Equity Lifestyle Properties (NYSE:ELS) Posts Quarterly Earnings Results, Misses Estimates By $0.28 EPS
by Amy Steele · The Cerbat GemEquity Lifestyle Properties (NYSE:ELS – Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.28), Zacks reports. Equity Lifestyle Properties had a return on equity of 21.26% and a net margin of 25.24%.The business had revenue of $397.60 million for the quarter, compared to analyst estimates of $395.71 million. During the same period in the prior year, the company posted $0.57 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. Equity Lifestyle Properties updated its FY 2026 guidance to 3.120-3.220 EPS and its Q2 2026 guidance to 0.690-0.750 EPS.
Equity Lifestyle Properties Trading Down 1.6%
ELS opened at $64.97 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.30. Equity Lifestyle Properties has a 52 week low of $58.15 and a 52 week high of $69.00. The business’s 50 day moving average is $65.80 and its two-hundred day moving average is $63.41. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 3.87 and a beta of 0.76.
Equity Lifestyle Properties Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.3%. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, March 27th. Equity Lifestyle Properties’s dividend payout ratio is presently 107.96%.
Insider Buying and Selling at Equity Lifestyle Properties
In other news, Director David J. Contis sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total transaction of $201,660.00. Following the transaction, the director directly owned 14,890 shares in the company, valued at approximately $1,000,905.80. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.80% of the company’s stock.
Institutional Trading of Equity Lifestyle Properties
Several institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in Equity Lifestyle Properties by 303.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock worth $966,648,000 after purchasing an additional 11,999,874 shares during the period. Daiwa Securities Group Inc. increased its stake in Equity Lifestyle Properties by 253.7% in the third quarter. Daiwa Securities Group Inc. now owns 3,147,048 shares of the real estate investment trust’s stock valued at $191,025,000 after purchasing an additional 2,257,299 shares during the period. Boston Partners increased its stake in Equity Lifestyle Properties by 2.1% in the third quarter. Boston Partners now owns 2,902,967 shares of the real estate investment trust’s stock valued at $176,227,000 after purchasing an additional 60,852 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Equity Lifestyle Properties by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,804,388 shares of the real estate investment trust’s stock valued at $169,974,000 after buying an additional 88,061 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Equity Lifestyle Properties by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,786,824 shares of the real estate investment trust’s stock valued at $168,912,000 after buying an additional 40,813 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Barclays restated an “overweight” rating and set a $71.00 target price (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Thursday, February 5th. BMO Capital Markets reissued an “outperform” rating and set a $75.00 price objective (up from $72.00) on shares of Equity Lifestyle Properties in a report on Wednesday, February 18th. Mizuho started coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, March 31st. They set an “outperform” rating and a $72.00 price objective for the company. UBS Group set a $67.00 target price on shares of Equity Lifestyle Properties and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.55.
Read Our Latest Analysis on ELS
Key Equity Lifestyle Properties News
Here are the key news stories impacting Equity Lifestyle Properties this week:
- Positive Sentiment: Management raised forward earnings guidance sharply: FY 2026 EPS guidance of $3.12–$3.22 (well above consensus) and Q2 EPS guidance of $0.69–$0.75 (above consensus), signaling confidence in underlying operations and providing upside to future earnings expectations. ELS Reports First Quarter Results
- Neutral Sentiment: Q1 FFO of $0.84 per share matched street estimates and was modestly up year-over-year; revenue of $397.6M slightly beat consensus, suggesting steady core performance but no surprise beat to drive a stronger rally. Equity Lifestyle Properties (ELS) Matches Q1 FFO Estimates
- Neutral Sentiment: Press coverage and snapshots reiterate the quarter details and reinforce that the result was largely in line with expectations, keeping near-term stock moves driven by guidance and macro/sector sentiment. Equity Lifestyle Properties: Q1 Earnings Snapshot
- Negative Sentiment: Analyst commentary (Seeking Alpha) flags limited upside due to seasonal weakness in RV/marina businesses and a premium valuation; while insurance costs eased (~18% reduction), discretionary and seasonal line weakness could pressure near-term results and sentiment. Equity LifeStyle Properties: Fairly Valued Given Seasonal Pressures
Equity Lifestyle Properties Company Profile
Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.
In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.