Equity Lifestyle Properties (ELS) Updates Q2 Earnings Guidance

Equity Lifestyle Properties (NYSE:ELS) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.85-0.91 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.89. Equity Lifestyle Properties also updated its FY18 guidance to $3.81-3.91 EPS.

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets reiterated a hold rating and set a $95.00 target price on shares of Equity Lifestyle Properties in a research report on Tuesday, January 9th. Cantor Fitzgerald set a $85.00 target price on shares of Equity Lifestyle Properties and gave the stock a hold rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a hold rating to a buy rating and set a $98.00 target price on the stock in a research report on Tuesday, April 3rd. TheStreet lowered shares of Equity Lifestyle Properties from a b- rating to a c+ rating in a research report on Tuesday, January 16th. Finally, Robert W. Baird set a $90.00 price target on shares of Equity Lifestyle Properties and gave the stock a neutral rating in a research note on Friday, January 5th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $91.00.

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ELS opened at $87.67 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21. The company has a market cap of $7,727.82, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 4.31 and a beta of 0.19. Equity Lifestyle Properties has a fifty-two week low of $79.71 and a fifty-two week high of $91.94.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.33). The business had revenue of $229.99 million for the quarter, compared to the consensus estimate of $210.71 million. Equity Lifestyle Properties had a return on equity of 20.63% and a net margin of 22.20%. equities research analysts anticipate that Equity Lifestyle Properties will post 3.88 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Friday, March 30th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.51%. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Wednesday, March 28th. Equity Lifestyle Properties’s payout ratio is 61.11%.

In related news, EVP Roger Maynard sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $85.22, for a total transaction of $852,200.00. Following the completion of the sale, the executive vice president now directly owns 161,489 shares of the company’s stock, valued at $13,762,092.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.20% of the company’s stock.

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Equity Lifestyle Properties Company Profile

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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