Equity LifeStyle Properties (NYSE:ELS) Issues FY 2021 After-Hours Earnings Guidance

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Equity LifeStyle Properties (NYSE:ELS) updated its FY 2021
After-Hours earnings guidance on Monday. The company provided EPS guidance of 2.33-2.43 for the period. Equity LifeStyle Properties also updated its guidance to EPS.

A number of analysts recently issued reports on ELS shares. BMO Capital Markets increased their target price on shares of Equity LifeStyle Properties from $66.00 to $67.00 in a research report on Monday, February 1st. Royal Bank of Canada began coverage on Equity LifeStyle Properties in a research report on Tuesday, March 30th. They set a sector perform rating and a $65.00 price target on the stock. Zacks Investment Research downgraded Equity LifeStyle Properties from a buy rating to a hold rating in a research note on Monday. Finally, Robert W. Baird started coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, January 19th. They issued an outperform rating and a $67.00 target price for the company. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Equity LifeStyle Properties has an average rating of Hold and a consensus price target of $68.00.

Shares of NYSE:ELS opened at $68.46 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 57.05, a PEG ratio of 4.60 and a beta of 0.46. Equity LifeStyle Properties has a 1-year low of $53.52 and a 1-year high of $69.43. The company has a 50 day moving average price of $63.83 and a 200 day moving average price of $62.25.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings data on Sunday, April 18th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $296.00 million for the quarter, compared to analyst estimates of $282.29 million. Equity LifeStyle Properties had a net margin of 20.27% and a return on equity of 16.66%. Equity LifeStyle Properties’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. On average, sell-side analysts expect that Equity LifeStyle Properties will post 2.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 9th. Investors of record on Friday, March 26th were paid a $0.363 dividend. The ex-dividend date of this dividend was Thursday, March 25th. This represents a $1.45 dividend on an annualized basis and a yield of 2.12%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.34. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 69.38%.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (ÂREITÂ) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

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