Equity Lifestyle Properties (NYSE:ELS) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.85-0.91 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.89. Equity Lifestyle Properties also updated its FY18 guidance to $3.81-3.91 EPS.
Shares of Equity Lifestyle Properties stock opened at $87.09 on Tuesday. Equity Lifestyle Properties has a 1 year low of $79.54 and a 1 year high of $91.94. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21. The firm has a market cap of $7,722.50, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 4.31 and a beta of 0.19.
Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.33). Equity Lifestyle Properties had a return on equity of 20.84% and a net margin of 22.41%. The business had revenue of $229.99 million for the quarter, compared to analysts’ expectations of $210.71 million. research analysts forecast that Equity Lifestyle Properties will post 3.88 EPS for the current year.
ELS has been the topic of several research reports. Zacks Investment Research raised shares of Equity Lifestyle Properties from a hold rating to a buy rating and set a $96.00 price objective on the stock in a research report on Wednesday, March 28th. TheStreet downgraded shares of Equity Lifestyle Properties from a b- rating to a c+ rating in a research report on Tuesday, January 16th. BMO Capital Markets set a $94.00 target price on shares of Equity Lifestyle Properties and gave the company a hold rating in a report on Monday, February 5th. Cantor Fitzgerald set a $85.00 target price on shares of Equity Lifestyle Properties and gave the company a hold rating in a report on Tuesday, January 30th. Finally, Robert W. Baird set a $90.00 target price on shares of Equity Lifestyle Properties and gave the company a neutral rating in a report on Friday, January 5th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $91.00.
In other news, EVP Roger Maynard sold 10,000 shares of Equity Lifestyle Properties stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $85.22, for a total value of $852,200.00. Following the sale, the executive vice president now owns 161,489 shares of the company’s stock, valued at $13,762,092.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is owned by insiders.
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About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.
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