Equity Lifestyle Properties, Inc. (ELS) to Issue Quarterly Dividend of $0.54 on January 8th

Equity Lifestyle Properties, Inc. (NYSE:ELS) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Thursday, December 24th will be paid a dividend of $0.5425 per share by the real estate investment trust on Friday, January 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, December 24th.

Equity Lifestyle Properties has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 21 years. Equity Lifestyle Properties has a payout ratio of 102.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Equity Lifestyle Properties to earn $3.36 per share next year, which means the company should continue to be able to cover its $2.17 annual dividend with an expected future payout ratio of 64.6%.

Equity Lifestyle Properties Stock Performance

NYSE:ELS traded up $0.35 during trading hours on Thursday, reaching $58.32. The stock had a trading volume of 423,010 shares, compared to its average volume of 1,706,318. The stock has a 50 day simple moving average of $60.99 and a 200 day simple moving average of $63.54. The stock has a market cap of $11.32 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 3.49 and a beta of 0.63. Equity Lifestyle Properties has a 12-month low of $57.46 and a 12-month high of $69.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.02 and a current ratio of 0.02.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.45 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.34). The business had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $402.75 million. Equity Lifestyle Properties had a return on equity of 21.73% and a net margin of 24.97%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. Equity Lifestyle Properties has set its Q4 2026 guidance at 0.780-0.840 EPS and its FY 2026 guidance at 3.150-3.210 EPS. On average, research analysts forecast that Equity Lifestyle Properties will post 3.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on ELS. Robert W. Baird decreased their price target on Equity Lifestyle Properties from $74.00 to $71.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. Truist Financial set a $64.00 price objective on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Friday, September 11th. Wells Fargo & Company set a $64.00 price objective on Equity Lifestyle Properties and gave the stock an “equal weight” rating in a research note on Monday, October 19th. Weiss Ratings downgraded Equity Lifestyle Properties from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday. Finally, UBS Group decreased their target price on Equity Lifestyle Properties from $76.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $67.09.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.