Trading Report: The Equity Lifestyle Properties Inc. (ELS) Updates FY17 Earnings Guidance

The Equity Lifestyle Properties Inc. (ELS) Updates FY17 Earnings Guidance

Equity Lifestyle Properties Inc. (NYSE:ELS) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of $3.45-3.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.53. Equity Lifestyle Properties also updated its Q4 guidance to $0.75-0.81 EPS.

ELS has been the topic of a number of recent research reports. BMO Capital Markets reissued a hold rating and set a $77.00 target price on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Citigroup Inc. boosted their target price on shares of Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a neutral rating in a research report on Thursday, July 7th. Evercore ISI initiated coverage on shares of Equity Lifestyle Properties in a research report on Friday. They set a hold rating and a $74.00 target price on the stock. Finally, TheStreet cut shares of Equity Lifestyle Properties from a buy rating to a hold rating in a research report on Friday, October 7th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Equity Lifestyle Properties presently has a consensus rating of Hold and an average price target of C$71.64.

Equity Lifestyle Properties Inc. (NYSE:ELS) traded up 0.27% during mid-day trading on Monday, reaching $74.53. 484,094 shares of the company traded hands. Equity Lifestyle Properties Inc. has a 52-week low of $57.71 and a 52-week high of $83.19. The stock has a 50 day moving average price of $76.67 and a 200-day moving average price of $75.69. The company has a market capitalization of $6.36 billion, a P/E ratio of 40.22 and a beta of 0.40.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, October 17th. The company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The business earned $226.20 million during the quarter, compared to analyst estimates of $116.42 million. Equity Lifestyle Properties had a net margin of 21.01% and a return on equity of 20.11%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. Analysts expect that Equity Lifestyle Properties Inc. will post $3.30 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Wednesday, September 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 91.40%.

A number of institutional investors have recently added to or reduced their stakes in the company. Piermont Capital Management Inc. increased its position in Equity Lifestyle Properties by 138.2% in the second quarter. Piermont Capital Management Inc. now owns 8,980 shares of the company’s stock worth $719,000 after buying an additional 5,210 shares in the last quarter. Columbia Wanger Asset Management LLC purchased a new position in Equity Lifestyle Properties during the second quarter worth approximately $41,492,000. Profund Advisors LLC increased its position in Equity Lifestyle Properties by 13.7% in the second quarter. Profund Advisors LLC now owns 4,778 shares of the company’s stock worth $382,000 after buying an additional 575 shares in the last quarter. Rhumbline Advisers increased its position in Equity Lifestyle Properties by 1.3% in the second quarter. Rhumbline Advisers now owns 87,834 shares of the company’s stock worth $7,031,000 after buying an additional 1,112 shares in the last quarter. Finally, WBI Investments Inc. purchased a new position in Equity Lifestyle Properties during the second quarter worth approximately $1,201,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Equity Lifestyle Properties Company Profile

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