Equity LifeStyle Properties (NYSE:ELS – Get Free Report) updated its second quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.610-0.670 for the period, compared to the consensus estimate of 0.670. The company issued revenue guidance of -. Equity LifeStyle Properties also updated its FY 2024 guidance to 2.840-2.940 EPS.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada reissued a sector perform rating and issued a $70.00 price objective on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Equity LifeStyle Properties in a report on Tuesday, January 30th. They issued a hold rating and a $64.00 price objective for the company. Truist Financial dropped their price objective on shares of Equity LifeStyle Properties from $73.00 to $72.00 and set a hold rating for the company in a report on Wednesday, January 24th. Finally, Wolfe Research raised shares of Equity LifeStyle Properties from a peer perform rating to an outperform rating and set a $75.00 price objective for the company in a report on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $70.15.
Read Our Latest Stock Analysis on ELS
Equity LifeStyle Properties Stock Down 0.9 %
Equity LifeStyle Properties Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Wednesday, March 27th. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. Equity LifeStyle Properties’s dividend payout ratio is currently 104.37%.
Equity LifeStyle Properties Company Profile
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.
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