The ex-dividend date for Home Properties (NYSE:HME) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $63.96 as of 9:30 a.m., the dividend yield is 4.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Home Properties (NYSE: HME) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $63.96 as of 9:30 a.m. ET, the dividend yield is 4.1%. The average volume for Home has been 445,200 shares per day over the past 30 days. Home has a market cap of $3.1 billion and is part of the financial sector and real estate industry. Shares are up 10.3% year to date as of the close of trading on Wednesday. Home Properties, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It is engaged in the ownership, management, acquisition, rehabilitation and development of residential apartment communities. The company has a P/E ratio of 63.1, below the average real estate industry P/E ratio of 71.6 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Home 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, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Home Ratings Report. See our dividend calendar or top-yielding stocks list.