Equity Lifestyle Properties (ELS) Updates Q1 Earnings Guidance

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%.

Several research firms have commented on ELS. Zacks Investment Research raised shares of Equity Lifestyle Properties from a hold rating to a buy rating and set a $103.00 target price for the company in a research note on Tuesday, December 19th. BMO Capital Markets reaffirmed a hold rating and issued a $95.00 target price on shares of Equity Lifestyle Properties in a research note on Tuesday, January 9th. Evercore ISI raised shares of Equity Lifestyle Properties from an underperform rating to an in-line rating in a research note on Monday, December 4th. TheStreet cut shares of Equity Lifestyle Properties from a b- rating to a c+ rating in a research note on Tuesday, January 16th. Finally, Citigroup lifted their target price on shares of Equity Lifestyle Properties from $86.00 to $88.00 and gave the stock a neutral rating in a research note on Thursday, October 19th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Equity Lifestyle Properties currently has a consensus rating of Hold and an average target price of $89.00.

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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