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NEW YORK ( TheStreet) -- Federal Realty Investment (NYSE: FRT) hit a new 52-week high Friday as it is currently trading at $103.30, above its previous 52-week high of $102.64 with 23,003 shares traded as of 10 a.m. ET. Average volume has been 391,400 shares over the past 30 days. Federal Realty Investment has a market cap of $6.45 billion and is part of the financial sector and real estate industry. Shares are up 11.2% year to date as of the close of trading on Thursday. Federal Realty Investment Trust operates as a real estate investment trust, which engages in the ownership, management, development, and redevelopment of retail and mixed-use properties. The company has a P/E ratio of 51, above the average real estate industry P/E ratio of 44.3 and above the S&P 500 P/E ratio of 17.7.