Scotiabank Upgrades BXP, Inc. to Buy with $70 Price Target
Scotiabank raises its rating on BXP, Inc. to buy, setting a $70 price target, a 8.80% upside from the current price.
Key Points
- Scotiabank upgraded BXP, Inc. to a buy with a $70 price target on June 18, 2026.
- Scotiabank's $70 price target implies 8.80% upside from BXP, Inc.'s ($BXP) current $64.34 share price.
- BXP trades at $63.06, with a market cap of about $10.1 billion and a P/E ratio of 31.7.
- Analysts' consensus on BXP is a buy, with a target mean price of $69.3 from 20 opinions.
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Scotiabank has upgraded its rating on BXP, Inc. (NYSE: BXP) to a "buy" and set a price target of $70. This change was announced on June 18, 2026, and reflects a positive outlook for the real estate investment trust, which specializes in premier office spaces.
BXP, Inc. Stock Down 7.2%
Shares of BXP, Inc. are currently trading around $63.06. The company has a market capitalization of approximately $10.1 billion and a P/E ratio of 31.7. BXP's stock price has ranged from a low of $49.72 to a high of $79.33 over the past 52 weeks. The stock's 50-day moving average is $59.60, while its 200-day moving average is $64.97. BXP carries a beta of 1.062, indicating moderate volatility relative to the market.
$BXP price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Analysts Set New Price Targets
On June 18, 2026, Scotiabank upgraded BXP, Inc. to a "buy" rating with a $70 price target. This follows Evercore ISI Group's decision on June 15, 2026, to maintain its "hold" rating with a $67 target. Wells Fargo maintained its "buy" rating with a $77 target on June 1, 2026. Overall, the consensus among analysts is a "buy," with a mean target price of $69.3 based on 20 analyst opinions.
Other Institutional Activity in BXP, Inc.
Cohen & Steers, Inc. increased its holdings by 5,466,437 shares, ending with 20,849,327 shares valued at about $1.08 billion. On the other hand, BlackRock, Inc. reduced its position by 1,859,119 shares, bringing its total to 16,459,955 shares worth approximately $854.3 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both hold significant stakes, with 12,824,544 and 9,970,641 shares respectively. Meanwhile, First Eagle Investment Management, LLC significantly boosted its position by 5,933,552 shares, totaling 9,344,461 shares valued at about $484.98 million.
Insider Buying and Selling at BXP, Inc.
Recent insider activity at BXP, Inc. includes several transactions by Michael LaBelle, Executive Vice President and CFO. On June 9, 2026, he sold 26,113 shares at an average price of $66.35. Earlier, on June 4, 2026, he sold 23,981 shares at $0.25 per share. Diane Hoskins also made a purchase of 3,332 shares on May 29, 2026.
About BXP, Inc.
BXP, Inc. is a leading real estate investment trust (REIT) in the United States, focusing on developing, owning, and managing high-quality office spaces. Based in Boston, Massachusetts, BXP operates in major markets like New York, Los Angeles, and San Francisco. The company, led by CEO Owen David Thomas, has a workforce of 826 employees. BXP's portfolio includes 164 properties totaling 50.4 million square feet, with a significant presence in office, retail, and residential spaces.
Bottom Line
Scotiabank's upgrade of BXP, Inc. to a "buy" with a $70 price target highlights confidence in the company's potential. The stock's trading range and analyst consensus suggest a positive outlook. Investors often track such ratings to gauge market sentiment, though it's important to remember that these are backward-looking assessments.
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