Equity Lifestyle Properties, Inc. (NYSE:ELS) announced its earnings results on Monday. The real estate investment trust reported $0.81 EPS for the quarter, meeting analysts’ consensus estimates of $0.81, Bloomberg Earnings reports. The firm had revenue of $221.30 million for the quarter, compared to analysts’ expectations of $209.80 million. Equity Lifestyle Properties had a return on equity of 20.44% and a net margin of 21.87%. Equity Lifestyle Properties’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. Equity Lifestyle Properties updated its Q3 guidance to $0.86-0.92 EPS and its FY17 guidance to $3.52-3.62 EPS.
Equity Lifestyle Properties (NYSE ELS) traded up 1.36% during midday trading on Monday, hitting $86.32. The stock had a trading volume of 375,842 shares. The firm has a 50 day moving average price of $84.97 and a 200 day moving average price of $78.54. Equity Lifestyle Properties has a one year low of $65.87 and a one year high of $87.76. The stock has a market cap of $7.50 billion, a PE ratio of 43.60 and a beta of 0.31.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.4875 per share. This represents a $1.95 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, June 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 98.49%.
In other Equity Lifestyle Properties news, Vice Chairman Howard Walker sold 1,608 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $82.11, for a total transaction of $132,032.88. Following the sale, the insider now directly owns 57,265 shares of the company’s stock, valued at approximately $4,702,029.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.10% of the stock is owned by insiders.
Several research firms have recently issued reports on ELS. BidaskClub upgraded Equity Lifestyle Properties from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Zacks Investment Research cut Equity Lifestyle Properties from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. TheStreet upgraded Equity Lifestyle Properties from a “c+” rating to a “b” rating in a report on Monday, April 17th. Finally, Evercore ISI raised their price objective on Equity Lifestyle Properties from $74.00 to $77.00 and gave the stock an “underperform” rating in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Equity Lifestyle Properties currently has a consensus rating of “Hold” and a consensus price target of $80.50.
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About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an 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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