NEW YORK ( TheStreet) -- Home Properties (NYSE: HME) hit a new 52-week low Wednesday as it is currently trading at $52.52, below its previous 52-week low of $52.57 with 181,629 shares traded as of 11:30 a.m. ET. Average volume has been one million shares over the past 30 days. Home has a market cap of $2.63 billion and is part of the financial sector and real estate industry. Shares are down 1.7% 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 71.7, above the average real estate industry P/E ratio of 70.8 and above the S&P 500 P/E ratio of 17.7.
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