Equity Lifestyle Properties (ELS) Getting Favorable News Coverage, Analysis Shows
Media headlines about Equity Lifestyle Properties (NYSE:ELS) have trended positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Equity Lifestyle Properties earned a news impact score of 0.31 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.7987547663731 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
ELS has been the topic of a number of research reports. BidaskClub raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Tuesday, August 29th. Citigroup raised their price objective on Equity Lifestyle Properties from $86.00 to $88.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, Robert W. Baird cut Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a report on Friday, September 8th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Equity Lifestyle Properties currently has a consensus rating of “Hold” and a consensus target price of $88.50.
Equity Lifestyle Properties (ELS) traded up $0.50 on Friday, reaching $91.43. The company had a trading volume of 467,510 shares, compared to its average volume of 325,548. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.20. Equity Lifestyle Properties has a fifty-two week low of $69.62 and a fifty-two week high of $91.90. The company has a market cap of $8,030.94, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 4.91 and a beta of 0.30.
Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, October 16th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.34). Equity Lifestyle Properties had a return on equity of 21.07% and a net margin of 22.52%. The company had revenue of $241.63 million for the quarter, compared to the consensus estimate of $226.85 million. During the same quarter in the previous year, the business earned $0.83 earnings per share. Equity Lifestyle Properties’s revenue was up 6.8% compared to the same quarter last year. equities research analysts anticipate that Equity Lifestyle Properties will post 3.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.488 per share. This represents a $1.95 annualized dividend and a yield of 2.13%. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 93.30%.
About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an 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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