Equity LifeStyle Properties (ELS) to Release Quarterly Earnings on Monday

Equity LifeStyle Properties (NYSE:ELS) is expected to be issuing its quarterly earnings data before the market opens on Monday, February 3rd. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS opened at $67.15 on Monday. 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 twelve month low of $59.82 and a twelve month high of $76.60. The company’s 50 day moving average is $68.01 and its 200 day moving average is $69.55. The company has a market cap of $12.83 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 3.28 and a beta of 0.79.

Equity LifeStyle Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a dividend of $0.477 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.91 annualized dividend and a dividend yield of 2.84%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 98.45%.

Wall Street Analysts Forecast Growth

ELS has been the topic of several analyst reports. Jefferies Financial Group raised Equity LifeStyle Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $72.00 to $80.00 in a research report on Thursday, January 2nd. Evercore ISI lifted their price target on Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $73.00 in a research report on Tuesday, January 21st. UBS Group raised shares of Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Three 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.20.

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.