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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) -- Plum Creek Timber (NYSE: PCL) hit a new 52-week high Thursday as it is currently trading at $50.50, above its previous 52-week high of $50.13 with 357,207 shares traded as of 12:26 p.m. ET. Average volume has been 715,800 shares over the past 30 days. Plum Creek Timber has a market cap of $8.06 billion and is part of the financial sector and real estate industry. Shares are up 11.9% year to date as of the close of trading on Wednesday. Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The company has a P/E ratio of 39.7, above the S&P 500 P/E ratio of 17.7.