Equity Lifestyle Properties Inc. (NYSE:ELS) will be announcing its earnings results on Tuesday, October 18th. Equity Lifestyle Properties has set its Q3 guidance at $0.79 – $0.85 EPS and its FY16 guidance at $3.22-3.32 EPS.Investors interested in participating in the company’s conference call can do so using this link.
Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, July 18th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. Equity Lifestyle Properties had a net margin of 21.01% and a return on equity of 20.11%. The firm had revenue of $210.10 million for the quarter, compared to analyst estimates of $114.76 million. During the same period in the prior year, the business posted $0.70 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts expect Equity Lifestyle Properties to post $3.30 EPS for the current fiscal year and $3.53 EPS for the next fiscal year.
Equity Lifestyle Properties Inc. (NYSE:ELS) opened at 74.98 on Friday. Equity Lifestyle Properties Inc. has a one year low of $57.71 and a one year high of $83.19. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 40.46 and a beta of 0.40. The stock has a 50 day moving average of $76.79 and a 200 day moving average of $75.66.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.27%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 91.40%.
Several hedge funds and other institutional investors have recently bought and sold shares of ELS. Janney Montgomery Scott LLC boosted its position in Equity Lifestyle Properties by 1.3% in the second quarter. Janney Montgomery Scott LLC now owns 3,164 shares of the company’s stock worth $211,000 after buying an additional 41 shares during the last quarter. National Asset Management Inc. boosted its position in Equity Lifestyle Properties by 2.4% in the second quarter. National Asset Management Inc. now owns 3,352 shares of the company’s stock worth $269,000 after buying an additional 80 shares during the last quarter. Profund Advisors LLC boosted its position in Equity Lifestyle Properties by 13.7% in the second quarter. Profund Advisors LLC now owns 4,778 shares of the company’s stock worth $382,000 after buying an additional 575 shares during the last quarter. BlackRock Japan Co. Ltd boosted its position in Equity Lifestyle Properties by 8.4% in the second quarter. BlackRock Japan Co. Ltd now owns 8,573 shares of the company’s stock worth $686,000 after buying an additional 666 shares during the last quarter. Finally, Paloma Partners Management Co boosted its position in Equity Lifestyle Properties by 7.3% in the second quarter. Paloma Partners Management Co now owns 11,750 shares of the company’s stock worth $940,000 after buying an additional 799 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on ELS. BMO Capital Markets reaffirmed a “hold” rating and set a $77.00 price target on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. TheStreet cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. Finally, Citigroup Inc. lifted their price target on shares of Equity Lifestyle Properties from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$71.25.
Equity Lifestyle Properties Company Profile
Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated 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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