Equity LifeStyle Properties (NYSE:ELS) Issues Earnings Results, Meets Estimates

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) announced its quarterly earnings results on Monday. The real estate investment trust reported $0.83 EPS for the quarter, hitting analysts' consensus estimates of $0.83, Zacks reports. The firm had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. During the same period in the previous year, the business posted $0.59 earnings per share. Equity LifeStyle Properties updated its Q2 2025 guidance to 0.660-0.720 EPS and its FY 2025 guidance to 3.010-3.110 EPS.

Equity LifeStyle Properties Price Performance

NYSE ELS traded up $0.70 during trading hours on Thursday, reaching $63.48. The company's stock had a trading volume of 415,377 shares, compared to its average volume of 1,539,754. The company has a quick ratio of 0.03, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. Equity LifeStyle Properties has a 1 year low of $58.86 and a 1 year high of $76.60. The firm's 50-day moving average price is $66.33 and its 200-day moving average price is $67.56. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 3.02 and a beta of 0.72.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.515 dividend. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.25%. Equity LifeStyle Properties's dividend payout ratio is 106.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ELS. Evercore ISI decreased their target price on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research note on Tuesday, January 28th. Jefferies Financial Group assumed coverage on Equity LifeStyle Properties in a report on Tuesday, April 8th. They issued a "buy" rating and a $80.00 target price on the stock. Truist Financial raised Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. BMO Capital Markets reduced their price target on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, Robert W. Baird boosted their target price on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.10.

About Equity LifeStyle Properties

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.