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NEW YORK ( TheStreet) -- Forestar Group (NYSE: FOR) hit a new 52-week low Thursday as it is currently trading at $10.85, below its previous 52-week low of $10.94 with 10,194 shares traded as of 9:40 a.m. ET. Average volume has been 239,300 shares over the past 30 days. Forestar Group has a market cap of $413.1 million and is part of the financial sector and real estate industry. Shares are down 39.7% year to date as of the close of trading on Wednesday. Forestar Group Inc. and its subsidiaries engage in the real estate and natural resources businesses in the United States. It operates in three segments: Real Estate, Mineral Resources, and Fiber Resources. The company has a P/E ratio of 89.5, above the average real estate industry P/E ratio of 83.1 and above the S&P 500 P/E ratio of 17.7.