Equity Lifestyle Properties (NYSE:ELS) Issues Q4 2019 Earnings Guidance

Equity Lifestyle Properties (NYSE:ELS) updated its fourth quarter 2019 earnings guidance on Monday. The company provided EPS guidance of $0.49-0.53 for the period. Equity Lifestyle Properties also updated its FY 2019 guidance to $2.07-2.11 EPS.

A number of research firms have recently weighed in on ELS. Wells Fargo & Co reiterated a hold rating on shares of Equity Lifestyle Properties in a report on Thursday. Zacks Investment Research lowered Equity Lifestyle Properties from a buy rating to a hold rating in a research note on Friday. Finally, ValuEngine raised Equity Lifestyle Properties from a buy rating to a strong-buy rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $58.10.

ELS traded down $0.14 during mid-day trading on Monday, hitting $68.89. 730,512 shares of the stock were exchanged, compared to its average volume of 921,206. The firm’s fifty day moving average is $130.49 and its two-hundred day moving average is $124.41. Equity Lifestyle Properties has a 1-year low of $46.00 and a 1-year high of $69.46. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.15. The company has a market cap of $12.47 billion, a PE ratio of 35.69, a PEG ratio of 4.54 and a beta of 0.20.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Equity Lifestyle Properties had a return on equity of 22.00% and a net margin of 27.02%. The firm had revenue of $248.37 million for the quarter, compared to analyst estimates of $244.91 million. During the same quarter in the prior year, the company earned $0.45 EPS. Equity Lifestyle Properties’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts anticipate that Equity Lifestyle Properties will post 2.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.3065 per share. This represents a $1.23 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, September 26th. Equity Lifestyle Properties’s payout ratio is 63.73%.

In other Equity Lifestyle Properties news, CFO Paul Seavey sold 7,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $124.80, for a total value of $873,600.00. Following the sale, the chief financial officer now owns 71,571 shares of the company’s stock, valued at approximately $8,932,060.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Roger Maynard sold 10,000 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the sale, the executive vice president now directly owns 130,645 shares in the company, valued at approximately $16,330,625. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Equity Lifestyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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