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NEW YORK ( TheStreet) -- CBL & Associates Properties (NYSE: CBL) hit a new 52-week low Thursday as it is currently trading at $12.49, below its previous 52-week low of $12.52 with 374,307 shares traded as of 10:05 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. CBL & Associates has a market cap of $2 billion and is part of the financial sector and real estate industry. Shares are down 23.1% year to date as of the close of trading on Wednesday. CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and management of properties. The fund invests in the real estate markets of United States. Its portfolio consists of enclosed malls and open-air centers. The company has a P/E ratio of 61.2, above the average real estate industry P/E ratio of 26.9 and above the S&P 500 P/E ratio of 17.7.