Equity LifeStyle Properties (NYSE:ELS) Releases Q2 2021 Earnings Guidance


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Equity LifeStyle Properties (NYSE:ELS) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.510-0.570 for the period. The company issued revenue guidance of -.Equity LifeStyle Properties also updated its FY 2021 guidance to 2.330-2.430 EPS.

Several equities analysts have commented on the stock. Robert W. Baird assumed coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, January 19th. They set an outperform rating and a $67.00 target price on the stock. BMO Capital Markets raised their target price on shares of Equity LifeStyle Properties from $66.00 to $67.00 in a research note on Monday, February 1st. Zacks Investment Research cut shares of Equity LifeStyle Properties from a buy rating to a hold rating in a research note on Friday. Finally, Royal Bank of Canada assumed coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, March 30th. They set a sector perform rating and a $65.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $69.80.

Shares of NYSE:ELS traded down $0.25 during trading hours on Tuesday, hitting $68.78. 10,050 shares of the company’s stock traded hands, compared to its average volume of 899,991. Equity LifeStyle Properties has a 52 week low of $53.52 and a 52 week high of $69.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.06 and a current ratio of 0.06. The company’s fifty day simple moving average is $65.94 and its two-hundred day simple moving average is $62.52. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 57.53, a price-to-earnings-growth ratio of 4.60 and a beta of 0.46.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings data on Sunday, April 18th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Equity LifeStyle Properties had a net margin of 20.27% and a return on equity of 16.66%. The business had revenue of $296.00 million for the quarter, compared to the consensus estimate of $282.29 million. During the same quarter last year, the business posted $0.59 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts anticipate that Equity LifeStyle Properties will post 2.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 9th. Shareholders of record on Friday, March 26th were issued a $0.363 dividend. This represents a $1.45 annualized dividend and a dividend yield of 2.11%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, March 25th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 69.38%.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (ÂREITÂ) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

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