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

by · The Cerbat Gem

Equity LifeStyle Properties (NYSE:ELS – Get Free Report) is scheduled to release its earnings data after the market closes on Monday, October 21st. Analysts expect Equity LifeStyle Properties to post earnings of $0.72 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Equity LifeStyle Properties (NYSE:ELS – Get Free Report) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.23). Equity LifeStyle Properties had a net margin of 23.56% and a return on equity of 23.71%. The company had revenue of $380.00 million during the quarter, compared to the consensus estimate of $334.53 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. 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

NYSE:ELS opened at $69.97 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $71.30 and a 200 day simple moving average of $66.68. Equity LifeStyle Properties has a 1-year low of $59.82 and a 1-year high of $76.60. The stock has a market capitalization of $13.05 billion, a PE ratio of 38.23, a P/E/G ratio of 3.60 and a beta of 0.79.

Equity LifeStyle Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.4775 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.73%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, September 27th. Equity LifeStyle Properties’s dividend payout ratio is presently 104.37%.

Insiders Place Their Bets

In other news, COO Patrick Waite sold 20,820 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $70.23, for a total transaction 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 approximately $15,575,398.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Patrick Waite sold 20,820 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $70.23, for a total transaction of $1,462,188.60. Following the completion of the transaction, the chief operating officer now owns 221,777 shares of the company’s stock, valued at approximately $15,575,398.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul Seavey sold 31,988 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $74.83, for a total value of $2,393,662.04. Following the completion of the sale, the chief financial officer now directly owns 148,463 shares in the company, valued at $11,109,486.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,808 shares of company stock worth $6,348,011 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Truist Financial raised their price objective on Equity LifeStyle Properties from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. UBS Group upgraded shares of Equity LifeStyle Properties to a “strong-buy” rating in a research note on Thursday, October 10th. Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a report on Thursday. They issued a “hold” rating and a $72.00 price target on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $68.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, July 24th. Finally, Evercore ISI increased their target price on Equity LifeStyle Properties from $73.00 to $76.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Equity LifeStyle Properties presently has an average rating of “Hold” and an average target price of $71.44.

View Our Latest Analysis on Equity LifeStyle Properties

About Equity LifeStyle Properties

(Get Free Report)

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.

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