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. See all 52-week high stocks or get investment ideas from our investment research center.
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