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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TheStreet Ratings rates Senior Housing as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Senior Housing Ratings Report.

See our dividend calendar or top-yielding stocks list.
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