Equity LifeStyle Properties (NYSE:ELS) Releases Q2 Earnings Guidance

Equity LifeStyle Properties (NYSE:ELSGet Rating) updated its second quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.59-$0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.65. Equity LifeStyle Properties also updated its FY 2022 guidance to $2.680-$2.780 EPS.

Several research firms have issued reports on ELS. StockNews.com began coverage on shares of Equity LifeStyle Properties in a report on Thursday, March 31st. They issued a hold rating on the stock. Zacks Investment Research downgraded shares of Equity LifeStyle Properties from a buy rating to a hold rating in a report on Wednesday, March 30th. Finally, Royal Bank of Canada decreased their price objective on shares of Equity LifeStyle Properties from $85.00 to $82.00 and set a sector perform rating for the company in a research report on Wednesday, January 26th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $83.75.

Shares of ELS stock traded down $0.09 during mid-day trading on Monday, reaching $78.65. The stock had a trading volume of 776,909 shares, compared to its average volume of 867,557. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.43. Equity LifeStyle Properties has a 1-year low of $67.05 and a 1-year high of $88.70. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 55.00, a PEG ratio of 4.81 and a beta of 0.63. The business’s fifty day moving average is $76.43 and its 200-day moving average is $80.56.

Equity LifeStyle Properties (NYSE:ELSGet Rating) last issued its earnings results on Monday, January 24th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Equity LifeStyle Properties had a net margin of 20.64% and a return on equity of 19.44%. The firm had revenue of $325.30 million during the quarter, compared to analysts’ expectations of $288.00 million. During the same quarter last year, the company posted $0.57 earnings per share. The firm’s revenue was up 19.6% compared to the same quarter last year. On average, analysts forecast that Equity LifeStyle Properties will post 2.74 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Friday, March 25th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.09%. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, March 24th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 114.69%.

A number of institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in Equity LifeStyle Properties by 65.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 237,268 shares of the real estate investment trust’s stock worth $20,799,000 after buying an additional 94,206 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Equity LifeStyle Properties by 13.0% in the 4th quarter. Allianz Asset Management GmbH now owns 646,700 shares of the real estate investment trust’s stock worth $56,689,000 after purchasing an additional 74,200 shares during the period. Amalgamated Bank increased its holdings in Equity LifeStyle Properties by 17.2% in the 4th quarter. Amalgamated Bank now owns 36,908 shares of the real estate investment trust’s stock worth $3,235,000 after acquiring an additional 5,411 shares in the last quarter. California State Teachers Retirement System increased its holdings in Equity LifeStyle Properties by 1.7% in the 4th quarter. California State Teachers Retirement System now owns 309,944 shares of the real estate investment trust’s stock worth $27,170,000 after acquiring an additional 5,123 shares in the last quarter. Finally, Walleye Trading LLC increased its holdings in Equity LifeStyle Properties by 69.6% in the 4th quarter. Walleye Trading LLC now owns 9,508 shares of the real estate investment trust’s stock worth $833,000 after acquiring an additional 3,901 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Company Profile (Get Rating)

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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