Equity Lifestyle Properties Inc. (NYSE:ELS) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.75-0.81 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.81. Equity Lifestyle Properties also updated its FY17 guidance to $3.45-3.55 EPS.
A number of research analysts have recently weighed in on the company. BMO Capital Markets restated a hold rating and issued a $77.00 target price on shares of Equity Lifestyle Properties in a report on Thursday, July 28th. Citigroup Inc. raised their target price on Equity Lifestyle Properties from $70.00 to $80.00 and gave the company a neutral rating in a report on Thursday, July 7th. Evercore ISI assumed coverage on Equity Lifestyle Properties in a report on Friday. They issued a hold rating and a $74.00 target price on the stock. Finally, TheStreet lowered Equity Lifestyle Properties from a buy rating to a hold rating in a report on Friday, October 7th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Equity Lifestyle Properties currently has an average rating of Hold and a consensus price target of C$71.64.
Shares of Equity Lifestyle Properties Inc. (NYSE:ELS) opened at 74.53 on Tuesday. Equity Lifestyle Properties Inc. has a 52-week low of $57.71 and a 52-week high of $83.19. The firm has a 50-day moving average price of $76.58 and a 200-day moving average price of $75.76. The stock has a market capitalization of $6.36 billion, a P/E ratio of 40.22 and a beta of 0.40.
Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, October 17th. The company reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.83. Equity Lifestyle Properties had a return on equity of 20.11% and a net margin of 21.01%. The firm had revenue of $226.20 million for the quarter, compared to the consensus estimate of $116.42 million. During the same quarter in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that Equity Lifestyle Properties Inc. will post $3.30 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a dividend of $0.425 per share. The ex-dividend date was Wednesday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.28%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 91.40%.
Hedge funds have recently modified their holdings of the company. Teachers Advisors Inc. boosted its stake in shares of Equity Lifestyle Properties by 2.6% in the second quarter. Teachers Advisors Inc. now owns 734,067 shares of the company’s stock worth $58,762,000 after buying an additional 18,710 shares in the last quarter. Columbia Wanger Asset Management LLC bought a new stake in shares of Equity Lifestyle Properties during the second quarter worth approximately $41,492,000. Nuveen Asset Management LLC boosted its stake in shares of Equity Lifestyle Properties by 4.2% in the second quarter. Nuveen Asset Management LLC now owns 485,169 shares of the company’s stock worth $38,838,000 after buying an additional 19,763 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of Equity Lifestyle Properties by 10.2% in the second quarter. Janus Capital Management LLC now owns 344,200 shares of the company’s stock worth $27,553,000 after buying an additional 31,871 shares in the last quarter. Finally, Allianz Asset Management AG boosted its stake in shares of Equity Lifestyle Properties by 392.4% in the second quarter. Allianz Asset Management AG now owns 338,857 shares of the company’s stock worth $27,126,000 after buying an additional 270,035 shares in the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.
About Equity Lifestyle Properties
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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