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NEW YORK ( TheStreet) -- American Campus Communities (NYSE: ACC) hit a new 52-week high Thursday as it is currently trading at $47.42, above its previous 52-week high of $47.22 with 23,813 shares traded as of 9:35 a.m. ET. Average volume has been one million shares over the past 30 days. American Campus has a market cap of $3.49 billion and is part of the financial sector and real estate industry. Shares are up 11.4% year to date as of the close of trading on Wednesday. American Campus Communities, Inc. is an independent equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in developing, owning, and managing high-quality student housing communities. The company has a P/E ratio of 70.8, below the average real estate industry P/E ratio of 79.2 and above the S&P 500 P/E ratio of 17.7.