Truist Securities lowered its price target on Boston Properties Inc. (NYSE:BXP) to $64 from $70 while maintaining a Hold rating. The stock trades at $60.80.
The firm reduced 2026 FFO estimate by 0.9% and 2027 by 3.6%, citing higher interest rates and increased capex.
Truist noted dilutive refinancing and a debt-to-equity ratio of 3.18, making de-levering challenging.
The new target implies a 10.8% total return. Boston Properties has paid dividends for 30 years, with a current yield of 4.64%.
In Q1 2026, Boston Properties beat expectations with EPS of $0.64 versus $0.28 estimated.
