Equity Lifestyle Properties Inc. (els) to Issue Quarterly Dividend of C$0.43 on October 14th
Equity Lifestyle Properties Inc. (NYSE:els) declared a quarterly dividend on Wednesday, August 10th. Shareholders of record on Friday, September 30th will be paid a dividend of 0.425 per share on Friday, October 14th. This represents a $1.70 annualized dividend and a yield of 2.14%. The ex-dividend date is Wednesday, September 28th.
Equity Lifestyle Properties (NYSE:ELS) opened at 79.56 on Friday. The stock has a market capitalization of $6.79 billion, a PE ratio of 42.94 and a beta of 0.48. The stock’s 50 day moving average is $78.52 and its 200 day moving average is $75.32. Equity Lifestyle Properties has a 12-month low of $56.58 and a 12-month high of $83.19.
Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Monday, July 18th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Equity Lifestyle Properties had a net margin of 21.01% and a return on equity of 20.11%. The company had revenue of $210.10 million for the quarter, compared to analysts’ expectations of $114.76 million. During the same period in the prior year, the business earned $0.70 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts anticipate that Equity Lifestyle Properties will post $3.30 EPS for the current fiscal year.
Several research analysts have issued reports on ELS shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $77.00 target price on shares of Equity Lifestyle Properties in a report on Thursday, July 28th. Citigroup Inc. lifted their target price on shares of Equity Lifestyle Properties from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of Equity Lifestyle Properties in a report on Saturday, June 4th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of C$71.25.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in shares of Equity Lifestyle Properties by 1.3% in the second quarter. Janney Montgomery Scott LLC now owns 3,164 shares of the company’s stock valued at $211,000 after buying an additional 41 shares during the last quarter. National Asset Management Inc. boosted its stake in Equity Lifestyle Properties by 2.4% in the second quarter. National Asset Management Inc. now owns 3,352 shares of the company’s stock worth $269,000 after buying an additional 80 shares in the last quarter. Profund Advisors LLC boosted its stake 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. Quadrature Capital Ltd boosted its stake in Equity Lifestyle Properties by 83.0% in the second quarter. Quadrature Capital Ltd now owns 6,055 shares of the company’s stock worth $485,000 after buying an additional 2,746 shares in the last quarter. Finally, BlackRock Japan Co. Ltd boosted its stake in Equity Lifestyle Properties by 8.4% in the second quarter. BlackRock Japan Co. Ltd now owns 8,573 shares of the company’s stock worth $686,000 after buying an additional 666 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.
Equity Lifestyle Properties Company Profile
Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations, and Home Sales and Rentals Operations.
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