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NEW YORK ( TheStreet) -- The ex-dividend date for Alexandria Real Estate Equities (NYSE: ARE) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 51 cents per share. At a price of $69.44 as of 10:05 a.m. ET, the dividend yield is 2.9%. The average volume for Alexandria Real Estate Equities has been 377,600 shares per day over the past 30 days. Alexandria Real Estate Equities has a market cap of $4.34 billion and is part of the financial sector and real estate industry. Shares are up 1.3% year to date as of the close of trading on Monday. Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. The company has a P/E ratio of 43.4, below the average real estate industry P/E ratio of 44.2 and above the S&P 500 P/E ratio of 17.7.