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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Health Care REIT (NYSE: HCN) hit a new 52-week high Tuesday as it is currently trading at $62.82, above its previous 52-week high of $62.80 with 862,179 shares traded as of 2:50 p.m. ET. Average volume has been 1.8 million shares over the past 30 days. Health Care REIT has a market cap of $16.11 billion and is part of the financial sector and real estate industry. Shares are up 1.2% year to date as of the close of trading on Friday. Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States. The company has a P/E ratio of 66.7, above the S&P 500 P/E ratio of 17.7.