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TSX up, Wall Street mixedThis summary was created by AI, based on 2 opinions in the last 12 months.
Experts agree that Boston Properties (BXP-N) is a solid income stock with a decent yield and a payout ratio below 60%. The company has seen improvements in leasing velocity and occupancy, indicating sustained tenant demand for its high-quality assets. While some concerns were raised about a potential sequential drop in funds from operations in the fourth quarter, overall sentiment is positive about BXP's performance and potential to capitalize on the trend for modern buildings with more amenities.
High quality. Very good operators. Discount to NAV. Well positioned to capitalize on the trend for modern buildings with more amenities to outperform. Risk/reward in the space is challenged. Has owned in the past and would again.
High quality office assets in the US and he is comfortable hanging on to it. They have redevelopment going on that should bump up the share price. Hang on to it if you own it.
A very, very high quality asset base of office properties, located in key urban centres in the US, such as Manhattan, San Francisco, Boston. Thinks they will be a beneficiary of the recovery in the US, as there will be more demand for office space. Very sound management team. Yield of 1.88%.
(Market Call Minute.) Top 5 REIT globally.
Trading below NAV with leverage to a recovering US economy. High-quality, AAA office buildings in Boston, Manhattan, DC and San Francisco. Yield of 2.5%.
Boston Properties is a American stock, trading under the symbol BXP-N on the New York Stock Exchange (BXP). It is usually referred to as NYSE:BXP or BXP-N
In the last year, 1 stock analyst published opinions about BXP-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Boston Properties.
Boston Properties was recommended as a Top Pick by on . Read the latest stock experts ratings for Boston Properties.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Boston Properties In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Boston Properties (BXP-N) stock closed at a price of $65.31.
BXP is quite cheap at 8X cash flow, and has recovered well from its low in March. It should perform better in a rate-pivot scenario. Very little growth is expected, but the yield is solid and payout ratio below 60%. BXP may have moved past an occupancy low point as improving leasing velocity augurs well for cash flow into 2024. Occupancy in the company's operating portfolio rose 50 bps sequentially in 3Q to 88.8%, and the leased percentage was flat at 90.4%. BXP leased over 1 million square feet in 3Q for the first time since 4Q22, with increasing volume in each of the last two quarters showing that there's sustained tenant demand for the best-quality assets. Leasing gains at this level would be sufficient to offset scheduled expirations in 2024, which would lift the leased percentage and potentially boost occupancy further. Guidance for full year 2023 funds from operations was reduced slightly due to higher interest expense and implies a sequential drop in 4Q. We would consider it a decent income stock.
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