BXP Stock Summary and Trading Ideas (Boston Props | NYSE:BXP)

Boston Properties owns over 190 properties consisting of approximately 53 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.

Boston Props trades on the NYSE stock market under the symbol BXP.

As of April 23, 2024, BXP stock price climbed to $62.93 with 1,488,878 million shares trading.

BXP has a beta of 1.51, meaning it tends to be more sensitive to market movements. BXP has a correlation of 0.20 to the broad based SPY ETF.

BXP has a market cap of $9.86 billion. This is considered a Mid Cap stock.

In the last 3 years, BXP stock traded as high as $133.11 and as low as $46.18.

The top ETF exchange traded funds that BXP belongs to (by Net Assets): VNQ, VTI, VOO, VB, VBR.

BXP has outperformed the market in the last year with a price return of +28.3% while the SPY ETF gained +24.3%. However, in the short term, BXP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -8.3% vs +4.9% return in SPY. But in the last 2 weeks, BXP shares have fared better than the market returning -0.5% compared to SPY -2.5%.

BXP support price is $59.69 and resistance is $62.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BXP stock will trade within this expected range on the day.