NEW YORK ( TheStreet) -- The ex-dividend date for BRE Properties (NYSE: BRE) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $49.65 as of 9:30 a.m. ET, the dividend yield is 3.1%.

The average volume for BRE has been 568,200 shares per day over the past 30 days. BRE has a market cap of $3.79 billion and is part of the financial sector and real estate industry. Shares are down 1.6% 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 71.1, below the average real estate industry P/E ratio of 109.5 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full BRE Ratings Report.

See our dividend calendar or top-yielding stocks list.