Equity Lifestyle Properties, Inc. (ELS) to Issue Quarterly Dividend of $0.54 on July 10th

Equity Lifestyle Properties, Inc. (NYSE:ELS) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, June 26th will be given a dividend of 0.5425 per share by the real estate investment trust on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, June 26th.

Equity Lifestyle Properties has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 21 consecutive years. Equity Lifestyle Properties has a dividend payout ratio of 102.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Down 0.6%

NYSE:ELS opened at $62.21 on Thursday. The firm has a market cap of $12.06 billion, a P/E ratio of 31.11, a P/E/G ratio of 3.82 and a beta of 0.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.04 and a current ratio of 0.04. Equity Lifestyle Properties has a fifty-two week low of $58.15 and a fifty-two week high of $69.00. The firm has a 50-day simple moving average of $65.27 and a two-hundred day simple moving average of $63.42.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). The firm had revenue of $397.62 million for the quarter, compared to the consensus estimate of $395.71 million. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 earnings per share. Analysts predict that Equity Lifestyle Properties will post 3.18 earnings per share for the current fiscal year.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.