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NEW YORK ( TheStreet) -- Piedmont Office Realty (NYSE: PDM) hit a new 52-week low Monday as it is currently trading at $15.85, below its previous 52-week low of $15.92 with 434,283 shares traded as of 12:21 p.m. ET. Average volume has been 1.3 million shares over the past 30 days. Piedmont Office has a market cap of $2.9 billion and is part of the financial sector and real estate industry. Shares are down 19.7% year to date as of the close of trading on Friday. 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 23.1, below the average real estate industry P/E ratio of 23.4 and above the S&P 500 P/E ratio of 17.7.