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NEW YORK ( TheStreet) -- Ventas (NYSE: VTR) hit a new 52-week high Friday as it is currently trading at $59.16, above its previous 52-week high of $59.05 with 646,312 shares traded as of 12:55 p.m. ET. Average volume has been 1.7 million shares over the past 30 days. Ventas has a market cap of $16.91 billion and is part of the financial sector and real estate industry. Shares are up 6.5% year to date as of the close of trading on Thursday. Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, management, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada. The company has a P/E ratio of 37.3, above the average real estate industry P/E ratio of 37 and above the S&P 500 P/E ratio of 17.7.