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NEW YORK ( TheStreet) -- Piedmont Office Realty (NYSE: PDM) hit a new 52-week high Wednesday as it is currently trading at $21.03, above its previous 52-week high of $21 with 1.3 million shares traded as of 1:42 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. Piedmont Office has a market cap of $3.6 billion and is part of the financial sector and real estate industry. Shares are up 3.3% year to date as of the close of trading on Tuesday. Piedmont Office Realty Trust, Inc. engages in the acquisition and ownership of commercial real estate properties in the United States. Its property portfolio primarily consists of office and industrial buildings, warehouses, and manufacturing facilities. The company has a P/E ratio of 27.6, below the average real estate industry P/E ratio of 29.6 and above the S&P 500 P/E ratio of 17.7.