Equity Lifestyle Properties (ELS) Updates FY18 Earnings Guidance

Equity Lifestyle Properties (NYSE:ELS) updated its FY18 earnings guidance on Monday. The company provided earnings per share guidance of $3.80-3.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.88. Equity Lifestyle Properties also updated its Q1 guidance to $1.00-1.06 EPS.

Several research analysts have commented on the stock. BMO Capital Markets restated a hold rating and issued a $95.00 target price on shares of Equity Lifestyle Properties in a research report on Tuesday, January 9th. Cantor Fitzgerald restated a hold rating and issued a $81.00 target price on shares of Equity Lifestyle Properties in a research report on Monday, October 16th. Robert W. Baird restated a hold rating and issued a $95.00 target price on shares of Equity Lifestyle Properties in a research report on Monday, December 11th. Evercore ISI upgraded shares of Equity Lifestyle Properties from an underperform rating to an in-line rating in a research report on Monday, December 4th. Finally, Zacks Investment Research cut shares of Equity Lifestyle Properties from a buy rating to a hold rating in a research report on Wednesday, December 20th. Six equities research 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 an average rating of Hold and an average price target of $89.00.

Equity Lifestyle Properties (NYSE ELS) traded down $1.21 during midday trading on Monday, reaching $84.78. 547,037 shares of the company’s stock traded hands, compared to its average volume of 371,381. Equity Lifestyle Properties has a 1 year low of $72.25 and a 1 year high of $91.94. 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 company has a market cap of $7,553.08, a PE ratio of 40.56, a price-to-earnings-growth ratio of 4.25 and a beta of 0.30.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a $0.488 dividend. The ex-dividend date was Thursday, December 28th. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 2.30%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 93.30%.

In other news, Vice Chairman Howard Walker sold 1,200 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $88.74, for a total value of $106,488.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marguerite M. Nader sold 12,500 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $88.30, for a total transaction of $1,103,750.00. Following the completion of the transaction, the insider now owns 97,868 shares of the company’s stock, valued at $8,641,744.40. The disclosure for this sale can be found here. Insiders sold 21,475 shares of company stock valued at $1,894,283 over the last quarter. Insiders own 6.10% of the company’s stock.

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About Equity Lifestyle Properties

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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