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


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Equity LifeStyle Properties (NYSE:ELS) released its quarterly earnings results 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 return on equity of 16.66% and a net margin of 20.27%. The firm had revenue of $271.90 million for the quarter, compared to analyst estimates of $267.99 million. During the same period in the prior year, the business earned $0.52 earnings per share. Equity LifeStyle Properties’s revenue for the quarter was up 5.1% on a year-over-year basis.

NYSE ELS traded up $0.78 during mid-day trading on Tuesday, hitting $64.50. The company’s stock had a trading volume of 1,312,075 shares, compared to its average volume of 993,828. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.06 and a quick ratio of 0.06. Equity LifeStyle Properties has a 52-week low of $41.97 and a 52-week high of $77.55. The stock’s fifty day simple moving average is $61.33 and its two-hundred day simple moving average is $62.93. The firm has a market capitalization of $11.75 billion, a P/E ratio of 53.75, a price-to-earnings-growth ratio of 4.60 and a beta of 0.46.

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

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Equity LifeStyle Properties from a “buy” rating to a “hold” rating in a report on Friday, November 6th. Berenberg Bank assumed coverage on shares of Equity LifeStyle Properties in a report on Thursday, October 1st. They set a “buy” rating and a $73.00 price objective on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Equity LifeStyle Properties from a “neutral” rating to a “buy” rating in a report on Tuesday, December 15th. BMO Capital Markets lowered shares of Equity LifeStyle Properties from an “outperform” rating to a “market perform” rating and set a $66.00 price objective on the stock. in a report on Monday, January 11th. Finally, Robert W. Baird assumed coverage on shares of Equity LifeStyle Properties in a report on Tuesday, January 19th. They set an “outperform” rating and a $67.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $67.50.

About Equity LifeStyle Properties

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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