Equity LifeStyle Properties (NYSE:ELS) Releases FY 2022 Earnings Guidance

Equity LifeStyle Properties (NYSE:ELSGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.68-$2.78 for the period. The company issued revenue guidance of -. Equity LifeStyle Properties also updated its Q3 2022 guidance to $0.66-$0.72 EPS.

Equity LifeStyle Properties Stock Performance

Shares of NYSE:ELS traded up $1.17 during mid-day trading on Thursday, reaching $72.49. The company had a trading volume of 4,522 shares, compared to its average volume of 1,079,847. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.37. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 46.92, a PEG ratio of 5.17 and a beta of 0.60. The company’s 50-day moving average price is $72.32 and its 200-day moving average price is $75.15. Equity LifeStyle Properties has a one year low of $67.57 and a one year high of $88.70.

Equity LifeStyle Properties (NYSE:ELSGet Rating) last released its quarterly earnings results on Monday, July 18th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $365.31 million during the quarter, compared to the consensus estimate of $331.29 million. Equity LifeStyle Properties had a return on equity of 19.46% and a net margin of 20.28%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. As a group, equities research analysts anticipate that Equity LifeStyle Properties will post 2.75 EPS for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.41 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.64 annualized dividend and a yield of 2.26%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 107.90%.

Analyst Upgrades and Downgrades

ELS has been the subject of several research reports. Wolfe Research initiated coverage on shares of Equity LifeStyle Properties in a research report on Friday, July 15th. They issued a peer perform rating for the company. Truist Financial reiterated a buy rating and issued a $77.00 target price on shares of Equity LifeStyle Properties in a research report on Thursday, July 21st. BMO Capital Markets cut their target price on shares of Equity LifeStyle Properties from $87.00 to $75.00 in a research report on Tuesday, July 19th. StockNews.com began coverage on shares of Equity LifeStyle Properties in a research report on Thursday, March 31st. They issued a hold rating for the company. Finally, Colliers Securities set a $92.00 price target on shares of Equity LifeStyle Properties in a research report on Tuesday, July 19th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $84.86.

Hedge Funds Weigh In On Equity LifeStyle Properties

A number of institutional investors have recently bought and sold shares of ELS. Invesco Ltd. grew its holdings in shares of Equity LifeStyle Properties by 147.1% during the first quarter. Invesco Ltd. now owns 2,541,777 shares of the real estate investment trust’s stock valued at $194,396,000 after buying an additional 1,512,944 shares during the last quarter. State Street Corp grew its holdings in shares of Equity LifeStyle Properties by 13.0% during the first quarter. State Street Corp now owns 8,817,442 shares of the real estate investment trust’s stock valued at $677,864,000 after buying an additional 1,016,542 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Equity LifeStyle Properties by 136.7% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 330,500 shares of the real estate investment trust’s stock valued at $25,277,000 after buying an additional 190,900 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Equity LifeStyle Properties by 0.8% during the first quarter. Vanguard Group Inc. now owns 24,685,594 shares of the real estate investment trust’s stock valued at $1,887,954,000 after buying an additional 184,219 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Equity LifeStyle Properties by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,868,954 shares of the real estate investment trust’s stock valued at $142,938,000 after buying an additional 36,840 shares during the last quarter. 90.90% of the stock is owned by institutional investors.

Equity LifeStyle Properties Company Profile

(Get Rating)

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

Further Reading

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