Equity LifeStyle Properties (NYSE:ELS) Issues FY 2024 Earnings Guidance

Equity LifeStyle Properties (NYSE:ELSGet Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 2.840-2.940 for the period, compared to the consensus EPS estimate of 2.890. The company issued revenue guidance of -. Equity LifeStyle Properties also updated its FY24 guidance to $2.84-2.94 EPS.

Equity LifeStyle Properties Trading Down 0.7 %

Shares of NYSE ELS traded down $0.42 during midday trading on Wednesday, reaching $61.35. The company had a trading volume of 221,166 shares, compared to its average volume of 1,239,177. Equity LifeStyle Properties has a one year low of $60.47 and a one year high of $74.04. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average price is $64.83 and its 200-day moving average price is $67.18. The stock has a market cap of $11.44 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 3.73 and a beta of 0.69.

Equity LifeStyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.477 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. Equity LifeStyle Properties’s payout ratio is 104.37%.

Analysts Set New Price Targets

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

Read Our Latest Research Report on ELS

Equity LifeStyle Properties Company Profile

(Get Free Report)

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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