NEW YORK ( TheStreet) -- American Campus Communities (NYSE: ACC) hit a new 52-week high Wednesday as it is currently trading at $45.79, above its previous 52-week high of $45.75 with 476,684 shares traded as of 1:35 p.m. ET. Average volume has been 720,100 shares over the past 30 days. American Campus has a market cap of $3.39 billion and is part of the financial sector and real estate industry. Shares are up 8.1% year to date as of the close of trading on Tuesday. 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 56, below the average real estate industry P/E ratio of 75.6 and above the S&P 500 P/E ratio of 17.7.
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