Equity Lifestyle Properties (NYSE:ELS) Announces Quarterly Earnings Results, Hits Expectations

Key Points

• Equity Lifestyle Properties reported earnings of $0.75 EPS for the quarter, exceeding analysts' expectations of $0.74 EPS by $0.01.
• The company revised its FY 2025 EPS guidance to a range of 3.010-3.110 and Q4 2025 guidance to 0.750-0.810.
• Equity Lifestyle Properties announced a quarterly dividend of $0.515 per share, resulting in an annualized dividend yield of 3.3%.

Equity Lifestyle Properties (NYSE:ELS - Get Free Report) released its earnings results on Wednesday. The real estate investment trust reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75, Zacks reports. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.During the same period in the prior year, the firm earned $0.72 EPS. The business's revenue for the quarter was up 1.5% on a year-over-year basis. Equity Lifestyle Properties updated its FY 2025 guidance to 3.010-3.110 EPS and its Q4 2025 guidance to 0.750-0.810 EPS.

Equity Lifestyle Properties Stock Performance

Equity Lifestyle Properties stock traded up $0.41 during midday trading on Wednesday, hitting $63.35. 1,616,208 shares of the company's stock were exchanged, compared to its average volume of 1,586,594. The firm's 50 day simple moving average is $60.97 and its 200 day simple moving average is $62.12. Equity Lifestyle Properties has a 12-month low of $58.15 and a 12-month high of $73.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 3.40 and a beta of 0.71.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, September 26th. Equity Lifestyle Properties's dividend payout ratio is currently 106.74%.

Institutional Investors Weigh In On Equity Lifestyle Properties

Several large investors have recently modified their holdings of the stock. Worldquant Millennium Advisors LLC raised its position in Equity Lifestyle Properties by 8.0% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 186,951 shares of the real estate investment trust's stock worth $11,529,000 after buying an additional 13,816 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in Equity Lifestyle Properties in the 2nd quarter valued at approximately $491,000. Ieq Capital LLC increased its position in Equity Lifestyle Properties by 1,088.3% during the 2nd quarter. Ieq Capital LLC now owns 55,123 shares of the real estate investment trust's stock worth $3,399,000 after purchasing an additional 50,484 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Equity Lifestyle Properties by 2.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 88,541 shares of the real estate investment trust's stock worth $5,460,000 after buying an additional 2,167 shares in the last quarter. Finally, AXA S.A. acquired a new stake in shares of Equity Lifestyle Properties in the 2nd quarter valued at approximately $1,293,000. Hedge funds and other institutional investors own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ELS. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a "strong-buy" rating in a research note on Monday. Morgan Stanley cut their price objective on Equity Lifestyle Properties from $67.50 to $62.50 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Barclays raised shares of Equity Lifestyle Properties from an "equal weight" rating to an "overweight" rating and decreased their target price for the company from $70.00 to $67.00 in a research report on Tuesday, July 29th. Wall Street Zen cut shares of Equity Lifestyle Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Equity Lifestyle Properties in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Equity Lifestyle Properties currently has an average rating of "Moderate Buy" and an average target price of $71.05.

Equity Lifestyle Properties Company Profile

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.