Streetbeat News

ELS

Equity LifeStyle Properties, Inc.

https://www.equitylifestyleproperties.com

Industry

REIT - Residential

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

Open

67.75

Mkt cap

13B

Volume

687K

High

69.22

P/E Ratio

35.05

52-wk high

76.60

Low

67.75

Div yield

0.03

52-wk low

59.82

Manufactured Housing REITs are gaining attention due to high demand for affordable housing. Among the four MHC REITs, Flagship Communities is highlighted as a growth and value leader, offering cheap shares despite a recent equity issuance.

Portfolio Pulse from

November 28, 2024 | 7:45 am

Equity LifeStyle Properties, Inc. has entered into Equity Distribution Agreements with multiple sales agents to sell up to $700 million in common stock. The proceeds will be used for general corporate purposes, including debt repayment and property acquisitions.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:00 pm

Equity Lifestyle Properties Inc has filed a prospectus for the offering of $700 million of common stock by selling stockholders, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:40 pm

Compass Point analyst Merrill Ross maintains a Neutral rating on Equity Lifestyle Properties (NYSE:ELS) and raises the price target from $70 to $72.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 5:59 pm

Evercore ISI Group has maintained an 'In-Line' rating for Equity Lifestyle Properties (NYSE:ELS) while slightly lowering the price target from $77 to $76.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 3:10 pm

Baird analyst Wesley Golladay has maintained an 'Outperform' rating on Equity Lifestyle Properties (NYSE:ELS) and raised the price target from $71 to $72.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 11:25 am

Equity Lifestyle Properties has provided its financial outlook for FY24 and Q4. The company expects FY24 normalized funds from operations (FFO) to be between $2.89 and $2.95, aligning with the current estimate of $2.89. For Q4, the expected normalized FFO is between $0.73 and $0.79.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:33 pm

Equity Lifestyle Properties has provided guidance for its fiscal year 2024 adjusted EPS to be between $1.89 and $1.95, which is below the estimated $1.96. Additionally, the company expects its Q4 adjusted EPS to range from $0.44 to $0.50.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:31 pm

Equity Lifestyle Properties (NYSE:ELS) reported Q3 2024 adjusted earnings per share of $0.44, which met analyst expectations.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:23 pm

Analysts have provided mixed reviews on Equity Lifestyle Properties (NYSE:ELS) with a range of price targets. The average target is $74, with a high of $82 and a low of $68, marking an increase from the previous average. ELS shows strong financial performance but faces challenges with high debt levels.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 6:00 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.