NEW YORK ( TheStreet) -- HCP (NYSE: HCP) hit a new 52-week high Wednesday as it is currently trading at $46.25, above its previous 52-week high of $46.23 with 1.2 million shares traded as of 1:25 p.m. ET. Average volume has been 2.5 million shares over the past 30 days. HCP has a market cap of $18.96 billion and is part of the financial sector and real estate industry. Shares are up 10.5% year to date as of the close of trading on Tuesday. HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. The company has a P/E ratio of 29.7, above the average real estate industry P/E ratio of 29.3 and above the S&P 500 P/E ratio of 17.7.
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