BXP Stock Movement Summary BXP Inc. bounced back after a two-day post-earnings selloff as the real estate sector stabilized. The broader commercial real estate sector had experienced significant declines, with major competitors falling sharply: CBRE Group dropped 8.8% (20% over two days), Jones Lang LaSalle fell 7.6%, Cushman & Wakefield declined 12%, and Newmark Group slid 4.2%. An office real estate company index retreated 4.2%. During this period, Cohen & Steers, Inc. increased its stake in BXP Inc. by 62.76%, acquiring 6,827,773 shares at $64.67 each. BXP Inc. is a real estate investment trust valued at $9.37 billion that owns numerous properties in major U.S. cities.
Read full analysisBXP Stock Movement Summary BXP Inc. bounced back after a two-day post-earnings selloff as the real estate sector stabilized. The broader commercial real estate sector had experienced significant declines, with major competitors falling sharply: CBRE Group dropped 8.8% (20% over two days), Jones Lang LaSalle fell 7.6%, Cushman & Wakefield declined 12%, and Newmark Group slid 4.2%. An office real estate company index retreated 4.2%. During this period, Cohen & Steers, Inc. increased its stake in BXP Inc. by 62.76%, acquiring 6,827,773 shares at $64.67 each. BXP Inc. is a real estate investment trust valued at $9.37 billion that owns numerous properties in major U.S. cities.
Boston Properties (BXP) is one of the largest publicly traded office REITs in the United States, owning and managing premier workspace properties in major cities including Boston, New York, San Francisco, and Washington, D.C. The company's Q4 earnings report this week met but did not exceed expectations, triggering a sharp two-day selloff that today's bounce partially reverses.