NEW YORK ( TheStreet) -- The ex-dividend date for Home Properties (NYSE: HME) is tomorrow, May 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $61.09 as of 9:31 a.m. ET, the dividend yield is 4%. The average volume for Home has been 348,400 shares per day over the past 30 days. Home has a market cap of $2.4 billion and is part of the financial sector and real estate industry. Shares are up 10.7% year to date as of the close of trading on Wednesday. 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 94.1, below the average real estate industry P/E ratio of 115 and above the S&P 500 P/E ratio of 17.7.
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