Equity LifeStyle Properties (NYSE:ELS) Posts Quarterly Earnings Results

Equity LifeStyle Properties (NYSE:ELS - Get Free Report) released its quarterly earnings results on Monday. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.83, Zacks reports. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The firm had revenue of $327.21 million for the quarter, compared to the consensus estimate of $391.34 million. During the same period last year, the business posted $0.59 EPS. Equity LifeStyle Properties updated its Q2 2025 guidance to 0.660-0.720 EPS and its FY 2025 guidance to 3.010-3.110 EPS.

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS traded down $0.30 during trading on Friday, hitting $63.11. 1,196,720 shares of the company's stock were exchanged, compared to its average volume of 1,303,097. The business's 50-day simple moving average is $66.25 and its 200 day simple moving average is $67.51. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 3.02 and a beta of 0.72. Equity LifeStyle Properties has a 52-week low of $58.86 and a 52-week high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.515 dividend. This is a positive change from Equity LifeStyle Properties's previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.26%. Equity LifeStyle Properties's dividend payout ratio is 106.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ELS shares. Evercore ISI cut their price target on Equity LifeStyle Properties from $74.00 to $73.00 and set an "in-line" rating for the company in a research note on Tuesday, January 28th. Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a report on Tuesday, April 8th. They set a "buy" rating and a $80.00 target price for the company. Robert W. Baird lifted their price target on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Truist Financial upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded Equity LifeStyle Properties from a "hold" rating to a "buy" rating and lifted their target price for the company from $66.00 to $73.00 in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.10.

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.