Equity LifeStyle Properties (NYSE:ELS) Issues Quarterly Earnings Results, Misses Expectations By $0.21 EPS

Equity LifeStyle Properties (NYSE:ELS) posted 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. Equity LifeStyle Properties had a return on equity of 16.66% and a net margin of 20.27%. The company had revenue of $271.90 million during the quarter, compared to analyst estimates of $267.99 million. During the same quarter last year, the firm posted $0.52 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Shares of ELS traded up $0.78 on Tuesday, reaching $64.50. 1,312,075 shares of the stock traded hands, compared to its average volume of 993,828. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of 53.75, a P/E/G ratio of 4.60 and a beta of 0.46. 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 12 month low of $41.97 and a 12 month high of $77.55. The stock’s 50-day moving average price is $61.33 and its 200-day moving average price is $62.93.

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

ELS has been the subject of several analyst reports. Zacks Investment Research lowered Equity LifeStyle Properties from a “buy” rating to a “hold” rating in a report on Friday, November 6th. BMO Capital Markets lowered Equity LifeStyle Properties from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a report on Monday, January 11th. Berenberg Bank started coverage on Equity LifeStyle Properties in a report on Thursday, October 1st. They issued a “buy” rating and a $73.00 target price for the company. Smith Barney Citigroup upgraded Equity LifeStyle Properties from a “neutral” rating to a “buy” rating in a report on Tuesday, December 15th. Finally, Robert W. Baird started 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Equity LifeStyle Properties 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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