Equity Lifestyle Properties (NYSE:ELS) Issues Q3 Earnings Guidance

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Equity Lifestyle Properties (NYSE:ELS) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $1.03-1.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.07. Equity Lifestyle Properties also updated its FY 2019 guidance to $4.12-4.22 EPS.

Shares of NYSE:ELS traded up $0.14 during midday trading on Monday, hitting $122.93. The stock had a trading volume of 293,792 shares, compared to its average volume of 457,370. The stock has a 50-day moving average price of $123.44. The company has a market capitalization of $11.05 billion, a P/E ratio of 31.76, a P/E/G ratio of 4.02 and a beta of 0.26. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. Equity Lifestyle Properties has a fifty-two week low of $89.22 and a fifty-two week high of $128.43.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Monday, April 22nd. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. The company had revenue of $259.00 million during the quarter, compared to analysts’ expectations of $251.72 million. Equity Lifestyle Properties had a net margin of 27.24% and a return on equity of 22.97%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 EPS. As a group, equities research analysts expect that Equity Lifestyle Properties will post 4.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a $0.6125 dividend. This represents a $2.45 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Thursday, June 27th. Equity Lifestyle Properties’s payout ratio is presently 63.31%.

ELS has been the subject of several analyst reports. BMO Capital Markets boosted their target price on shares of Inflarx to $64.00 and gave the company an outperform rating in a research report on Wednesday, April 24th. Zacks Investment Research cut shares of Haynes International from a hold rating to a sell rating in a research report on Wednesday, May 8th. Finally, Wells Fargo & Co reaffirmed a sell rating on shares of American States Water in a report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $110.42.

Equity Lifestyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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