Equity LifeStyle Properties (NYSE:ELS – Get Free Report) updated its second quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.61-0.67 for the period, compared to the consensus estimate of $0.66. Equity LifeStyle Properties also updated its FY 2024 guidance to 2.840-2.940 EPS.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on ELS. Deutsche Bank Aktiengesellschaft began coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, January 30th. They set a hold rating and a $64.00 price target for the company. Wolfe Research raised shares of Equity LifeStyle Properties from a peer perform rating to an outperform rating and set a $75.00 price target for the company in a research note on Friday, February 9th. Royal Bank of Canada reissued a sector perform rating and set a $70.00 target price on shares of Equity LifeStyle Properties in a research note on Wednesday, January 31st. Finally, Truist Financial lowered their target price on shares of Equity LifeStyle Properties from $73.00 to $72.00 and set a hold rating for the company in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Equity LifeStyle Properties presently has a consensus rating of Hold and an average price target of $70.15.
View Our Latest Analysis on Equity LifeStyle Properties
Equity LifeStyle Properties Stock Down 0.5 %
Equity LifeStyle Properties Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.13%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 104.37%.
Equity LifeStyle Properties Company Profile
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.
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