Citigroup Trims Stake in BXP, Inc. Real Estate Trust

Institutional investor reduces ownership in major Boston-based REIT

Feb. 28, 2026 at 8:49am

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Citigroup Inc. has reduced its stake in BXP, Inc. (NYSE:BXP), a major real estate investment trust (REIT) based in Boston, Massachusetts. According to a recent SEC filing, Citigroup trimmed its position in BXP by 21.5% during the third quarter, selling 50,967 shares and now owning approximately 186,252 shares worth $13.85 million.

Why it matters

BXP is one of the largest REITs in the United States, with a focus on Class A office properties in major metropolitan markets. Citigroup's reduction in its BXP holdings could signal broader market trends or changes in the firm's investment strategy, which is noteworthy given Citigroup's status as a major institutional investor.

The details

The filing shows that Citigroup now owns approximately 0.12% of BXP's outstanding shares. The REIT's stock price has fluctuated in recent months, dropping from a 52-week high of $79.33 to the current trading price around $57.69 per share. Analysts have maintained a 'Hold' rating on BXP, with a consensus price target of $75.45.

  • Citigroup trimmed its BXP stake during the third quarter of 2025.

The players

Citigroup Inc.

A major American multinational investment bank and financial services corporation.

BXP, Inc.

A publicly traded real estate investment trust (REIT) that specializes in the ownership, management, and development of Class A office properties across major U.S. markets, headquartered in Boston, Massachusetts.

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The takeaway

Citigroup's reduction in its BXP holdings reflects broader trends in the commercial real estate market, as investors navigate economic uncertainty and shifting office space needs. However, BXP remains a major player in the Boston and national REIT landscape, and its long-term prospects will continue to be closely watched by industry analysts.