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NEW YORK ( TheStreet) -- Post Properties (NYSE: PPS) hit a new 52-week high Wednesday as it is currently trading at $48.42, above its previous 52-week high of $48.11 with 17,080 shares traded as of 9:35 a.m. ET. Average volume has been 570,400 shares over the past 30 days. Post has a market cap of $2.53 billion and is part of the financial sector and real estate industry. Shares are up 9.8% year to date as of the close of trading on Tuesday. Post Properties, Inc., a real estate investments trust (REIT), together with its subsidiaries, engages in the development, ownership, and management of multifamily apartment communities in the United States. The company has a P/E ratio of 124.2, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.