Equity Lifestyle Properties Inc. (ELS) to Release Quarterly Earnings on Tuesday
Equity Lifestyle Properties Inc. (NYSE:ELS) is scheduled to issue its quarterly earnings data on Tuesday, October 18th. Equity Lifestyle Properties has set its Q3 guidance at $0.79 – $0.85 EPS and its FY16 guidance at $3.22-3.32 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Monday, July 18th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The company earned $210.10 million during the quarter, compared to analyst estimates of $114.76 million. Equity Lifestyle Properties had a return on equity of 20.11% and a net margin of 21.01%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share. On average, analysts expect Equity Lifestyle Properties to post $3.30 EPS for the current fiscal year and $3.53 EPS for the next fiscal year.
Shares of Equity Lifestyle Properties Inc. (NYSE:ELS) opened at 74.98 on Friday. Equity Lifestyle Properties Inc. has a 1-year low of $57.71 and a 1-year high of $83.19. The company’s 50-day moving average price is $76.79 and its 200 day moving average price is $75.66. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 40.46 and a beta of 0.40.
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The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Wednesday, September 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 91.40%.
A number of institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors Inc. increased its stake in Equity Lifestyle Properties by 2.6% in the second quarter. Teachers Advisors Inc. now owns 734,067 shares of the company’s stock valued at $58,762,000 after buying an additional 18,710 shares during the last quarter. Columbia Wanger Asset Management LLC bought a new stake in Equity Lifestyle Properties during the second quarter valued at approximately $41,492,000. Nuveen Asset Management LLC increased its stake in Equity Lifestyle Properties by 4.2% in the second quarter. Nuveen Asset Management LLC now owns 485,169 shares of the company’s stock valued at $38,838,000 after buying an additional 19,763 shares during the last quarter. Janus Capital Management LLC increased its stake in Equity Lifestyle Properties by 10.2% in the second quarter. Janus Capital Management LLC now owns 344,200 shares of the company’s stock valued at $27,553,000 after buying an additional 31,871 shares during the last quarter. Finally, Allianz Asset Management AG increased its stake in Equity Lifestyle Properties by 392.4% in the second quarter. Allianz Asset Management AG now owns 338,857 shares of the company’s stock valued at $27,126,000 after buying an additional 270,035 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $77.00 target price on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Citigroup Inc. raised their target price on shares of Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Finally, TheStreet lowered shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$71.25.
Equity Lifestyle Properties Company Profile
Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations, and Home Sales and Rentals Operations.
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