NEW YORK ( TheStreet) -- Home Properties (NYSE: HME) hit a new 52-week high Friday as it traded at $56.94 compared with its previous 52-Week high of $56.93. Home is changing hands at $56.88 with 94,481 shares traded as of 10:56 a.m. ET. Average volume has been 334,600 shares over the past 30 days.

Home has a market cap of $2.1 billion and is part of the financial sector and real estate industry. Shares are up 0.8% year to date as of the close of trading on Thursday.

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 104.3, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Home as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Home Ratings Report.

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