Equity Lifestyle Properties Inc. (NYSE:ELS) updated its FY17 earnings guidance on Monday. The company provided earnings per share guidance of $3.45-3.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.53. Equity Lifestyle Properties also updated its Q4 guidance to $0.75-0.81 EPS.

A number of research analysts have recently weighed in on ELS shares. BMO Capital Markets restated a hold rating and set a $77.00 price objective on shares of Equity Lifestyle Properties in a research report on Thursday, July 28th. Citigroup Inc. raised their price objective on Equity Lifestyle Properties from $70.00 to $80.00 and gave the company a neutral rating in a research report on Thursday, July 7th. TheStreet lowered Equity Lifestyle Properties from a buy rating to a hold rating in a research report on Friday, October 7th. Finally, Evercore ISI started coverage on Equity Lifestyle Properties in a research report on Friday. They set a hold rating and a $74.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Equity Lifestyle Properties has an average rating of Hold and a consensus price target of C$71.64.

Equity Lifestyle Properties Inc. (NYSE:ELS) traded up 0.27% on Monday, reaching $74.53. The company had a trading volume of 484,094 shares. Equity Lifestyle Properties Inc. has a 1-year low of $57.71 and a 1-year high of $83.19. The firm has a market capitalization of $6.36 billion, a P/E ratio of 40.22 and a beta of 0.40. The company’s 50-day moving average price is $76.67 and its 200 day moving average price is $75.69.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, October 17th. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. Equity Lifestyle Properties had a net margin of 21.01% and a return on equity of 20.11%. The company earned $226.20 million during the quarter, compared to analysts’ expectations of $116.42 million. During the same quarter in the prior year, the company earned $0.77 EPS. Equity Lifestyle Properties’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Equity Lifestyle Properties Inc. will post $3.30 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.70 annualized dividend and a yield of 2.28%. Equity Lifestyle Properties’s dividend payout ratio is presently 91.40%.

A number of hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its stake 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 in the last quarter. National Asset Management Inc. boosted its stake in shares of Equity Lifestyle Properties by 2.4% in the second quarter. National Asset Management Inc. now owns 3,352 shares of the company’s stock valued at $269,000 after buying an additional 80 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Equity Lifestyle Properties by 13.7% in the second quarter. Profund Advisors LLC now owns 4,778 shares of the company’s stock valued at $382,000 after buying an additional 575 shares in the last quarter. BlackRock Japan Co. Ltd boosted its stake in shares of Equity Lifestyle Properties by 8.4% in the second quarter. BlackRock Japan Co. Ltd now owns 8,573 shares of the company’s stock valued at $686,000 after buying an additional 666 shares in the last quarter. Finally, Paloma Partners Management Co boosted its stake in shares of Equity Lifestyle Properties by 7.3% in the second quarter. Paloma Partners Management Co now owns 11,750 shares of the company’s stock valued at $940,000 after buying an additional 799 shares in the last quarter. 94.83% of the stock is owned by institutional investors.

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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