BMO Capital Markets has reaffirmed its confidence in Boston Properties Inc. (NYSE:BXP), one of the nation’s largest office real estate investment trusts (REITs), by reiterating its "Outperform" rating and raising its price target from $85 to $86. This update, delivered on June 23, 2025, comes as the company continues to reposition its portfolio toward premium developments in key U.S. markets and away from underperforming suburban properties.

Boston Properties, which manages a $12.7 billion portfolio, has been recognized by investment bank Goldman Sachs as one of its top REIT stock picks. The company is known for its focus on acquiring, developing, and managing high-end commercial office properties in major metropolitan areas, particularly along the East Coast of the United States. Recent investor meetings involving Boston Properties’ executive team in the UK and Europe have reinforced the firm’s positive outlook on the company’s strategic direction.

BMO’s decision to increase the price target is underpinned by Boston Properties’ efforts to streamline its asset base through selective sales and increased investment in upscale development projects. The company is also orienting its portfolio to benefit from emerging trends, including the growth of artificial intelligence, by leveraging its existing assets in markets where demand for premium commercial space is expected to accelerate.

The strategy reflects a response to wider commercial real estate trends, as demand for higher-quality office space resurfaces in urban centers, even as some suburban office assets struggle to maintain occupancy and rental rates post-pandemic. By focusing on premium segments of the market, Boston Properties aims to support stronger rental growth and long-term value for shareholders.

On the stock market, Boston Properties Inc. currently trades at $69.60 per share, reflecting a decrease of $2.20 or 0.03% from the previous close. The stock opened at $71.53 and has seen an intraday trading range between a high of $71.75 and a low of $68.32. The latest recorded volume is 1,287,201, with the last trade recorded on Monday, July 28, at 23:15 UTC, illustrating ongoing investor interest in the company’s shares.

As the commercial real estate market continues to evolve, BMO’s endorsement suggests optimism that Boston Properties’ focus on upscale developments and strategic asset management will allow the company to capitalize on shifting industry dynamics and deliver value over time (source).