Equity LifeStyle Properties (NYSE:ELS) issued its quarterly earnings results on Sunday. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.21), MarketWatch Earnings reports. Equity LifeStyle Properties had a return on equity of 16.66% and a net margin of 20.27%. The company had revenue of $271.90 million for the quarter, compared to analysts’ expectations of $267.99 million. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis.
Equity LifeStyle Properties stock traded up $0.78 during mid-day trading on Tuesday, reaching $64.50. The company’s stock had a trading volume of 1,312,075 shares, compared to its average volume of 993,828. The firm’s fifty day moving average price is $61.26 and its two-hundred day moving average price is $62.93. The company has a market capitalization of $11.75 billion, a P/E ratio of 53.10, a PEG ratio of 4.60 and a beta of 0.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.06 and a current ratio of 0.06. Equity LifeStyle Properties has a 12-month low of $41.97 and a 12-month high of $77.55.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 8th. Investors of record on Thursday, December 24th were paid a $0.343 dividend. The ex-dividend date was Wednesday, December 23rd. This represents a $1.37 dividend on an annualized basis and a yield of 2.13%. Equity LifeStyle Properties’s dividend payout ratio is 65.55%.
Several equities research analysts have recently issued reports on the stock. Berenberg Bank assumed coverage on shares of Equity LifeStyle Properties in a research note on Thursday, October 1st. They set a “buy” rating and a $73.00 price target for the company. Smith Barney Citigroup upgraded shares of Equity LifeStyle Properties from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Equity LifeStyle Properties from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 15th. BMO Capital Markets lowered shares of Equity LifeStyle Properties from an “outperform” rating to a “market perform” rating and set a $66.00 price objective for the company. in a research note on Monday, January 11th. Finally, Zacks Investment Research lowered shares of Equity LifeStyle Properties from a “buy” rating to a “hold” rating in a research note on Friday, November 6th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $67.50.
Equity LifeStyle Properties Company Profile
We are a self-administered, self-managed real estate investment trust (ÂREITÂ) with headquarters in Chicago. As of October 19, 2020, we own or have an interest in 415 quality properties in 33 states and British Columbia consisting of 157,690 sites.
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