Equity LifeStyle Properties (ELS) Scheduled to Post Quarterly Earnings on Monday

Equity LifeStyle Properties (NYSE:ELS) is scheduled to be announcing its earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.72 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Equity LifeStyle Properties (NYSE:ELS) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.23). Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The business had revenue of $380.00 million for the quarter, compared to analyst estimates of $334.53 million. During the same period last year, the business posted $0.66 EPS. Equity LifeStyle Properties’s revenue was up 2.7% on a year-over-year basis. On average, analysts expect Equity LifeStyle Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Equity LifeStyle Properties Price Performance

Shares of ELS opened at $69.97 on Friday. The firm has a fifty day moving average price of $71.30 and a 200 day moving average price of $66.68. The stock has a market cap of $13.05 billion, a PE ratio of 38.23, a price-to-earnings-growth ratio of 3.60 and a beta of 0.79. Equity LifeStyle Properties has a 1-year low of $59.82 and a 1-year high of $76.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.03 and a quick ratio of 0.03.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.4775 per share. The ex-dividend date was Friday, September 27th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.73%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 104.37%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ELS shares. Jefferies Financial Group initiated coverage on Equity LifeStyle Properties in a research report on Thursday. They issued a “hold” rating and a $72.00 price target on the stock. Wells Fargo & Company raised Equity LifeStyle Properties from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $70.50 to $82.00 in a report on Thursday, September 19th. Evercore ISI boosted their price objective on shares of Equity LifeStyle Properties from $73.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $68.00 price target on shares of Equity LifeStyle Properties in a research note on Wednesday, July 24th. Finally, Truist Financial lifted their price target on Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Equity LifeStyle Properties currently has an average rating of “Hold” and a consensus price target of $71.44.

Insider Buying and Selling

In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $70.23, for a total value of $1,462,188.60. Following the completion of the sale, the chief operating officer now owns 221,777 shares of the company’s stock, valued at $15,575,398.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Patrick Waite sold 20,820 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $70.23, for a total value of $1,462,188.60. Following the completion of the transaction, the chief operating officer now owns 221,777 shares in the company, valued at approximately $15,575,398.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Marguerite M. Nader sold 33,000 shares of Equity LifeStyle Properties stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.52, for a total transaction of $2,492,160.00. Following the transaction, the chief executive officer now directly owns 260,936 shares of the company’s stock, valued at $19,705,886.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,808 shares of company stock valued at $6,348,011. Corporate insiders own 1.40% of the company’s stock.

About Equity LifeStyle Properties

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.