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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) -- Alexandria Real Estate Equities (NYSE: ARE) hit a new 52-week high Wednesday as it is currently trading at $77.58, above its previous 52-week high of $77.54 with 546,550 shares traded as of 2:10 p.m. ET. Average volume has been 442,000 shares over the past 30 days. Alexandria Real Estate Equities has a market cap of $4.83 billion and is part of the financial sector and real estate industry. Shares are up 11.7% year to date as of the close of trading on Tuesday. Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. The company has a P/E ratio of 64.1, above the S&P 500 P/E ratio of 17.7.