Equity Lifestyle Properties, Inc. (ELS) To Go Ex-Dividend on June 26th

Equity Lifestyle Properties, Inc. (NYSE:ELS) declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, June 26th will be paid a dividend of 0.5425 per share by the real estate investment trust on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, June 26th.

Equity Lifestyle Properties has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 21 consecutive years. Equity Lifestyle Properties has a dividend payout ratio of 102.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Equity Lifestyle Properties to earn $3.35 per share next year, which means the company should continue to be able to cover its $2.17 annual dividend with an expected future payout ratio of 64.8%.

Equity Lifestyle Properties Stock Up 1.0%

NYSE ELS opened at $62.63 on Wednesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. Equity Lifestyle Properties has a 1-year low of $58.15 and a 1-year high of $69.00. The company has a 50 day moving average of $63.08 and a 200-day moving average of $63.63. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 3.77 and a beta of 0.67.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.28). The company had revenue of $397.62 million during the quarter, compared to the consensus estimate of $395.71 million. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 earnings per share. On average, equities research analysts expect that Equity Lifestyle Properties will post 3.18 earnings per share for the current fiscal year.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.