NEW YORK ( TheStreet) -- Home Properties (NYSE: HME) hit a new 52-week high Friday as it is currently trading at $59.97, above its previous 52-week high of $59.96 with 75,892 shares traded as of 11:26 a.m. ET. Average volume has been 355,600 shares over the past 30 days. Home has a market cap of $2.3 billion and is part of the financial sector and real estate industry. Shares are up 7.1% 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 107.1, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 16.4.
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