Equity Lifestyle Properties (ELS) to Release Quarterly Earnings on Monday

Equity Lifestyle Properties (NYSE:ELS) is scheduled to announce its earnings results after the market closes on Monday, January 29th. Analysts expect the company to announce earnings of $0.52 per share for the quarter.

Equity Lifestyle Properties (ELS) opened at $85.37 on Monday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $7,498.64, a price-to-earnings ratio of 40.85, a price-to-earnings-growth ratio of 4.22 and a beta of 0.30. Equity Lifestyle Properties has a 12-month low of $72.25 and a 12-month high of $91.94.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $0.488 per share. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. The ex-dividend date was Thursday, December 28th. This represents a $1.95 annualized dividend and a yield of 2.29%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 93.30%.

Several research analysts have weighed in on ELS shares. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Tuesday, December 19th. TheStreet cut Equity Lifestyle Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, January 16th. BMO Capital Markets reiterated a “hold” rating and set a $95.00 price objective on shares of Equity Lifestyle Properties in a research report on Tuesday, January 9th. Cantor Fitzgerald reiterated a “hold” rating and set a $81.00 price objective on shares of Equity Lifestyle Properties in a research report on Monday, October 16th. Finally, Robert W. Baird reiterated a “hold” rating and set a $95.00 price objective on shares of Equity Lifestyle Properties in a research report on Monday, December 11th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Equity Lifestyle Properties currently has a consensus rating of “Hold” and a consensus target price of $89.00.

In other news, insider Marguerite M. Nader sold 12,500 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $88.30, for a total transaction of $1,103,750.00. Following the sale, the insider now directly owns 97,868 shares of the company’s stock, valued at approximately $8,641,744.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Howard Walker sold 1,200 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $88.74, for a total value of $106,488.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,475 shares of company stock worth $1,894,283. 6.10% of the stock is currently owned by insiders.

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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.

Earnings History for Equity Lifestyle Properties (NYSE:ELS)

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