Equity LifeStyle Properties (NYSE:ELS) Issues Quarterly Earnings Results, Hits Estimates

Equity LifeStyle Properties (NYSE:ELS) issued its earnings results on Monday. The real estate investment trust reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76, Zacks reports. Equity LifeStyle Properties had a return on equity of 24.10% and a net margin of 23.97%. Equity LifeStyle Properties updated its FY 2025 guidance to 3.010-3.110 EPS and its Q1 2025 guidance to 0.800-0.860 EPS.

Equity LifeStyle Properties Stock Performance

ELS opened at $66.72 on Wednesday. The company has a 50 day simple moving average of $67.89 and a two-hundred day simple moving average of $69.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market cap of $12.75 billion, a P/E ratio of 34.39, a PEG ratio of 3.28 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.

Wall Street Analysts Forecast Growth

ELS has been the topic of several research reports. Compass Point raised their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. UBS Group raised Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $72.00 to $80.00 in a report on Thursday, January 2nd. Robert W. Baird boosted their price target on Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equity LifeStyle Properties currently has a consensus rating of “Moderate Buy” and an average price target of $73.90.

About Equity LifeStyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.