NEW YORK ( TheStreet) -- Home Properties (NYSE: HME) hit a new 52-week high Wednesday as it is currently trading at $63.73, above its previous 52-week high of $63.72 with 234,258 shares traded as of 3:26 p.m. ET. Average volume has been 373,400 shares over the past 30 days. Home has a market cap of $2.5 billion and is part of the financial sector and real estate industry. Shares are up 14.5% 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 95.1, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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