Equity LifeStyle Properties (NYSE:ELS) Releases Q4 2024 Earnings Guidance

Equity LifeStyle Properties (NYSE:ELS) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of 0.730-0.790 for the period, compared to the consensus earnings per share estimate of 0.710. The company issued revenue guidance of -. Equity LifeStyle Properties also updated its FY 2024 guidance to 2.890-2.950 EPS.

Analyst Ratings Changes

A number of analysts recently issued reports on ELS shares. Wells Fargo & Company raised Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $70.50 to $82.00 in a research report on Thursday, September 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $68.00 price target on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. Truist Financial upped their price objective on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. UBS Group upgraded shares of Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a research note on Thursday. They set a “hold” rating and a $72.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Equity LifeStyle Properties has a consensus rating of “Hold” and a consensus price target of $71.56.

Equity LifeStyle Properties Stock Down 2.8 %

Shares of Equity LifeStyle Properties stock traded down $1.95 during trading hours on Monday, reaching $68.02. 1,759,237 shares of the company were exchanged, compared to its average volume of 1,206,155. The firm has a market cap of $12.69 billion, a PE ratio of 37.87, a PEG ratio of 3.60 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.03 and a current ratio of 0.03. Equity LifeStyle Properties has a 1 year low of $59.82 and a 1 year high of $76.60. The stock’s fifty day moving average is $71.30 and its 200 day moving average is $66.70.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.23). Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The company had revenue of $380.00 million for the quarter, compared to analysts’ expectations of $334.53 million. During the same quarter last year, the company earned $0.66 EPS. Equity LifeStyle Properties’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that Equity LifeStyle Properties will post 2.92 earnings per share for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.4775 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.91 dividend on an annualized basis and a yield of 2.81%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. Equity LifeStyle Properties’s payout ratio is currently 104.37%.

Insiders Place Their Bets

In other news, CFO Paul Seavey sold 31,988 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total value of $2,393,662.04. Following the sale, the chief financial officer now directly owns 148,463 shares in the company, valued at approximately $11,109,486.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Paul Seavey sold 31,988 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $74.83, for a total transaction of $2,393,662.04. Following the completion of the transaction, the chief financial officer now directly owns 148,463 shares of the company’s stock, valued at approximately $11,109,486.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Patrick Waite sold 20,820 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $70.23, for a total value of $1,462,188.60. Following the sale, the chief operating officer now directly owns 221,777 shares in the company, valued at $15,575,398.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,808 shares of company stock worth $6,348,011 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

About Equity LifeStyle Properties

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.