Equity LifeStyle Properties (NYSE:ELS) Updates Q2 2022 Earnings Guidance

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

Equity LifeStyle Properties stock opened at $81.07 on Monday. The firm has a 50 day simple moving average of $76.85 and a 200-day simple moving average of $80.63. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $15.08 billion, a PE ratio of 53.34, a price-to-earnings-growth ratio of 5.06 and a beta of 0.63. Equity LifeStyle Properties has a 12-month low of $67.50 and a 12-month high of $88.70.

Equity LifeStyle Properties (NYSE:ELSGet Rating) last posted its quarterly earnings data on Monday, April 18th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.25). The company had revenue of $360.20 million during the quarter, compared to the consensus estimate of $305.59 million. Equity LifeStyle Properties had a net margin of 20.97% and a return on equity of 20.51%. The company’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. On average, analysts forecast that Equity LifeStyle Properties will post 2.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Friday, March 25th were issued a $0.41 dividend. 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 107.89%.

A number of analysts recently weighed in on ELS shares. Royal Bank of Canada reduced their target price on shares of Equity LifeStyle Properties from $85.00 to $82.00 and set a sector perform rating for the company in a report on Wednesday, January 26th. StockNews.com started coverage on shares of Equity LifeStyle Properties in a report on Thursday, March 31st. They set a hold rating for the company. Finally, Zacks Investment Research cut shares of Equity LifeStyle Properties from a hold rating to a sell rating in a report on Wednesday, April 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of Hold and a consensus target price of $83.75.

Several large investors have recently modified their holdings of ELS. KB Financial Partners LLC purchased a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $32,000. Virtu Financial LLC purchased a new stake in shares of Equity LifeStyle Properties in the 4th quarter valued at approximately $200,000. MML Investors Services LLC lifted its position in shares of Equity LifeStyle Properties by 13.8% in the 4th 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 in the last quarter. Comerica Bank lifted its position in shares of Equity LifeStyle Properties by 2.0% in the 4th quarter. Comerica Bank now owns 7,007 shares of the real estate investment trust’s stock valued at $535,000 after acquiring an additional 139 shares in the last quarter. Finally, Walleye Trading LLC lifted its position in shares of 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 valued at $833,000 after acquiring an additional 3,901 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

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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