NEW YORK ( TheStreet) -- The ex-dividend date for Senior Housing Properties (NYSE: SNH) is Monday, October 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $21.34 as of 9:30 a.m. ET, the dividend yield is 7%. The average volume for Senior Housing has been 1.7 million shares per day over the past 30 days. Senior Housing has a market cap of $3.3 billion and is part of the financial sector and real estate industry. Shares are down 3.3% year to date as of the close of trading on Thursday. Senior Housing Properties Trust, a real estate investment trust (REIT), primarily invests in senior housing properties in the United States. The trust invests in hospitals, nursing homes, senior apartments, independent living properties, and assisted living properties. The company has a P/E ratio of 19.3, below the average real estate industry P/E ratio of 20.6 and above the S&P 500 P/E ratio of 17.7.
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