NEW YORK ( TheStreet) -- The ex-dividend date for Home Properties (NYSE: HME) is tomorrow, August 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $60.58 as of 9:37 a.m. ET, the dividend yield is 4.1%.

The average volume for Home has been 401,700 shares per day 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 7.6% 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 84.2, below the average real estate industry P/E ratio of 90.5 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Home as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. 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.

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