Equity LifeStyle Properties, Inc. (ELS) to Issue Quarterly Dividend of $0.52 on April 11th

Equity LifeStyle Properties, Inc. (NYSE:ELS) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.515 per share by the real estate investment trust on Friday, April 11th. This represents a $2.06 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.48.

Equity LifeStyle Properties has raised its dividend payment by an average of 9.6% annually over the last three years. Equity LifeStyle Properties has a dividend payout ratio of 89.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Equity LifeStyle Properties to earn $3.28 per share next year, which means the company should continue to be able to cover its $1.91 annual dividend with an expected future payout ratio of 58.2%.

Equity LifeStyle Properties Stock Performance

Shares of NYSE:ELS opened at $66.27 on Friday. Equity LifeStyle Properties has a 1 year low of $59.82 and a 1 year high of $76.60. The stock has a market capitalization of $12.66 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 2.82 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03. The company’s 50 day simple moving average is $67.09 and its 200 day simple moving average is $69.44.

Equity LifeStyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. As a group, research analysts predict that Equity LifeStyle Properties will post 3.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ELS. Robert W. Baird boosted their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $73.00 in a research note on Tuesday, January 21st. Evercore ISI reduced their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research report on Tuesday, January 28th. Finally, Compass Point lifted their price objective on Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.90.

Equity LifeStyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.