NEW YORK ( TheStreet) -- The ex-dividend date for BRE Properties (NYSE: BRE) is tomorrow, June 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 $48.61 as of 9:59 a.m. ET, the dividend yield is 3.1%. The average volume for BRE has been 733,700 shares per day over the past 30 days. BRE has a market cap of $3.82 billion and is part of the financial sector and real estate industry. Shares are down 2.7% year to date as of the close of trading on Monday. BRE Properties Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It focuses on the development, acquisition, and management of multifamily apartment communities. BRE Properties Inc. The company has a P/E ratio of 63.1, above the average real estate industry P/E ratio of 48.9 and above the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter