Thomas Properties Group Stock Soars (TPGI)

NEW YORK ( TheStreet) -- Shares of Thomas Properties Group (Nasdaq: TPGI) have taken a tremendous swing upward. The stock is trading at $4.92 as of 12:40 p.m. ET, 21.4% above Tuesday's closing price of $4.05. Volume is at 234,548, 2.8 times the daily average of 84,900.

Thomas Properties Group has a market cap of $152.9 million and is part of the financial sector and real estate industry. Shares are up 21.6% year to date as of the close of trading on Tuesday.

Thomas Properties Group, Inc. owns, acquires, develops, leases, and manages primarily office, as well as mixed-use and residential properties in the United States. The company has a P/E ratio of 25.6, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Thomas Properties Group as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance and notable return on equity. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Thomas Properties Group Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

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