NEW YORK ( TheStreet) -- Home Properties (NYSE: HME) is trading at unusually high volume Tuesday with 2.4 million shares changing hands. It is currently at 5.3 times its average daily volume and trading down $3.52 (-5.7%) at $58.67 as of 10:05 a.m. ET. Home has a market cap of $2.6 billion and is part of the financial sector and real estate industry. Shares are up 12.1% 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 89.6, above the average real estate industry P/E ratio of 88.3 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Home as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full Home Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
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