Equity LifeStyle Properties (NYSE:ELS) Issues FY24 Earnings Guidance

Equity LifeStyle Properties (NYSE:ELS) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $2.84-2.94 for the period, compared to the consensus EPS estimate of $2.89. Equity LifeStyle Properties also updated its FY 2024 guidance to 2.840-2.940 EPS.

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 research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Equity LifeStyle Properties in a report on Tuesday, January 30th. They set a hold rating and a $64.00 target price on the stock. Royal Bank of Canada reiterated a sector perform rating and issued a $70.00 price objective on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Finally, Truist Financial decreased their target price 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $70.15.

Equity LifeStyle Properties Trading Down 0.9 %

Shares of Equity LifeStyle Properties stock traded down $0.57 during trading on Thursday, reaching $60.75. The company’s stock had a trading volume of 971,622 shares, compared to its average volume of 1,248,629. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 3.68 and a beta of 0.69. The firm’s 50-day moving average is $64.64 and its two-hundred day moving average is $67.12. Equity LifeStyle Properties has a 52-week low of $60.47 and a 52-week 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 0.33.

Equity LifeStyle Properties Increases Dividend

The business 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 yield of 3.14%. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 104.37%.

Equity LifeStyle Properties Company Profile

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.