Equity Lifestyle Properties, Inc. (NYSE:ELS) Issues FY17 Earnings Guidance
Equity Lifestyle Properties, Inc. (NYSE:ELS) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.52-3.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.58. Equity Lifestyle Properties also updated its Q3 guidance to $0.86-0.92 EPS.
Equity Lifestyle Properties, Inc. (NYSE ELS) traded up 1.36% during mid-day trading on Monday, reaching $86.32. 375,842 shares of the company’s stock were exchanged. Equity Lifestyle Properties, Inc. has a 12 month low of $65.87 and a 12 month high of $87.76. The stock has a 50-day moving average of $84.97 and a 200-day moving average of $78.54. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 43.60 and a beta of 0.31.
Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, July 17th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. Equity Lifestyle Properties had a net margin of 21.87% and a return on equity of 20.44%. The firm had revenue of $221.30 million during the quarter, compared to analysts’ expectations of $209.80 million. During the same period in the prior year, the company posted $0.75 EPS. The company’s revenue was up 5.3% on a year-over-year basis. Analysts anticipate that Equity Lifestyle Properties, Inc. will post $2.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a $0.4875 dividend. This represents a $1.95 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, June 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 98.49%.
Several brokerages have issued reports on ELS. BidaskClub cut shares of Equity Lifestyle Properties from a strong-buy rating to a buy rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a hold rating to a buy rating and set a $97.00 price target for the company in a research report on Thursday, June 22nd. TheStreet upgraded shares of Equity Lifestyle Properties from a c+ rating to a b rating in a research report on Monday, April 17th. Finally, Evercore ISI upped their price target on shares of Equity Lifestyle Properties from $74.00 to $77.00 and gave the company an underperform rating in a research report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $80.50.
In other Equity Lifestyle Properties news, Vice Chairman Howard Walker sold 1,608 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $82.11, for a total value of $132,032.88. Following the completion of the transaction, the insider now directly owns 57,265 shares in the company, valued at approximately $4,702,029.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.10% of the company’s stock.
Equity Lifestyle Properties Company Profile
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an 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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