NEW YORK ( TheStreet) -- Home Properties (NYSE: HME) hit a new 52-week high Tuesday as it is currently trading at $64.88, above its previous 52-week high of $64.50 with 9,760 shares traded as of 9:33 a.m. ET. Average volume has been 386,400 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 15% year to date as of the close of trading on Monday. 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 97.6, 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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