This study aims to examine and analyze the effect of total asset turnover, price to book value, debt to equity ratio to expected return with trading volume activity as an intervening variable (study on property and real estate companies listed on the IDX for the 2013-2017 period). The total sample in this study as many as 35 companies with purposive sampling sampling techniques obtained data as much as 148 data. The analytical tool used in this study is the analysis of Multiple Linear Regression using the SPSS 21.0. Based on the analysis of Multiple Linear Regression that has been carried out, the results show that total asset turnover, price to book value, debt to equity ratio have a significant positive effect on trading volume activity. Other results show that total asset turnover does not have a significant effect on expected return but price to book value and debt to equity ratio have a significant positive effect on expected return. The results of the path analysis analysis show that the total asset turnover, price to book value, debt to equity ratio has a significant positive effect on the expected return with trading volume activity as an intervening variable.