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.
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