New England Realty Associates LP is an AMEX listed security that has been trading in a range between $66.10 and $93.00 over the past year. With 173,320 shares outstanding, a recent price of $83.75 gives a total market capitalization of $14,558,880. While there are certainly larger companies, New England Realty Associates LP has definitely earned its place in the pack. Last year, New England Realty Associates LP created $5.22 in earnings for every share outstanding.
New England Realty Associates LP is currently priced by the market at 16.30 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price over $50 a share and earnings per share in excess of $1 a share, New England Realty Associates LP could be an interesting value proposition.
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