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NEW YORK ( TheStreet) -- Taubman Centers (NYSE: TCO) hit a new 52-week high Wednesday as it is currently trading at $77.38, above its previous 52-week high of $76.60 with 8,698 shares traded as of 9:38 a.m. ET. Average volume has been 499,900 shares over the past 30 days. Taubman Centers has a market cap of $4.37 billion and is part of the financial sector and real estate industry. Shares are up 23.3% year to date as of the close of trading on Tuesday. Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner's interest in The Taubman Realty Group Limited Partnership (the operating partnership). The company has a P/E ratio of 58.4, above the average real estate industry P/E ratio of 24.9 and above the S&P 500 P/E ratio of 17.7.