Equity Lifestyle Properties (NYSE:ELS) will issue its quarterly earnings data after the market closes on Monday, October 22nd. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Equity Lifestyle Properties has set its FY18 guidance at $3.82-3.92 EPS and its Q3 guidance at $0.96-1.02 EPS.
Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, July 23rd. The real estate investment trust reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). The business had revenue of $240.50 million for the quarter, compared to the consensus estimate of $224.20 million. Equity Lifestyle Properties had a net margin of 22.25% and a return on equity of 20.05%. Equity Lifestyle Properties’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 EPS. On average, analysts expect Equity Lifestyle Properties to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Equity Lifestyle Properties stock opened at $94.37 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.18. The company has a market cap of $8.36 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 4.19 and a beta of 0.17. Equity Lifestyle Properties has a 52 week low of $79.78 and a 52 week high of $97.44.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, September 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.33%. Equity Lifestyle Properties’s dividend payout ratio is presently 61.11%.
A number of equities analysts recently commented on ELS shares. Zacks Investment Research downgraded Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Wells Fargo & Co upped their target price on Equity Lifestyle Properties from $95.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, August 24th. ValuEngine upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Finally, Bank of America upped their target price on Equity Lifestyle Properties from $99.00 to $100.50 and gave the company a “buy” rating in a report on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Equity Lifestyle Properties has a consensus rating of “Hold” and an average price target of $95.25.
About Equity Lifestyle Properties
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of July 23, 2018, we own or have an interest in 410 quality properties in 32 states and British Columbia consisting of 153,549 sites.
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