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., the dividend yield is 3.1%.
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.
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, revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full BRE Ratings Report. See our dividend calendar or top-yielding stocks list.