Equity LifeStyle Properties (NYSE:ELS – Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 2.840-2.940 for the period, compared to the consensus earnings per share 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 Price Performance
Shares of NYSE:ELS traded down $0.42 on Wednesday, reaching $61.35. 221,166 shares of the company were exchanged, compared to its average volume of 1,239,177. 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 has a 1-year low of $60.47 and a 1-year high of $74.04. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 3.73 and a beta of 0.69. The company has a 50-day moving average of $64.83 and a 200-day moving average of $67.18.
Equity LifeStyle Properties Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.477 per share. The ex-dividend date was Wednesday, March 27th. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.11%. Equity LifeStyle Properties’s dividend payout ratio is 104.37%.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Equity LifeStyle Properties
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.
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