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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) -- Equity Residential (NYSE: EQR) hit a new 52-week low Thursday as it is currently trading at $53, below its previous 52-week low of $53.25 with 1.4 million shares traded as of 3:21 p.m. ET. Average volume has been 2.2 million shares over the past 30 days. Equity has a market cap of $20.39 billion and is part of the financial sector and real estate industry. Shares are down 2.9% year to date as of the close of trading on Wednesday. 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 102.9, above the S&P 500 P/E ratio of 17.7.