Equity Lifestyle Properties (NYSE:ELS) updated its FY 2019 earnings guidance on Monday. The company provided earnings per share guidance of $4.10-4.20 for the period. Equity Lifestyle Properties also updated its Q2 2019 guidance to $0.89-0.95 EPS.
Several equities research analysts have issued reports on the company. Zacks Investment Research raised Equity Lifestyle Properties from a hold rating to a buy rating and set a $129.00 target price for the company in a research note on Wednesday, April 3rd. Wells Fargo & Co cut Equity Lifestyle Properties from an outperform rating to a market perform rating and set a $112.00 target price for the company. in a research note on Tuesday, March 26th. Finally, BMO Capital Markets reissued a hold rating and set a $104.00 target price on shares of Equity Lifestyle Properties in a research note on Monday, January 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Equity Lifestyle Properties currently has an average rating of Hold and a consensus price target of $107.75.
Shares of ELS traded down $1.34 during midday trading on Monday, hitting $112.99. 614,918 shares of the stock were exchanged, compared to its average volume of 365,049. Equity Lifestyle Properties has a 52-week low of $85.97 and a 52-week high of $117.05. The firm has a market cap of $10.28 billion, a P/E ratio of 29.20, a P/E/G ratio of 3.93 and a beta of 0.35. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.17.
Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, January 28th. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.41). Equity Lifestyle Properties had a return on equity of 19.46% and a net margin of 22.62%. The firm had revenue of $243.50 million for the quarter, compared to analysts’ expectations of $232.05 million. During the same quarter in the prior year, the business earned $0.84 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts expect that Equity Lifestyle Properties will post 4.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.6125 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.55. This represents a $2.45 dividend on an annualized basis and a yield of 2.17%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 63.31%.
In related news, Director David J. Contis sold 6,581 shares of Equity Lifestyle Properties stock in a transaction on Monday, February 4th. The stock was sold at an average price of $105.53, for a total value of $694,492.93. Following the completion of the transaction, the director now directly owns 1,378 shares in the company, valued at $145,420.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.10% of the company’s stock.
Equity Lifestyle Properties Company Profile
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.