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NEW YORK ( TheStreet) -- American Campus Communities (NYSE: ACC) hit a new 52-week high Tuesday as it is currently trading at $44.34, above its previous 52-week high of $44.25 with 11,116 shares traded as of 9:35 a.m. ET. Average volume has been 660,800 shares over the past 30 days. American Campus has a market cap of $2.93 billion and is part of the financial sector and real estate industry. Shares are up 5.3% year to date as of the close of trading on Monday. Operates as a self-administered REIT that acquires, designs, finances, develops, manages the construction of, leases, and manages student housing properties. As of Dec. 31, 2005, its total owned and managed portfolio included 42 properties that represented apx. 27,100 beds in about 9,700 units. The company has a P/E ratio of 54.2, below the average real estate industry P/E ratio of 71.2 and above the S&P 500 P/E ratio of 17.7.