Wall Street brokerages predict that Equity LifeStyle Properties, Inc. (NYSE:ELS) will post earnings per share of $0.61 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Equity LifeStyle Properties’ earnings. Equity LifeStyle Properties reported earnings of $0.55 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.9%. The firm is scheduled to report its next quarterly earnings results on Monday, October 18th.
On average, analysts expect that Equity LifeStyle Properties will report full year earnings of $2.47 per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of $2.61 per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Equity LifeStyle Properties.
Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results on Sunday, July 18th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. The business had revenue of $317.42 million for the quarter, compared to analysts’ expectations of $262.68 million. Equity LifeStyle Properties had a net margin of 20.64% and a return on equity of 18.54%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share.
Equity LifeStyle Properties stock opened at $82.65 on Friday. The stock has a market cap of $15.07 billion, a P/E ratio of 62.54, a P/E/G ratio of 6.49 and a beta of 0.50. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average price is $83.12 and its two-hundred day moving average price is $74.50. Equity LifeStyle Properties has a 52 week low of $57.93 and a 52 week high of $88.47.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 8th. Shareholders of record on Friday, September 24th will be issued a $0.363 dividend. This represents a $1.45 annualized dividend and a yield of 1.76%. The ex-dividend date is Thursday, September 23rd. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 66.82%.
A number of institutional investors have recently added to or reduced their stakes in the business. Rafferty Asset Management LLC raised its stake in shares of Equity LifeStyle Properties by 52.0% in the second quarter. Rafferty Asset Management LLC now owns 13,853 shares of the real estate investment trust’s stock worth $1,029,000 after purchasing an additional 4,738 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Equity LifeStyle Properties by 7.9% in the first quarter. Envestnet Asset Management Inc. now owns 146,235 shares of the real estate investment trust’s stock worth $9,306,000 after purchasing an additional 10,656 shares during the last quarter. SG Capital Management LLC purchased a new position in shares of Equity LifeStyle Properties in the second quarter worth $3,193,000. Advisors Asset Management Inc. raised its stake in shares of Equity LifeStyle Properties by 3.2% in the second quarter. Advisors Asset Management Inc. now owns 38,461 shares of the real estate investment trust’s stock worth $2,858,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. raised its stake in shares of Equity LifeStyle Properties by 9.1% in the first quarter. Waratah Capital Advisors Ltd. now owns 814,389 shares of the real estate investment trust’s stock worth $51,828,000 after purchasing an additional 68,143 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors and hedge funds.
About Equity LifeStyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations; and Home Sales and Rentals Operations.
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