NEW YORK ( TheStreet) -- Taubman Centers (NYSE: TCO) hit a new 52-week high Wednesday as it is currently trading at $55.93, above its previous 52-week high of $55.90 with 319,582 shares traded as of 12:26 p.m. ET. Average volume has been 524,900 shares over the past 30 days. Taubman Centers has a market cap of $3.1 billion and is part of the financial sector and real estate industry. Shares are up 9.6% year to date as of the close of trading on Tuesday. Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner's interest in The Taubman Realty Group Limited Partnership (the operating partnership). The company has a P/E ratio of 63.6, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 16.3.
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