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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) -- Macerich Company (NYSE: MAC) hit a new 52-week high Thursday as it is currently trading at $62.84, above its previous 52-week high of $62.83 with 78,286 shares traded as of 11:08 a.m. ET. Average volume has been 774,300 shares over the past 30 days. Macerich has a market cap of $8.56 billion and is part of the financial sector and real estate industry. Shares are up 6.4% year to date as of the close of trading on Wednesday. The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. The company has a P/E ratio of 30.7, above the S&P 500 P/E ratio of 17.7.