Equity Lifestyle Properties (NYSE:ELS) Releases Quarterly Earnings Results, Misses Expectations By $0.28 EPS

Equity Lifestyle Properties (NYSE:ELS) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28), Zacks reports. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.25%. The firm had revenue of $397.62 million for the quarter, compared to analyst estimates of $395.71 million. During the same period in the previous year, the business posted $0.57 EPS. Equity Lifestyle Properties’s revenue for the quarter was up 2.7% on a year-over-year basis. Equity Lifestyle Properties updated its FY 2026 guidance to 3.120-3.220 EPS and its Q2 2026 guidance to 0.690-0.750 EPS.

Equity Lifestyle Properties Stock Performance

NYSE:ELS opened at $62.84 on Thursday. The firm has a market capitalization of $12.19 billion, a PE ratio of 31.42, a PEG ratio of 3.81 and a beta of 0.76. Equity Lifestyle Properties has a 1 year low of $58.15 and a 1 year high of $69.00. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $65.74 and its 200 day simple moving average is $63.41.

Equity Lifestyle Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were issued a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $2.17 annualized dividend and a dividend yield of 3.5%. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. Equity Lifestyle Properties’s payout ratio is currently 108.50%.

Wall Street Analyst Weigh In

ELS has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Wednesday, April 15th. Bank of America upgraded shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Tuesday, February 3rd. Zacks Research upgraded shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Truist Financial upped their price objective on shares of Equity Lifestyle Properties from $66.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Insiders Place Their Bets

In other news, Director David J. Contis sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total value of $201,660.00. Following the sale, the director directly owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Equity Lifestyle Properties

Several institutional investors have recently modified their holdings of ELS. Empowered Funds LLC grew its holdings in shares of Equity Lifestyle Properties by 14.1% during the first quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 804 shares during the last quarter. Jane Street Group LLC lifted its position in Equity Lifestyle Properties by 598.5% during the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock worth $7,964,000 after buying an additional 102,303 shares in the last quarter. Intech Investment Management LLC grew its holdings in Equity Lifestyle Properties by 62.3% during the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock worth $1,542,000 after acquiring an additional 8,873 shares during the last quarter. Cetera Investment Advisers grew its holdings in Equity Lifestyle Properties by 111.0% during the 2nd quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 5,325 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in Equity Lifestyle Properties in the 2nd quarter valued at about $300,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.