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NEW YORK ( TheStreet) -- Macerich Company (NYSE: MAC) hit a new 52-week high Monday as it is currently trading at $56.56, above its previous 52-week high of $56.51 with 327,999 shares traded as of 1:24 p.m. ET. Average volume has been 855,100 shares over the past 30 days. Macerich has a market cap of $7.14 billion and is part of the financial sector and real estate industry. Shares are up 10.7% year to date as of the close of trading on Friday. The Macerich Company operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 38.4, below the average real estate industry P/E ratio of 386.6 and above the S&P 500 P/E ratio of 17.7.