Equity LifeStyle Properties (NYSE:ELS) Issues Q2 2024 Earnings Guidance

Equity LifeStyle Properties (NYSE:ELSGet Free Report) issued an update on its second quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.610-0.670 for the period, compared to the consensus EPS 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.

Equity LifeStyle Properties Price Performance

Shares of ELS stock traded down $0.42 during trading hours on Wednesday, hitting $61.35. 221,166 shares of the company’s stock were exchanged, compared to its average volume of 1,239,177. 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 has a market cap of $11.44 billion, a P/E ratio of 33.73, a P/E/G ratio of 3.73 and a beta of 0.69. The firm has a 50 day moving average of $64.83 and a two-hundred day moving average of $67.18. Equity LifeStyle Properties has a fifty-two week low of $60.47 and a fifty-two week high of $74.04.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors 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 3.11%. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 27th. Equity LifeStyle Properties’s payout ratio is presently 104.37%.

Analyst Ratings Changes

ELS has been the subject of several analyst reports. Wolfe Research upgraded Equity LifeStyle Properties from a peer perform rating to an outperform rating and set a $75.00 target price for the company in a report on Friday, February 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Equity LifeStyle Properties in a report on Tuesday, January 30th. They issued a hold rating and a $64.00 target price for the company. Royal Bank of Canada restated a sector perform rating and issued a $70.00 target price on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Finally, Truist Financial decreased their price target on Equity LifeStyle Properties from $73.00 to $72.00 and set a hold rating on the stock in a research note on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $70.15.

View Our Latest Stock Analysis on Equity LifeStyle Properties

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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