NEW YORK ( TheStreet) -- Home Properties (NYSE: HME) hit a new 52-week high Monday as it is currently trading at $61.15, above its previous 52-week high of $61.10 with 100,452 shares traded as of 12:10 p.m. ET. Average volume has been 352,500 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 8.4% 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 110.7, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 16.7.
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