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 May 10, 2024, BXP stock price climbed to $61.66 with 16,916 million shares trading.

BXP has a beta of 1.48, meaning it tends to be more sensitive to market movements. BXP has a correlation of 0.19 to the broad based SPY ETF.

BXP has a market cap of $9.66 billion. This is considered a Mid Cap stock.

Last quarter Boston Props reported $839 million in Revenue and $1.73 earnings per share. This beat revenue expectation by $71 million and met earnings estimates .

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 underperformed the market in the last year with a price return of +28.6% while the SPY ETF gained +28.8%. BXP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.4% and -0.5%, respectively, while the SPY returned +4.5% and +3.8%, respectively.

BXP support price is $59.93 and resistance is $62.93 (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.