Equity Lifestyle Properties (ELS) Releases Quarterly Earnings, Beats Expectations By $0.03 EPS
Equity Lifestyle Properties (NYSE:ELS) issued its quarterly earnings data on Tuesday. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.03, StockRatingsNetwork.com reports. The company had revenue of $179.88 million for the quarter, compared to the consensus estimate of $168.75 million. During the same quarter last year, the company posted $0.58 earnings per share. Equity Lifestyle Properties’s revenue was up 8.8% compared to the same quarter last year.
Shares of Equity Lifestyle Properties (NYSE:ELS) opened at 36.70 on Tuesday. Equity Lifestyle Properties has a one year low of $33.36 and a one year high of $42.86. The stock’s 50-day moving average is $36.43 and its 200-day moving average is $36.50. The company has a market cap of $3.058 billion and a price-to-earnings ratio of 28.74.
ELS has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. upgraded shares of Equity Lifestyle Properties from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, January 7th. Analysts at Zacks upgraded shares of Equity Lifestyle Properties from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 1st. They now have a $42.80 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.46.
Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust (REIT).
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