In a report released today, Jeffrey Spector from Bank of America Securities reiterated a Buy rating on BXP, with a price target of $83.00.
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Jeffrey Spector’s rating is based on BXP’s strategic positioning and asset quality, as highlighted during their recent Investor Day. The company is targeting an increase in occupancy rates and has showcased its strong team, which adds confidence in its future performance. Despite a reduction in the 2026 FFO estimate, the removal of the discount to NAV and the reiteration of the price objective at $83 supports the Buy rating.
BXP’s decision to cut its quarterly distribution is seen as a strategic move to fund the 343 Madison development, which is expected to yield significant returns. The company’s efforts to manage leverage through asset sales and joint ventures further strengthen its financial position. These factors, combined with potential catalysts such as leasing announcements and formal 2026 FFO guidance, underpin the Buy recommendation.
Spector covers the Real Estate sector, focusing on stocks such as Agree Realty, Cousins Properties, and Welltower. According to TipRanks, Spector has an average return of 4.1% and a 55.32% success rate on recommended stocks.
In another report released on September 9, Piper Sandler also maintained a Buy rating on the stock with a $90.00 price target.