Equity Stock To Go Ex-dividend Tomorrow (EQR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Equity Residential (NYSE: EQR) is tomorrow, March 20, 2013. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $55.58 as of 9:31 a.m. ET, the dividend yield is 2.9%.

The average volume for Equity has been two million shares per day over the past 30 days. Equity has a market cap of $20.19 billion and is part of the financial sector and real estate industry. Shares are down 1.9% 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 61, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Equity as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full Equity Ratings Report.

See our dividend calendar or top-yielding stocks list.

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