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NEW YORK ( TheStreet) -- Douglas Emmett (NYSE: DEI) hit a new 52-week high Friday as it is currently trading at $21.38, above its previous 52-week high of $21.29 with 444,423 shares traded as of 10:44 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. Douglas Emmett has a market cap of $2.6 billion and is part of the financial sector and real estate industry. Shares are up 15.7% year to date as of the close of trading on Thursday. Douglas Emmett, Inc., a real estate investment trust, owns and operates office and multifamily properties in California and Hawaii. As of December 31, 2007, the company's office portfolio consisted of 48 properties and multifamily portfolio consisted of nine properties.