Equity Lifestyle Properties (NYSE:ELS) Announces Earnings Results, Beats Expectations By $0.28 EPS

Equity Lifestyle Properties (NYSE:ELS) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $0.79 EPS for the quarter, topping the consensus estimate of $0.51 by $0.28, Zacks reports. Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%.

Equity Lifestyle Properties Trading Up 1.4%

NYSE ELS traded up $0.88 during mid-day trading on Tuesday, hitting $61.90. The company’s stock had a trading volume of 2,169,401 shares, compared to its average volume of 1,665,146. Equity Lifestyle Properties has a 52-week low of $57.46 and a 52-week high of $69.00. The stock’s fifty day simple moving average is $61.57 and its two-hundred day simple moving average is $63.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market capitalization of $12.01 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 3.63 and a beta of 0.63.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were issued a $0.5425 dividend. The ex-dividend date was Friday, September 25th. This represents a $2.17 annualized dividend and a yield of 3.5%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 104.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ELS shares. Barclays set a $66.00 price target on shares of Equity Lifestyle Properties and gave the company an “equal weight” rating in a report on Wednesday, October 14th. Odeon Capital Group set a $65.00 price objective on Equity Lifestyle Properties in a report on Thursday, July 9th. UBS Group cut their target price on Equity Lifestyle Properties from $76.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Royal Bank Of Canada reduced their target price on Equity Lifestyle Properties from $71.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday, October 13th. Finally, Morgan Stanley reiterated a “mixed” rating and issued a $59.00 target price (down from $62.50) on shares of Equity Lifestyle Properties in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Equity Lifestyle Properties presently has a consensus rating of “Hold” and an average target price of $67.30.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.