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Shares of CommonWealth REIT Rank the Highest in Terms of P/E Ratio in the Office REITs Industry (CWH, ARE, HIW, SLG, BXP)
Jan 10, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Office REITs industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.CommonWealth REIT ranks highest with a a P/E ratio of 58.96. Following is Alexandria Real Estate Equities with a a P/E ratio of 55.45. Highwoods Properties ranks third highest with a a P/E ratio of 54.98.
SL Green Realty follows with a a P/E ratio of 54.08, and Boston Properties rounds out the top five with a a P/E ratio of 52.99.
SmarTrend recommended that subscribers consider buying shares of CommonWealth REIT on November 28th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $14.97. Since that recommendation, shares of CommonWealth REIT have risen 7.7%. We continue to monitor CommonWealth REIT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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