Equity Lifestyle Properties (NYSE:ELS) updated its third quarter 2019 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.03-1.09 for the period. Equity Lifestyle Properties also updated its FY 2019 guidance to $4.12-4.22 EPS.
NYSE ELS traded up $0.47 during trading hours on Monday, reaching $124.22. 545,500 shares of the company’s stock were exchanged, compared to its average volume of 461,850. The business’s 50-day moving average price is $123.68. Equity Lifestyle Properties has a one year low of $89.22 and a one year high of $128.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $11.14 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 4.03 and a beta of 0.26.
Equity Lifestyle Properties (NYSE:ELS) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. Equity Lifestyle Properties had a net margin of 27.02% and a return on equity of 22.43%. The business had revenue of $248.37 million during the quarter, compared to analysts’ expectations of $244.91 million. During the same period last year, the business earned $0.89 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts predict that Equity Lifestyle Properties will post 4.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a dividend of $0.6125 per share. This represents a $2.45 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, June 27th. Equity Lifestyle Properties’s dividend payout ratio is 63.31%.
Several brokerages have issued reports on ELS. Zacks Investment Research downgraded Eisai from a strong-buy rating to a hold rating in a report on Wednesday, July 24th. BMO Capital Markets lifted their target price on Inflarx to $64.00 and gave the stock an outperform rating in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $112.25.
Equity Lifestyle Properties Company Profile
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.