Equity Lifestyle Properties (NYSE:ELS) Releases Q3 2019 Earnings Guidance

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Equity Lifestyle Properties (NYSE:ELS) updated its third quarter 2019 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.03-1.09 for the period. Equity Lifestyle Properties also updated its FY 2019 guidance to $4.12-4.22 EPS.

A number of research firms have recently issued reports on ELS. Zacks Investment Research downgraded Haynes International from a hold rating to a sell rating in a research report on Wednesday, May 8th. BMO Capital Markets upped their price objective on Inflarx to $64.00 and gave the stock an outperform rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Co restated a sell rating on shares of American States Water in a research note on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $110.42.

Shares of NYSE ELS opened at $123.64 on Tuesday. The stock’s fifty day moving average is $123.44. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. Equity Lifestyle Properties has a 1-year low of $89.22 and a 1-year high of $128.43. The stock has a market cap of $11.05 billion, a PE ratio of 31.95, a P/E/G ratio of 4.02 and a beta of 0.26.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. Equity Lifestyle Properties had a return on equity of 22.97% and a net margin of 27.24%. The company had revenue of $248.37 million during the quarter, compared to analysts’ expectations of $244.91 million. During the same period last year, the business posted $0.89 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Analysts predict that Equity Lifestyle Properties will post 4.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a $0.6125 dividend. This represents a $2.45 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Thursday, June 27th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 63.31%.

About Equity Lifestyle Properties

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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