Zacks: Analysts Expect Equity LifeStyle Properties, Inc. (NYSE:ELS) to Announce $0.61 Earnings Per Share

Analysts expect Equity LifeStyle Properties, Inc. (NYSE:ELS) to announce $0.61 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Equity LifeStyle Properties’ earnings. Equity LifeStyle Properties posted earnings of $0.55 per share in the same quarter last year, which suggests a positive year over year growth rate of 10.9%. The company is scheduled to report its next earnings report on Monday, October 18th.

On average, analysts expect that Equity LifeStyle Properties will report full year earnings of $2.47 per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $2.61 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Equity LifeStyle Properties.

Equity LifeStyle Properties (NYSE:ELS) last announced its quarterly earnings results on Sunday, July 18th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. Equity LifeStyle Properties had a return on equity of 18.54% and a net margin of 20.64%. The firm had revenue of $317.42 million for the quarter, compared to analyst estimates of $262.68 million. During the same period last year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 24.9% on a year-over-year basis.

A number of analysts have recently commented on ELS shares. Royal Bank of Canada lifted their price target on Equity LifeStyle Properties from $75.00 to $82.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 21st. Robert W. Baird lifted their price objective on Equity LifeStyle Properties from $74.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, July 22nd. They noted that the move was a valuation call. UBS Group initiated coverage on Equity LifeStyle Properties in a research note on Thursday, June 3rd. They issued a “buy” rating and a $80.00 price objective on the stock. Colliers Securities reaffirmed a “buy” rating on shares of Equity LifeStyle Properties in a research note on Thursday, September 2nd. Finally, Zacks Investment Research lowered Equity LifeStyle Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 5th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Equity LifeStyle Properties currently has an average rating of “Buy” and an average target price of $80.56.

Shares of ELS stock traded down $0.86 during mid-day trading on Friday, reaching $80.84. 688,421 shares of the stock traded hands, compared to its average volume of 825,892. The stock’s fifty day simple moving average is $83.26 and its two-hundred day simple moving average is $74.85. Equity LifeStyle Properties has a 1-year low of $57.93 and a 1-year high of $88.47. The company has a market cap of $14.74 billion, a price-to-earnings ratio of 61.24, a price-to-earnings-growth ratio of 6.49 and a beta of 0.50. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.28.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 8th. Shareholders of record on Friday, September 24th will be issued a $0.363 dividend. The ex-dividend date of this dividend is Thursday, September 23rd. This represents a $1.45 dividend on an annualized basis and a yield of 1.80%. Equity LifeStyle Properties’s payout ratio is currently 66.82%.

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in shares of Equity LifeStyle Properties by 22.5% during the second quarter. Bank of America Corp DE now owns 921,285 shares of the real estate investment trust’s stock valued at $68,460,000 after acquiring an additional 169,203 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Equity LifeStyle Properties by 19.7% during the second quarter. Parametric Portfolio Associates LLC now owns 348,384 shares of the real estate investment trust’s stock valued at $25,888,000 after acquiring an additional 57,246 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Equity LifeStyle Properties during the second quarter valued at approximately $238,000. Weiss Multi Strategy Advisers LLC increased its holdings in shares of Equity LifeStyle Properties by 2.1% during the second quarter. Weiss Multi Strategy Advisers LLC now owns 274,672 shares of the real estate investment trust’s stock valued at $20,411,000 after acquiring an additional 5,770 shares in the last quarter. Finally, Zacks Investment Management increased its holdings in shares of Equity LifeStyle Properties by 3.6% during the second quarter. Zacks Investment Management now owns 121,927 shares of the real estate investment trust’s stock valued at $9,061,000 after acquiring an additional 4,231 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Equity LifeStyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations; and Home Sales and Rentals Operations.

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