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

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

Shares of ELS stock traded up $0.78 during trading hours on Tuesday, reaching $64.50. 1,312,075 shares of the company’s stock were exchanged, compared to its average volume of 993,828. Equity LifeStyle Properties has a fifty-two week low of $41.97 and a fifty-two week high of $77.55. 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 has a fifty day moving average price of $61.33 and a 200-day moving average price of $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 firm also recently declared a quarterly dividend, which was paid on Friday, January 8th. Stockholders of record on Thursday, December 24th were issued a dividend of $0.343 per share. The ex-dividend date was Wednesday, December 23rd. This represents a $1.37 dividend on an annualized basis and a dividend yield of 2.13%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 65.55%.

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