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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) -- Federal Realty Investment (NYSE: FRT) hit a new 52-week high Friday as it is currently trading at $113.71, above its previous 52-week high of $113.65 with 196,770 shares traded as of 4 p.m. ET. Average volume has been 379,600 shares over the past 30 days. Federal Realty Investment has a market cap of $7.35 billion and is part of the financial sector and real estate industry. Shares are up 8.6% year to date as of the close of trading on Thursday. Federal Realty Investment Trust operates as a real estate investment trust, which engages in the ownership, management, development, and redevelopment of retail and mixed-use properties. The company has a P/E ratio of 52.2, above the S&P 500 P/E ratio of 17.7.