NEW YORK ( TheStreet) -- BRE Properties (NYSE: BRE) hit a new 52-week low Monday as it is currently trading at $40.91, below its previous 52-week low of $41.01 with 303,708 shares traded as of 12:55 p.m. ET. Average volume has been 873,500 shares over the past 30 days. BRE has a market cap of $3.2 billion and is part of the financial sector and real estate industry. Shares are down 2.7% year to date as of the close of trading on Friday. BRE Properties Inc., a real estate investment trust (REIT), engages in the development, acquisition, and management of multifamily apartment communities in the western United States. The company has a P/E ratio of 1072.8, above the average real estate industry P/E ratio of 81 and above the S&P 500 P/E ratio of 17.7.
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