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NEW YORK ( TheStreet) -- Pebblebrook Hotel (NYSE: PEB) hit a new 52-week high Friday as it is currently trading at $23.82, above its previous 52-week high of $23.75 with 196,712 shares traded as of 11:59 a.m. ET. Average volume has been 478,700 shares over the past 30 days. Pebblebrook Hotel has a market cap of $1.2 billion and is part of the financial sector and real estate industry. Shares are up 23.4% year to date as of the close of trading on Thursday. Pebblebrook Hotel Trust, through Pebblebrook Hotel, L.P., operates as a real estate investment trust. The company acquires and invests primarily in hotel properties located in the United States. The company has a P/E ratio of 293.9, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.