Equity Lifestyle Properties (NYSE:ELS) issued an update on its second quarter 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.89-0.95 for the period. Equity Lifestyle Properties also updated its FY 2019 guidance to $4.10-4.20 EPS.

NYSE ELS opened at $112.99 on Tuesday. Equity Lifestyle Properties has a 52 week low of $85.97 and a 52 week high of $117.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $10.28 billion, a PE ratio of 29.20, a PEG ratio of 3.93 and a beta of 0.35.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, April 22nd. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Equity Lifestyle Properties had a net margin of 22.62% and a return on equity of 19.46%. The business had revenue of $259.00 million for the quarter, compared to analysts’ expectations of $251.72 million. During the same period in the previous year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Equity Lifestyle Properties will post 4.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.6125 per share. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.55. This represents a $2.45 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Thursday, March 28th. Equity Lifestyle Properties’s payout ratio is presently 63.31%.

ELS has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Equity Lifestyle Properties from a buy rating to a hold rating in a research report on Tuesday, December 25th. BMO Capital Markets reissued a hold rating and set a $104.00 target price on shares of Equity Lifestyle Properties in a research report on Monday, January 28th. Finally, Wells Fargo & Co cut shares of Equity Lifestyle Properties from an outperform rating to a market perform rating and set a $112.00 target price on the stock. in a research report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $107.75.

In related news, Director David J. Contis sold 6,581 shares of Equity Lifestyle Properties stock in a transaction on Monday, February 4th. The shares were sold at an average price of $105.53, for a total value of $694,492.93. Following the completion of the sale, the director now owns 1,378 shares in the company, valued at $145,420.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.10% of the stock is currently owned by insiders.

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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.

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