Equity LifeStyle Properties, Inc. (NYSE:ELS) Expected to Post Earnings of $0.61 Per Share

Equities analysts expect that Equity LifeStyle Properties, Inc. (NYSE:ELS) will announce $0.61 earnings per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Equity LifeStyle Properties’ earnings. Equity LifeStyle Properties posted earnings of $0.55 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.9%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, October 18th.

According to Zacks, analysts expect that Equity LifeStyle Properties will report full-year earnings of $2.47 per share for the current year. For the next year, analysts expect that the company will report earnings of $2.61 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Equity LifeStyle Properties.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data on Sunday, July 18th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. The firm had revenue of $317.42 million during the quarter, compared to the consensus estimate of $262.68 million. Equity LifeStyle Properties had a net margin of 20.64% and a return on equity of 18.54%. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 earnings per share.

A number of research firms have recently commented on ELS. Royal Bank of Canada increased their price target on shares of Equity LifeStyle Properties from $75.00 to $82.00 and gave the company a “sector perform” rating in a report on Wednesday, July 21st. Colliers Securities reiterated a “buy” rating on shares of Equity LifeStyle Properties in a report on Thursday, September 2nd. Barclays started coverage on shares of Equity LifeStyle Properties in a report on Wednesday, September 1st. They issued an “overweight” rating and a $92.00 target price on the stock. Zacks Investment Research cut shares of Equity LifeStyle Properties from a “buy” rating to a “hold” rating in a report on Thursday, August 5th. Finally, Robert W. Baird increased their price target on shares of Equity LifeStyle Properties from $74.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, July 22nd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $81.50.

Several hedge funds have recently added to or reduced their stakes in ELS. Marshall Wace North America L.P. purchased a new position in shares of Equity LifeStyle Properties during the 1st quarter worth about $69,000. Principal Financial Group Inc. raised its holdings in Equity LifeStyle Properties by 3.8% in the first quarter. Principal Financial Group Inc. now owns 4,454,922 shares of the real estate investment trust’s stock valued at $283,512,000 after acquiring an additional 162,372 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Equity LifeStyle Properties by 8.1% during the first quarter. Rockefeller Capital Management L.P. now owns 40,211 shares of the real estate investment trust’s stock worth $2,559,000 after purchasing an additional 3,009 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Equity LifeStyle Properties by 1.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 32,278 shares of the real estate investment trust’s stock valued at $2,054,000 after acquiring an additional 518 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Equity LifeStyle Properties by 759.7% in the 1st quarter. Acadian Asset Management LLC now owns 9,947 shares of the real estate investment trust’s stock valued at $633,000 after acquiring an additional 8,790 shares during the period. 91.32% of the stock is owned by hedge funds and other institutional investors.

ELS stock traded up $0.39 during trading on Friday, reaching $84.18. The company had a trading volume of 17,220 shares, compared to its average volume of 818,418. The company has a market cap of $15.35 billion, a P/E ratio of 63.73, a PEG ratio of 6.49 and a beta of 0.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties has a 52 week low of $57.93 and a 52 week high of $88.47. The business has a 50 day moving average of $82.66 and a 200 day moving average of $76.36.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 8th. Shareholders of record on Friday, September 24th were paid a $0.363 dividend. The ex-dividend date of this dividend was Thursday, September 23rd. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.72%. Equity LifeStyle Properties’s payout ratio is currently 66.82%.

About Equity LifeStyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations; and Home Sales and Rentals Operations.

Recommended Story: Price Target

Get a free copy of the Zacks research report on Equity LifeStyle Properties (ELS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Equity LifeStyle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity LifeStyle Properties and related companies with MarketBeat.com's FREE daily email newsletter.