Equity Lifestyle Properties (NYSE:ELS) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $4.10-4.20 for the period. Equity Lifestyle Properties also updated its FY19 guidance to $4.10-4.20 EPS.
Several research firms recently issued reports on ELS. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a hold rating to a buy rating and set a $129.00 price objective for the company in a research report on Wednesday, April 3rd. Wells Fargo & Co cut shares of Equity Lifestyle Properties from an outperform rating to a market perform rating and set a $112.00 price target for the company. in a research report on Tuesday, March 26th. Finally, BMO Capital Markets reiterated a hold rating and set a $104.00 price target on shares of Equity Lifestyle Properties in a research report on Monday, January 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $107.75.
Shares of ELS opened at $114.10 on Wednesday. Equity Lifestyle Properties has a 1-year low of $85.97 and a 1-year high of $117.05. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 3.93 and a beta of 0.35. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.17.
Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, April 22nd. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Equity Lifestyle Properties had a net margin of 22.62% and a return on equity of 19.46%. The business had revenue of $259.00 million during the quarter, compared to analysts’ expectations of $251.72 million. During the same period last year, the business earned $1.04 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts predict that Equity Lifestyle Properties will post 4.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.6125 per share. The ex-dividend date of this dividend was Thursday, March 28th. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.55. This represents a $2.45 dividend on an annualized basis and a dividend yield of 2.15%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 63.31%.
In other Equity Lifestyle Properties news, Director David J. Contis sold 6,581 shares of Equity Lifestyle Properties stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $105.53, for a total transaction of $694,492.93. Following the completion of the sale, the director now directly owns 1,378 shares in the company, valued at $145,420.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.10% of the stock is owned by company insiders.
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Equity Lifestyle Properties Company Profile
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.
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