NEW YORK ( TheStreet) -- Boston Properties (NYSE: BXP) hit a new 52-week high Wednesday as it traded at $96.59 compared with its previous 52-Week high of $96.34. Boston is changing hands at $96.15 with 170,150 shares traded as of 10:31 a.m. ET. Average volume has been one million shares over the past 30 days. Boston has a market cap of $13.4 billion and is part of the financial sector and real estate industry. Shares are up 10.9% year to date as of the close of trading on Tuesday. Boston Properties, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in the ownership and development of office properties. The company has a P/E ratio of 83.7, above the average real estate industry P/E ratio of 59.2 and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Boston as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation. You can view the full Boston Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.