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) -- The ex-dividend date for

Essex Property



) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of $1.04 per share. At a price of $125.18 as of 9:35 a.m. ET, the dividend yield is 3.4%.

The average volume for Essex Property has been 330,400 shares per day over the past 30 days. Essex Property has a market cap of $4.2 billion and is part of the


sector and

real estate

industry. Shares are up 8.8% year to date as of the close of trading on Monday.

Essex Property Trust, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities primarily in the West Coast of the United States. The company has a P/E ratio of 153, above the average real estate industry P/E ratio of 130.5 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Essex Property as a


. 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, disappointing return on equity and premium valuation. You can view the full

Essex Property Ratings Report


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