Equity LifeStyle Properties (NYSE:ELS – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $2.64-$2.70 for the period. The company issued revenue guidance of -.
Equity LifeStyle Properties Stock Up 4.2 %
ELS stock traded up $2.50 on Monday, reaching $62.58. 1,454,198 shares of the company traded hands, compared to its average volume of 943,984. Equity LifeStyle Properties has a one year low of $58.73 and a one year high of $88.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market cap of $11.64 billion, a P/E ratio of 41.23, a price-to-earnings-growth ratio of 4.53 and a beta of 0.64. The firm has a fifty day simple moving average of $69.56 and a 200-day simple moving average of $72.46.
Equity LifeStyle Properties (NYSE:ELS – Get Rating) last released its quarterly earnings results on Monday, July 18th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $365.31 million during the quarter, compared to analysts’ expectations of $331.29 million. Equity LifeStyle Properties had a return on equity of 19.19% and a net margin of 20.28%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. Research analysts anticipate that Equity LifeStyle Properties will post 2.73 earnings per share for the current year.
Equity LifeStyle Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a $0.41 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.62%. Equity LifeStyle Properties’s payout ratio is 107.90%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Truist Financial cut their target price on Equity LifeStyle Properties from $77.00 to $67.00 and set a buy rating on the stock in a research note on Friday. Colliers Securities set a $92.00 price target on Equity LifeStyle Properties in a research report on Tuesday, July 19th. Wolfe Research initiated coverage on Equity LifeStyle Properties in a research report on Friday, July 15th. They issued a peer perform rating on the stock. Barclays cut their target price on Equity LifeStyle Properties from $92.00 to $75.00 and set an overweight rating on the stock in a research report on Friday, October 7th. Finally, Robert W. Baird cut their target price on Equity LifeStyle Properties from $89.00 to $83.00 in a research report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $79.63.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of ELS. Engineers Gate Manager LP lifted its stake in Equity LifeStyle Properties by 54.6% in the 1st quarter. Engineers Gate Manager LP now owns 12,231 shares of the real estate investment trust’s stock worth $935,000 after purchasing an additional 4,321 shares in the last quarter. Donoghue Forlines LLC lifted its stake in Equity LifeStyle Properties by 38.9% in the 1st quarter. Donoghue Forlines LLC now owns 11,602 shares of the real estate investment trust’s stock worth $887,000 after purchasing an additional 3,250 shares in the last quarter. Yousif Capital Management LLC lifted its stake in Equity LifeStyle Properties by 3.2% in the 1st quarter. Yousif Capital Management LLC now owns 10,102 shares of the real estate investment trust’s stock worth $773,000 after purchasing an additional 314 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Equity LifeStyle Properties during the 1st quarter worth approximately $590,000. Finally, RB Capital Management LLC increased its holdings in shares of Equity LifeStyle Properties by 6.1% during the 1st quarter. RB Capital Management LLC now owns 7,109 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 407 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.
About Equity LifeStyle Properties
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.
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