Equity LifeStyle Properties (NYSE:ELS) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.330-2.430 for the period. The company issued revenue guidance of -.Equity LifeStyle Properties also updated its Q2 2021 guidance to 0.510-0.570 EPS.
Several brokerages recently commented on ELS. Royal Bank of Canada began 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 price target on the stock. Zacks Investment Research lowered shares of Equity LifeStyle Properties from a buy rating to a hold rating in a research note on Friday. Robert W. Baird began coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, January 19th. They issued an outperform rating and a $67.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on shares of Equity LifeStyle Properties from $66.00 to $67.00 in a research note on Monday, February 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Equity LifeStyle Properties has a consensus rating of Buy and an average price target of $69.80.
ELS stock traded down $0.25 during trading on Tuesday, reaching $68.78. 10,050 shares of the company were exchanged, compared to its average volume of 899,991. The company has a market cap of $12.54 billion, a P/E ratio of 57.53, a PEG ratio of 4.60 and a beta of 0.46. Equity LifeStyle Properties has a 52-week low of $53.52 and a 52-week high of $69.68. The stock’s 50 day moving average price is $65.94 and its 200 day moving average price is $62.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.06 and a current ratio of 0.06.
Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data on Sunday, April 18th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $296.00 million for the quarter, compared to analysts’ expectations of $282.29 million. Equity LifeStyle Properties had a return on equity of 16.66% and a net margin of 20.27%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS. As a group, equities research analysts forecast that Equity LifeStyle Properties will post 2.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 9th. Investors of record on Friday, March 26th were issued a dividend of $0.363 per share. The ex-dividend date was Thursday, March 25th. This represents a $1.45 dividend on an annualized basis and a yield of 2.11%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.34. Equity LifeStyle Properties’s payout ratio is currently 69.38%.
About Equity LifeStyle Properties
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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