Boston Properties Inc (BXP): Today's Featured Real Estate Laggard

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 lower today making it today's featured Real Estate laggard. The industry as a whole closed the day down 1.3%. By the end of trading, Boston Properties fell $2.42 (-2.2%) to $106.90 on average volume. Throughout the day, 1,273,399 shares of Boston Properties exchanged hands as compared to its average daily volume of 1,192,700 shares. The stock ranged in price between $106.79-$108.63 after having opened the day at $108.39 as compared to the previous trading day's close of $109.32. Other companies within the Real Estate industry that declined today were: Doral Financial ( DRL), down 6.4%, Stratus Properties ( STRS), down 4.7%, Vestin Realty Mortgage II ( VRTB), down 4.6% and China HGS Real Estate ( HGSH), down 4.1%.
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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 $16.7 billion and is part of the financial sector. The company has a P/E ratio of 69.5, above the S&P 500 P/E ratio of 17.7. Shares are up 3.8% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Boston Properties a buy, no analysts rate it a sell, and 8 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 revenue growth, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front, Icahn ( IEP), down 3.7%, American Spectrum Realty ( AQQ), down 3.1%, Altisource Portfolio Solutions ( ASPS), down 2.8% and Homex Development ( HXM), down 2.3%.

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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