Equity Lifestyle Properties (ELS) Updates Q1 Earnings Guidance
Equity Lifestyle Properties (ELS) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $1.35-1.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.32. Equity Lifestyle Properties also updated its FY13 guidance to $4.94-5.14 EPS.
Several analysts have also recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Equity Lifestyle Properties in a research note to investors on Tuesday, December 18th. They set a neutral rating and a $12.00 price target on the stock. Analysts at Cantor Fitzgerald cut their price target on shares of Equity Lifestyle Properties from $77.50 to $73.50 in a research note to investors on Monday, December 17th. They now have a buy rating on the stock.
Three investment analysts have rated the stock with a buy rating, and two have given a hold rating to the company’s stock. Equity Lifestyle Properties currently has a consensus rating of overweight and an average price target of $73.62.
Shares of Equity Lifestyle Properties (ELS) traded up 0.38% during mid-day trading on Monday, hitting $71.92. Equity Lifestyle Properties (ELS) has a one year low of $63.18 and a one year high of $73.26. The stock’s 50-day moving average is currently $68.76. The company has a market cap of $2.980 billion and a P/E ratio of 66.96.
Equity Lifestyle Properties last released its earnings data on Tuesday, January 29th. The company reported $1.11 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.11. The company had revenue of $171.93 million for the quarter, compared to the consensus estimate of $169.27 million. During the same quarter last year, the company posted $0.96 earnings per share. Equity Lifestyle Properties’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Equity Lifestyle Properties (ELS) will post $4.61 earnings per share for the current fiscal year.
Equity LifeStyle Properties, Inc. is an integrated owner and operator of lifestyle-oriented properties (Properties).
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