Equity Lifestyle Properties (NYSE:ELS) Releases Earnings Results, Meets Estimates

Equity Lifestyle Properties (NYSE:ELS) announced its earnings results on Tuesday. The real estate investment trust reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84, Zacks reports. Equity Lifestyle Properties had a net margin of 25.24% and a return on equity of 21.26%. Equity Lifestyle Properties updated its FY 2026 guidance to 3.120-3.220 EPS.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS traded down $1.04 on Tuesday, reaching $64.97. 1,760,701 shares of the company were exchanged, compared to its average volume of 1,820,404. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 3.64 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 50-day moving average of $65.83 and a 200-day moving average of $63.39. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.30.

Equity Lifestyle Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a dividend of $0.5425 per share. This is a boost from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, March 27th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is currently 107.96%.

Analysts Set New Price Targets

Several equities analysts have issued reports on ELS shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $70.00 price objective (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Friday, February 27th. Truist Financial upped their price target on shares of Equity Lifestyle Properties from $66.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Zacks Research raised shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Robert W. Baird set a $73.00 price target on shares of Equity Lifestyle Properties in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.55.

Insider Transactions at Equity Lifestyle Properties

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the transaction, the director directly owned 14,890 shares in the company, valued at approximately $1,000,905.80. This represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Wiser Advisor Group LLC purchased a new position in shares of Equity Lifestyle Properties during the 3rd quarter worth about $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Equity Lifestyle Properties by 943.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 453 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of Equity Lifestyle Properties during the 3rd quarter worth about $34,000. Global Retirement Partners LLC lifted its holdings in shares of Equity Lifestyle Properties by 250.9% during the 4th quarter. Global Retirement Partners LLC now owns 779 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 557 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Equity Lifestyle Properties during the 4th quarter worth about $54,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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.