Equity LifeStyle Properties (NYSE:ELS) Updates FY 2022 Earnings Guidance

Equity LifeStyle Properties (NYSE:ELSGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $2.680-$2.780 for the period. The company issued revenue guidance of -.Equity LifeStyle Properties also updated its Q2 2022 guidance to $0.590-$0.650 EPS.

Several equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Equity LifeStyle Properties in a research note on Thursday, March 31st. They issued a hold rating for the company. Zacks Investment Research cut shares of Equity LifeStyle Properties from a hold rating to a sell rating in a report on Wednesday, April 20th. Finally, Royal Bank of Canada lowered their price target on shares of Equity LifeStyle Properties from $85.00 to $82.00 and set a sector perform rating on the stock in a report on Wednesday, January 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Equity LifeStyle Properties presently has a consensus rating of Hold and an average price target of $83.75.

Shares of ELS opened at $81.07 on Monday. Equity LifeStyle Properties has a 12 month low of $67.50 and a 12 month high of $88.70. The firm’s 50 day moving average is $76.85 and its 200-day moving average is $80.63. The stock has a market capitalization of $15.08 billion, a PE ratio of 53.34, a P/E/G ratio of 5.06 and a beta of 0.63. 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 (NYSE:ELSGet Rating) last announced its earnings results on Monday, April 18th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.25). Equity LifeStyle Properties had a return on equity of 20.51% and a net margin of 20.97%. The business had revenue of $360.20 million for the quarter, compared to the consensus estimate of $305.59 million. During the same period in the prior year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. Equities research analysts predict that Equity LifeStyle Properties will post 2.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Friday, March 25th were issued a dividend of $0.41 per share. The ex-dividend date was Thursday, March 24th. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.36. This represents a $1.64 annualized dividend and a dividend yield of 2.02%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 107.89%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its stake in Equity LifeStyle Properties by 9.2% in the fourth quarter. LPL Financial LLC now owns 25,451 shares of the real estate investment trust’s stock valued at $2,231,000 after acquiring an additional 2,136 shares during the last quarter. MML Investors Services LLC increased its stake in Equity LifeStyle Properties by 13.8% in the fourth quarter. MML Investors Services LLC now owns 3,602 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 436 shares during the last quarter. Stifel Financial Corp increased its stake in Equity LifeStyle Properties by 7.5% in the fourth quarter. Stifel Financial Corp now owns 28,772 shares of the real estate investment trust’s stock valued at $2,522,000 after acquiring an additional 2,006 shares during the last quarter. Amalgamated Bank increased its stake in Equity LifeStyle Properties by 17.2% in the fourth quarter. Amalgamated Bank now owns 36,908 shares of the real estate investment trust’s stock valued at $3,235,000 after acquiring an additional 5,411 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY increased its stake in Equity LifeStyle Properties by 8.4% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 19,013 shares of the real estate investment trust’s stock valued at $1,667,000 after acquiring an additional 1,481 shares during the last quarter. 90.17% of the stock is currently owned by 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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