Equity Lifestyle Properties (NYSE:ELS) Releases Q4 2019 Earnings Guidance

Equity Lifestyle Properties (NYSE:ELS) issued an update on its fourth quarter 2019 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.49-0.53 for the period. Equity Lifestyle Properties also updated its FY 2019 guidance to $2.07-2.11 EPS.

Shares of NYSE ELS traded down $0.14 during midday trading on Monday, hitting $68.89. The company’s stock had a trading volume of 731,102 shares, compared to its average volume of 921,206. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $130.49 and its two-hundred day moving average is $124.41. Equity Lifestyle Properties has a 12-month low of $46.00 and a 12-month high of $69.46. The firm has a market cap of $12.47 billion, a P/E ratio of 35.69, a price-to-earnings-growth ratio of 4.54 and a beta of 0.20.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Equity Lifestyle Properties had a return on equity of 22.00% and a net margin of 27.02%. The firm had revenue of $248.37 million for the quarter, compared to the consensus estimate of $244.91 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts predict that Equity Lifestyle Properties will post 2.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.3065 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.23 annualized dividend and a dividend yield of 1.78%. Equity Lifestyle Properties’s payout ratio is 63.73%.

Several equities research analysts have recently weighed in on ELS shares. Wells Fargo & Co reiterated a hold rating on shares of Equity Lifestyle Properties in a report on Thursday. ValuEngine upgraded Equity Lifestyle Properties from a buy rating to a strong-buy rating in a report on Thursday. Finally, Zacks Investment Research downgraded Equity Lifestyle Properties from a buy rating to a hold rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $58.10.

In other Equity Lifestyle Properties news, EVP Roger Maynard sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the transaction, the executive vice president now directly owns 130,645 shares in the company, valued at approximately $16,330,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul Seavey sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $124.80, for a total value of $873,600.00. Following the transaction, the chief financial officer now owns 71,571 shares in the company, valued at $8,932,060.80. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Equity Lifestyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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