Equity Lifestyle Properties (NYSE:ELS) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $1.00-1.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.08. Equity Lifestyle Properties also updated its FY18 guidance to $3.80-3.90 EPS.
Shares of Equity Lifestyle Properties (ELS) traded down $1.21 during trading on Monday, hitting $84.78. The company had a trading volume of 547,037 shares, compared to its average volume of 371,381. The firm has a market cap of $7,553.08, a P/E ratio of 40.56, a P/E/G ratio of 4.25 and a beta of 0.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.06 and a quick ratio of 0.06. Equity Lifestyle Properties has a 1 year low of $72.25 and a 1 year high of $91.94.
The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a $0.488 dividend. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, December 28th. Equity Lifestyle Properties’s payout ratio is presently 93.30%.
In other news, insider Marguerite M. Nader sold 12,500 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 97,868 shares of the company’s stock, valued at approximately $8,641,744.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Howard Walker sold 1,200 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $88.74, for a total transaction of $106,488.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,475 shares of company stock valued at $1,894,283 over the last three months. Corporate insiders own 6.10% of the company’s stock.
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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.
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