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.
Boston Properties (
BXP) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day up 0.9%. By the end of trading, Boston Properties rose $1.24 (1.1%) to $116.07 on average volume. Throughout the day, one million shares of Boston Properties exchanged hands as compared to its average daily volume of 709,300 shares. The stock ranged in a price between $115.17-$116.94 after having opened the day at $116.93 as compared to the previous trading day's close of $114.83. Other companies within the Real Estate industry that increased today were:
Arbor Realty (
ABR), up 10.5%,
W.P. Carey (
WPC), up 6.3%,
American Spectrum Realty (
AQQ), up 5.8%, and
St. Joe Corporation (
JOE), up 5.7%.
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Boston Properties, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in the ownership and development of office properties. Boston Properties has a market cap of $17 billion and is part of the
financial sector. The company has a P/E ratio of 54.7, above the average real estate industry P/E ratio of 47.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 15.3% year to date as of the close of trading on Thursday. Currently there are eight analysts that rate Boston Properties a buy, one analyst rates it a sell, and eight rate it a hold.
TheStreet Ratings rates Boston Properties as a
buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, expanding profit margins, good cash flow from operations and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
On the negative front,
Impac Mortgage Holdings (
IMH), down 13.4%,
China Housing & Land Development (
CHLN), down 4.2%,
Elbit Imaging (
EMITF), down 3.9%, and
Maui Land & Pineapple Company (
MLP), down 3.5%, were all laggards within the real estate industry with
Health Care REIT (
HCN) being today's real estate industry laggard.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider
iShares Dow Jones US Real Estate (
IYR) while those bearish on the real estate industry could consider
ProShares Short Real Estate Fund (
REK).
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