Equity Lifestyle Properties, Inc. (ELS) Releases Q4 Earnings Guidance
Equity Lifestyle Properties, Inc. (NYSE:ELS) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.84-0.90 for the period, compared to the Thomson Reuters consensus estimate of $0.89. Equity Lifestyle Properties also updated its FY17 guidance to $3.56-3.62 EPS.
Equity Lifestyle Properties, Inc. (ELS) opened at 87.48 on Wednesday. The firm’s 50-day moving average price is $87.37 and its 200 day moving average price is $85.12. Equity Lifestyle Properties, Inc. has a 12-month low of $65.87 and a 12-month high of $90.80. The stock has a market capitalization of $7.65 billion, a P/E ratio of 41.82 and a beta of 0.32.
Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings results on Monday, October 16th. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.34). Equity Lifestyle Properties had a return on equity of 21.39% and a net margin of 22.52%. The firm had revenue of $241.63 million for the quarter, compared to analyst estimates of $226.85 million. During the same quarter last year, the company earned $0.83 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts anticipate that Equity Lifestyle Properties, Inc. will post $2.15 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a dividend of $0.4875 per share. This represents a $1.95 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Thursday, September 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 93.30%.
ELS has been the topic of a number of research reports. Cantor Fitzgerald restated a hold rating and set a $81.00 price target on shares of Equity Lifestyle Properties in a research note on Wednesday, September 13th. Zacks Investment Research upgraded Equity Lifestyle Properties from a hold rating to a buy rating and set a $99.00 price target on the stock in a research note on Tuesday, August 29th. BMO Capital Markets initiated coverage on Equity Lifestyle Properties in a research note on Monday, October 9th. They set a market perform rating and a $92.00 price target on the stock. Finally, BidaskClub upgraded Equity Lifestyle Properties from a buy rating to a strong-buy rating in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $87.60.
In related news, Chairman Samuel Zell acquired 805,333 shares of Equity Lifestyle Properties stock in a transaction dated Friday, July 21st. The shares were acquired at an average cost of $87.43 per share, for a total transaction of $70,410,264.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is currently owned by company insiders.
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Equity Lifestyle Properties Company Profile
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.
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