Equity LifeStyle Properties (NYSE:ELS – Get Free Report) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.61-0.67 for the period, compared to the consensus earnings per share estimate of $0.66. Equity LifeStyle Properties also updated its FY 2024 guidance to 2.840-2.940 EPS.
Equity LifeStyle Properties Price Performance
Shares of Equity LifeStyle Properties stock opened at $61.73 on Wednesday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $64.83 and its two-hundred day moving average price is $67.18. Equity LifeStyle Properties has a 52 week low of $60.47 and a 52 week high of $74.04. The stock has a market cap of $11.51 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 3.73 and a beta of 0.69.
Equity LifeStyle Properties Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a $0.477 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. This represents a $1.91 annualized dividend and a yield of 3.09%. Equity LifeStyle Properties’s payout ratio is 104.37%.
Analyst Ratings Changes
View Our Latest Analysis on ELS
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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