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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) -- Highwoods Properties (NYSE: HIW) hit a new 52-week high Tuesday as it is currently trading at $39.77, above its previous 52-week high of $39.67 with 27,209 shares traded as of 9:36 a.m. ET. Average volume has been 882,300 shares over the past 30 days. Highwoods has a market cap of $3.19 billion and is part of the financial sector and real estate industry. Shares are up 18.3% year to date as of the close of trading on Monday. Highwoods Properties, Inc. is a real estate investment trust. The trust engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties. It invests in the real estate markets of United States. The company has a P/E ratio of 66, above the S&P 500 P/E ratio of 17.7.