Apr. 29 at 1:32 AM
$BXP — largest publicly traded premier office REIT in the U.S. Just beat Q1 FFO estimates. 52.6M sq ft across Boston, NYC, SF, DC, LA, Seattle. Down 12% YTD despite the beat. Chart bouncing off
$49 lows, now at
$59.17 inside a descending wedge. 18 analysts Buy, avg PT
$69.88, high
$84. Evercore, Mizuho, Scotiabank all cut PTs but kept ratings — wave of PT reductions already in the price.
🐂 Hold
$58.75 + wedge break =
$62 →
$67, avg PT
$69.88
🐻 Lose
$53.73 =
$50 →
$49 lows retest
⚠️ Rate cut timeline from Fed is the macro lever — every 25bps helps BXP
🟢 Q1 FFO beat — operations outperforming despite macro headwinds
🟢 43 Hold ratings vs 6 Buy = massive upgrade potential if rates cooperate
🚩 Wave of analyst PT cuts from JPM, Evercore, Piper, Scotia, Goldman — consensus stepping down
🚩 Office demand structural headwind — WFH still suppressing urban occupancy
#BXP #BostonProperties #REIT #OfficeREIT #hovdid