Boston Stock Hits New 52-Week High (BXP)

NEW YORK ( TheStreet) -- Boston Properties (NYSE: BXP) hit a new 52-week high Friday as it is currently trading at $112.96, above its previous 52-week high of $112.09 with 71,339 shares traded as of 10:05 a.m. ET. Average volume has been 836,100 shares over the past 30 days.

Boston has a market cap of $16.66 billion and is part of the financial sector and real estate industry. Shares are up 11.6% year to date as of the close of trading on Thursday.

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 58.5, above the average real estate industry P/E ratio of 55.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Boston as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Boston Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

A High-Income Hedge Against the Coming Wave of Dividend Cuts

Stocks Are Priced for Perfection in an Imperfect World

REIT Boston Properties' Solid Recent Performance Makes It a Good Buy

S&P Dow Jones Indices Launching New Real Estate Sector

Today's Stocks Driving Success For The Financial Sector