Equity LifeStyle Properties (NYSE:ELS) Updates Q2 Earnings Guidance

Equity LifeStyle Properties (NYSE:ELS) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of $0.61-0.67 for the period, compared to the consensus EPS estimate of $0.66. Equity LifeStyle Properties also updated its FY 2024 guidance to 2.840-2.940 EPS.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a hold rating and a $64.00 price target on the stock. Truist Financial cut their target price on Equity LifeStyle Properties from $73.00 to $72.00 and set a hold rating on the stock in a research report on Wednesday, January 24th. Wolfe Research raised Equity LifeStyle Properties from a peer perform rating to an outperform rating and set a $75.00 target price on the stock in a research report on Friday, February 9th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a $70.00 price target on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $70.15.

Equity LifeStyle Properties Trading Down 1.5 %

Shares of Equity LifeStyle Properties stock opened at $61.73 on Wednesday. The firm has a market capitalization of $11.51 billion, a PE ratio of 33.73, a P/E/G ratio of 3.73 and a beta of 0.69. Equity LifeStyle Properties has a twelve month low of $60.47 and a twelve month high of $74.04. The firm’s 50-day moving average price is $64.83 and its 200 day moving average price is $67.18. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.09%. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 104.37%.

About Equity LifeStyle Properties

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.