Volume | 411,748 |
| Return On Assets | 0.01683 |
| Return On Equity | 0.05308 |
| Revenue Growth | 0.037 |
| Revenue Per Share | 20.111 |
| Sand P52 Week Change | 0.16207206 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 159,661,556 |
| Shares Percent Shares Out | 0.0783 |
| Shares Short | 12,505,578 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 11,223,136 |
| Short Name | BXP, Inc. |
| Short Percent Of Float | 0.1042 |
| Short Ratio | 8.92 |
| Source Interval | 15 |
| State | MA |
| Symbol | BXP |
| Target High Price | 95.0 |
| Target Low Price | 60.0 |
| Target Mean Price | 74.5 |
| Target Median Price | 71.0 |
| Total Cash | 495,528,000 |
| Total Cash Per Share | 3.104 |
| Total Debt | 16,358,486,016 |
| Total Revenue | 3,190,220,032 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 2.8 |
| Trailing Annual Dividend Yield | 0.04690903 |
| Trailing Eps | 1.86 |
| Trailing P E | 31.989246 |
| Trailing Peg Ratio | 2.3159 |
| Triggerable | 1 |
| Two Hundred Day Average | 62.41195 |
| Two Hundred Day Average Change | -2.9119492 |
| Two Hundred Day Average Change Percent | -0.046656918 |
| Type Disp | Equity |
| Volume | 411,748 |
| Website | https://www.bxp.com |
| Zip | 02,199-8103 |