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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Boston Properties (NYSE: BXP) hit a new 52-week high Friday as it is currently trading at $114.16, above its previous 52-week high of $113.83 with 76,992 shares traded as of 9:40 a.m. ET. Average volume has been 727,100 shares over the past 30 days. Boston has a market cap of $16.94 billion and is part of the financial sector and real estate industry. Shares are up 12.8% 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 54.6, above the average real estate industry P/E ratio of 47.2 and above the S&P 500 P/E ratio of 17.7.