Equity LifeStyle Properties (NYSE:ELS – Get Free Report) updated its second quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of 0.610-0.670 for the period, compared to the consensus earnings per share estimate of 0.670. The company issued revenue guidance of -. Equity LifeStyle Properties also updated its FY 2024 guidance to 2.840-2.940 EPS.
Equity LifeStyle Properties Stock Down 0.9 %
Shares of ELS traded down $0.57 during trading on Thursday, reaching $60.75. The company’s stock had a trading volume of 971,626 shares, compared to its average volume of 1,252,582. The company has a fifty day moving average of $64.64 and a two-hundred day moving average of $67.12. Equity LifeStyle Properties has a twelve month low of $60.47 and a twelve month high of $74.04. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 33.20, a P/E/G ratio of 3.68 and a beta of 0.69. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.33.
Equity LifeStyle Properties Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.14%. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 27th. Equity LifeStyle Properties’s dividend payout ratio is presently 104.37%.
Analyst Ratings Changes
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About Equity LifeStyle Properties
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.
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