Equity Stock To Go Ex-dividend Tomorrow (EQR)

NEW YORK ( TheStreet) -- The ex-dividend date for Equity Residential (NYSE: EQR) is tomorrow, March 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $60.61 as of 9:35 a.m. ET, the dividend yield is 2.3%.

The average volume for Equity has been 2.3 million shares per day over the past 30 days. Equity has a market cap of $16.79 billion and is part of the financial sector and real estate industry. Shares are up 7% year to date as of the close of trading on Monday.

Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States. The company has a P/E ratio of 272.6, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Equity 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, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Equity Ratings Report.

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