Equity Lifestyle Properties Sets New 52-Week High at $45.63 (ELS)
Equity Lifestyle Properties (NYSE:ELS) hit a new 52-week high during mid-day trading on Thursday , AR Network reports. The stock traded as high as $45.63 and last traded at $45.30, with a volume of 77,420 shares. The stock had previously closed at $45.34.
Separately, analysts at BMO Capital Markets raised their price target on shares of Equity Lifestyle Properties from $41.00 to $46.00 in a research note on Wednesday, July 23rd. They now have a “market perform” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Equity Lifestyle Properties currently has a consensus rating of “Buy” and an average target price of $43.13.
The stock has a 50-day moving average of $44.65 and a 200-day moving average of $42.67. The company has a market cap of $3.815 billion and a P/E ratio of 32.04.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $188.90 million for the quarter, compared to the consensus estimate of $179.61 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Equity Lifestyle Properties will post $2.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, September 24th.
Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust (REIT).
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