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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) -- HCP (NYSE: HCP) hit a new 52-week high Thursday as it is currently trading at $49.80, above its previous 52-week high of $49.79 with 905,166 shares traded as of 12:51 p.m. ET. Average volume has been 2.1 million shares over the past 30 days. HCP has a market cap of $22.42 billion and is part of the financial sector and real estate industry. Shares are up 9.4% year to date as of the close of trading on Wednesday. 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 27, above the S&P 500 P/E ratio of 17.7.