Equity Lifestyle Properties, Inc. (NYSE:ELS) announced its quarterly earnings data on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.34), Yahoo Finance reports. Equity Lifestyle Properties had a return on equity of 21.39% and a net margin of 22.52%. The company had revenue of $241.63 million for the quarter, compared to the consensus estimate of $226.85 million. During the same quarter in the prior year, the company earned $0.83 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Equity Lifestyle Properties updated its Q4 guidance to $0.84-0.90 EPS and its FY17 guidance to $3.56-3.62 EPS.
Shares of Equity Lifestyle Properties (ELS) opened at 87.67 on Friday. The company has a market capitalization of $7.67 billion, a P/E ratio of 41.91 and a beta of 0.32. Equity Lifestyle Properties has a 12 month low of $65.87 and a 12 month high of $90.80. The company’s 50 day moving average price is $87.08 and its 200 day moving average price is $85.59.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup Inc. increased their price target on Equity Lifestyle Properties from $86.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $81.00 price objective on shares of Equity Lifestyle Properties in a report on Monday, October 16th. BMO Capital Markets assumed coverage on Equity Lifestyle Properties in a report on Monday, October 9th. They issued a “market perform” rating and a $92.00 price objective on the stock. Finally, Robert W. Baird lowered Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $87.67.
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About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.
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