NEW YORK (

TheStreet

) --

Home Properties

(NYSE:

HME

) hit a new 52-week low Wednesday as it is currently trading at $52.52, below its previous 52-week low of $52.57 with 181,629 shares traded as of 11:30 a.m. ET. Average volume has been one million shares over the past 30 days.

Home has a market cap of $2.63 billion and is part of the

financial

sector and

real estate

industry. Shares are down 1.7% year to date as of the close of trading on Tuesday.

Home Properties, Inc., a real estate investment trust (REIT), engages in the ownership, operation, acquisition, development, and rehabilitation of apartment communities in the United States. The company has a P/E ratio of 71.7, above the average real estate industry P/E ratio of 70.8 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Home as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full

Home Ratings Report

.

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