Equity LifeStyle Properties (NYSE:ELS) Announces Quarterly Earnings Results


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Equity LifeStyle Properties (NYSE:ELS) issued its quarterly earnings data on Sunday. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.21), MarketWatch Earnings reports. Equity LifeStyle Properties had a net margin of 20.27% and a return on equity of 16.66%. The firm had revenue of $271.90 million during the quarter, compared to analyst estimates of $267.99 million. During the same period last year, the business earned $0.52 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year.

ELS stock traded up $0.78 during mid-day trading on Tuesday, reaching $64.50. The company had a trading volume of 1,312,075 shares, compared to its average volume of 993,828. Equity LifeStyle Properties has a one year low of $41.97 and a one year high of $77.55. The stock’s 50-day simple moving average is $61.33 and its two-hundred day simple moving average is $62.93. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $11.75 billion, a P/E ratio of 53.75, a P/E/G ratio of 4.60 and a beta of 0.46.

The business also recently announced a quarterly dividend, which was paid on Friday, January 8th. Shareholders of record on Thursday, December 24th were paid a $0.343 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Wednesday, December 23rd. Equity LifeStyle Properties’s payout ratio is 65.55%.

ELS has been the subject of several recent research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Equity LifeStyle Properties from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 15th. BMO Capital Markets downgraded shares of Equity LifeStyle Properties from an “outperform” rating to a “market perform” rating and set a $66.00 price target for the company. in a research report on Monday, January 11th. Zacks Investment Research downgraded shares of Equity LifeStyle Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 6th. Robert W. Baird began coverage on shares of Equity LifeStyle Properties in a report on Tuesday, January 19th. They issued an “outperform” rating and a $67.00 price objective for the company. Finally, Berenberg Bank began coverage on shares of Equity LifeStyle Properties in a report on Thursday, October 1st. They issued a “buy” rating and a $73.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Equity LifeStyle Properties presently has a consensus rating of “Buy” and a consensus target price of $67.50.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (ÂREITÂ) with headquarters in Chicago. As of October 19, 2020, we own or have an interest in 415 quality properties in 33 states and British Columbia consisting of 157,690 sites.

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Earnings History for Equity LifeStyle Properties (NYSE:ELS)

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