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NEW YORK ( TheStreet) -- Colony Financial Inc (NYSE: CLNY) hit a new 52-week low Wednesday as it is currently trading at $13.06, below its previous 52-week low of $13.11 with 747,948 shares traded as of 3:46 p.m. ET. Average volume has been 226,000 shares over the past 30 days. Colony Financial has a market cap of $441.3 million and is part of the financial sector and real estate industry. Shares are down 33% year to date as of the close of trading on Tuesday. Colony Financial, Inc., a real estate finance company, focuses on acquiring, originating, and managing commercial mortgage loans and other commercial real estate-related debt investments. The company qualifies as a real estate investment trust for federal income tax purposes. The company has a P/E ratio of 9.4, above the average real estate industry P/E ratio of 9.2 and below the S&P 500 P/E ratio of 17.7.