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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.