NEW YORK ( TheStreet) -- The ex-dividend date for BRE Properties (NYSE: BRE) is tomorrow, December 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $47.25 as of 9:35 a.m. ET, the dividend yield is 3.2%.

The average volume for BRE has been 869,500 shares per day over the past 30 days. BRE has a market cap of $3.56 billion and is part of the financial sector and real estate industry. Shares are up 10.9% year to date as of the close of trading on Friday.

BRE Properties Inc., a real estate investment trust (REIT), engages in the development, acquisition, and management of multifamily apartment communities in the western United States. The company has a P/E ratio of 225, above the average real estate industry P/E ratio of 102.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BRE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full BRE Ratings Report.

See our dividend calendar or top-yielding stocks list.
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