Equity LifeStyle Properties (NYSE:ELS) Releases Q2 2021 After-Hours Earnings Guidance

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Equity LifeStyle Properties (NYSE:ELS) updated its second quarter 2021
After-Hours earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.51-0.57 for the period. Equity LifeStyle Properties also updated its FY 2021
After-Hours guidance to 2.33-2.43 EPS.

Several research firms have recently weighed in on ELS. Royal Bank of Canada began coverage on Equity LifeStyle Properties in a report on Tuesday, March 30th. They set a sector perform rating and a $65.00 price target on the stock. Zacks Investment Research upgraded Equity LifeStyle Properties from a hold rating to a buy rating and set a $74.00 price objective for the company in a research note on Thursday. BMO Capital Markets upped their price objective on Equity LifeStyle Properties from $66.00 to $67.00 in a research note on Monday, February 1st. Finally, Robert W. Baird assumed coverage on Equity LifeStyle Properties in a research note on Tuesday, January 19th. They issued an outperform rating and a $67.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Equity LifeStyle Properties presently has an average rating of Buy and a consensus target price of $68.00.

ELS stock traded up $0.60 during trading on Monday, reaching $68.00. The company’s stock had a trading volume of 8,064 shares, compared to its average volume of 937,649. Equity LifeStyle Properties has a 1 year low of $53.52 and a 1 year high of $68.52. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $12.40 billion, a P/E ratio of 56.08, a price-to-earnings-growth ratio of 4.60 and a beta of 0.46. The company’s fifty day moving average is $63.38 and its 200-day moving average is $62.15.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results on Sunday, January 24th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.21). Equity LifeStyle Properties had a return on equity of 16.66% and a net margin of 20.27%. The business had revenue of $271.90 million during the quarter, compared to analysts’ expectations of $267.99 million. During the same quarter in the previous year, the company posted $0.52 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts anticipate that Equity LifeStyle Properties will post 2.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 9th. Shareholders of record on Friday, March 26th were issued a dividend of $0.363 per share. This represents a $1.45 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Thursday, March 25th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.34. Equity LifeStyle Properties’s dividend payout ratio is 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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