Equity Lifestyle Properties (ELS) Issues Q2 Earnings Guidance

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.

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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.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Friday, March 30th were given a dividend of $0.55 per share. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. This represents a $2.20 annualized dividend and a yield of 2.53%. The ex-dividend date was Wednesday, March 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 61.11%.

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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