Equity Lifestyle Properties, Inc. (NYSE:ELS) Announces $0.54 Quarterly Dividend

Equity Lifestyle Properties, Inc. (NYSE:ELS) declared a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, September 25th will be given a dividend of 0.5425 per share by the real estate investment trust on Friday, October 9th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, September 25th.

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 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 Trading Up 0.4%

NYSE:ELS traded up $0.26 during trading hours on Wednesday, hitting $66.28. 51,227 shares of the stock were exchanged, compared to its average volume of 1,696,583. The company has a market capitalization of $12.86 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 3.96 and a beta of 0.66. The company has a quick ratio of 0.04, a current ratio of 0.02 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $63.82 and its two-hundred day moving average is $64.30. Equity Lifestyle Properties has a twelve month low of $58.15 and a twelve month high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.22). The firm had revenue of $397.81 million during the quarter, compared to analyst estimates of $383.66 million. Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.69 earnings per share. On average, sell-side analysts anticipate 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.