Gain detailed insights into the trading activity of Congress members for Equity Lifestyle Props on our government trades page. Stay updated on how elected officials are investing in ELS.

Equity Lifestyle Props - Government Trades

Equity Lifestyle Props

Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 451 properties across the U.S. with a higher concentration in the Sunbelt region with 38% of the company's properties located in Florida, 12% in Arizona, and 8% in California. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.

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REIT

Real Estate

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These REITs Just Raised Their Dividends By Up to 6.7%

3 Manufactured Homes REITs With Yields Up to 5.2%

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This REIT Sector Could Benefit From Ongoing Higher Interest Rates

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For months, investors have been trying to forecast the direction of real estate investment trusts (REITs), analyzing various economic forces of inflation, interest rate hikes and the looming possibility of a recession within the next year or two.

Initial Q2 REIT Earnings: A Mixed-Bag of Results Across Subsectors

News

Movers

Equity Lifestyle Properties Inc (NYSE: ELS) shares are trading higher Thursday after it was announced the company is set to join the S&amp;P MidCap 400.

What&#39;s Going On With Equity Lifestyle Properties Stock Today?

Equity Lifestyle Properties, Inc. Common Stock

Equity Lifestyle Properties Inc

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Evercore ISI Group analyst Steve Sakwa maintains Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) with a In-Line and raises the price target from $69 to $72.

Price Target

Analyst Ratings

Evercore ISI Group Maintains In-Line on Equity Lifestyle Props, Raises Price Target to $72

Guidance

Equity Lifestyle Properties Sees FY24 Normalized FFO $2.86-$2.96 Vs $2.90 Est.

Equity Lifestyle Properties Sees Q3 Normalized FFO $0.69-$0.75 Vs $0.65 Est.

Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.65 by 1.54 percent. The company reported quarterly sales of $380.019 million which beat the analyst consensus estimate of $375.128 million by 1.30 percent. This is a 2.70 percent increase over sales of $370.014 million the same period last year.

Earnings

Earnings Beats

Equity Lifestyle Props Q2 2024 FFO $0.66 Beats $0.65 Estimate, Sales $380.019M Beat $375.128M Estimate

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Shares of REITs are trading higher following softer-than-expected June CPI data, which could raise expectations of rate cuts.

Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors.
Let's take a look at two REITs with dividend yields up to 4.5% that have been growing their dividends in recent years.
<h2 class="wp-block-heading">Equity LifeStyle Properties</h2>
Equity LifeStyle Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) owns and operates 451 manufactured home communities, RV resorts, and campgrounds containing 172,464 sites in North America as of its <a href="https://equitylifestyle.gcs-web.com/static-files/06534e45-3227-4c49-b1d8-d303bd8761ed">most recent investor presentation</a>.
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Equity LifeStyle currently pays a quarterly dividend of $0.4775 per share, equating to an annualized dividend of $1.91 per share, which gives its stock a yield of about 3% at the time of this writing. 
In addition to sporting a high yield, Equity LifeStyle is a dividend-growth superstar. It has raised its annual dividend payment for an incredible 19 consecutive years, and its 6.7% hike in January has it on track for 2024 to mark the 20th consecutive year with an increase.
<h2 class="wp-block-heading">Public Storage</h2>
Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>) is the largest owner, operator, and developer of self-storage facilities in the United States. Its portfolio currently consists of <a href="https://s1.q4cdn.com/588671402/files/doc_financials/2023/q4/Company-Update-Mar-24-vF.pdf">3,368 properties</a> containing 243 million rentable square feet located across 40 states.
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Public Storage currently pays a quarterly dividend of $3.00 per share, equating to an annualized dividend of $12.00 per share, which gives its stock a yield of about 4.3% at the time of this writing. 
Public Storage also has an extensive track record of dividend growth. It has raised its annual dividend 12 times since 2008, and paid out a $13.15 per share special dividend in 2022.
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<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. This platform <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allows individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
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Equity Lifestyle Props's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) short percent of float has fallen 6.54% since its last report. The company recently reported that it has 3.29 million shares sold short, which is 2.43% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Equity Lifestyle Props Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716472812_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Equity Lifestyle Props has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Equity Lifestyle Props's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Equity Lifestyle Props's peer group average for short interest as a percentage of float is 2.59%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(ELS) - Analyzing Equity Lifestyle Props's Short Interest

Truist Securities analyst Anthony Hau maintains Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) with a Hold and lowers the price target from $72 to $65.

Truist Securities Maintains Hold on Equity Lifestyle Props, Lowers Price Target to $65

Barclays analyst Anthony Powell maintains Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) with a Overweight and lowers the price target from $78 to $72.

Barclays Maintains Overweight on Equity Lifestyle Props, Lowers Price Target to $72

Given the recent talk about higher interest rates being a headwind for real estate investment trusts (REITs), investors might anticipate that first-quarter operating results could be lackluster or subpar.
However, many initial REIT earnings reports are much better than expected, with several REITs beating the analyst estimates on funds from operations (FFO) or adjusted funds from operations (AFFO). Occupancy levels are still high and full-year 2024 FFO guidance looks sound.&nbsp;
Take a look at three REITs that just declared earnings and are showing up the analyst consensus estimates.&nbsp;
Alexandria Real Estate Equities Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) is a Pasadena, California-based REIT with a portfolio of 800 tenants devoted to life science, agtech and advanced technology companies in what its website calls "top innovation clusters." These areas include cities like Boston, New York City, Seattle and San Francisco. Mega campuses make up 75% of its annual rental revenue. Alexandria is a member of the S&amp;P 500.
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Of Alexandria's leases, 94% are triple-net and 96% contain annual rent escalations. The weighted average remaining term (WALT) of its top 20 tenants is 9.7 years and for all tenants, the WALT is 7.5 years&nbsp; The tenant quality is strictly higher-grade with many of its tenants publicly traded on Wall Street. Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) and Eli Lilly and Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) are two of its largest tenants. The total occupancy rate as of the first quarter of 2024 was 94.6%.
Alexandria has reported positive news this month.&nbsp; On April 1, it announced an early renewal with insitro on a six-year lease extension through Aug. 31, 2034, in the San Francisco area. Insitro is a machine learning-powered drug discovery and development company.
On April 2, Alexandria announced it's been named one of Newsweek magazine's most trustworthy companies in America for the second consecutive year. Alexandria is first among the three S&amp;P 500 REITs recognized in the real estate and housing category.
On April 22, Alexandria declared its first-quarter operating results. AFFO of $2.35 per share beat the consensus estimate of $2.33 per share and was better than AFFO of $2.19 per share in the first quarter of 2023. Revenue of $769.1 million bested the Street estimate of $762.903 million and was substantially improved from first-quarter 2023 revenue of $700.795 million.
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Alexandria gave investors a hint that its first-quarter earnings would be strong when it increased the dividend by 5% in early March to $1.27 per share or $5.02 per share annually. The dividend yield is presently 4.39%.
Equity LifeStyle Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) is a Chicago-based residential REIT that owns and operates manufactured home communities, RV resorts, marinas and campgrounds in North America. Equity LifeStyles owns 450 communities across 35 states and British Columbia. It was founded in 1992 and had its initial public offering (IPO) in 1993.
On April 22, Equity LifeStyle reported its first-quarter operating results. FFO of $0.78 per share was above estimates for $0.77 and topped first-quarter 2023 FFO of $0.74 per share. Revenue of $386.6 million missed the consensus estimate of $389.49 million but solidly trounced the $370 million revenue it reported in the first quarter of 2023.
The forward guidance announced simultaneously with the operating results was even more positive. Equity LifeStyle sees full-year FFO between $1.83-$1.93 per share, well above the consensus estimate of $1.74 per share.
With single-family homes so expensive, manufactured homes remain an alternative for people who would love to buy a home but have a limited budget or down payment funds.
Alpine Income Property Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINE#NYSE">PINE</a>) is a Daytona Beach, Florida-based retail REIT that owns and operates 138 high-quality net-leased properties of 3.8 million square feet across 35 states. Sixty-five percent of its tenants are investment-grade companies such as Lowe's Cos. Inc., Dollar Tree Inc., Walgreens, Walmart Inc., Advanced Auto Parts and Dick's Sporting Goods. As of March 30, Alpine Income Property Trust had an occupancy rate of 99%.
On April 18, Alpine Income reported its first-quarter 2024 operating results. FFO of $0.41 per share topped the Street's view of $0.38 per share and its first-quarter 2023 FFO of $0.36 per share. Revenue of $12.47 million was ahead of analysts' estimates of $11.66 million and was 116% above revenue of $11.17 million in the first quarter of 2023. Alpine Income Property Trust maintained its full-year 2024 AFFO guidance from $1.53-$1.58 per share, slightly above the consensus estimate of $1.54 per share.&nbsp;
On April 19, Jones Trading analyst Jason Weaver maintained Alpine Income Property Trust with a Buy but lowered the price target from $19 to $18. On the same day, Stifel analyst Nathan Jones maintained a Buy on Alpine Income Property Trust but lowered the price target from $19 to $18.75.
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<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="10" rowspan="1">Guidance Update (1)(2)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">($ in millions, except per share data)</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">2024</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Second Quarter</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Full Year</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Income per Common Share</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$0.34 to $0.40</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$1.83 to $1.93</td>
</tr>
<tr>
<td colspan="1" rowspan="1">FFO per Common Share and OP Unit</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$0.61 to $0.67</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$2.91 to $3.01</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Normalized FFO per Common Share and OP Unit</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$0.61 to $0.67</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$2.84 to $2.94</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="5" rowspan="1">2023 Actual</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">2024 Growth Rates</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Core Portfolio:</td>
<td colspan="2" rowspan="1">Second Quarter</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">Full Year</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Second Quarter</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Full Year</td>
</tr>
<tr>
<td colspan="1" rowspan="1">MH base rental income</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">166.3</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">668.5</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">5.9% to 6.5%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">5.6% to 6.6%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">RV and marina base rental income (3)</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">98.6</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">413.5</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2.8% to 3.4%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">4.5% to 5.5%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Property operating revenues</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">317.7</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">1,297.7</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">4.8% to 5.4%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">4.8% to 5.8%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Property operating expenses, excluding property management</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">145.4</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">562.3</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">5.3% to 5.9%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">4.2% to 5.2%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Income from property operations, excluding property management</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">172.3</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">735.4</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">4.3% to 4.9%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">5.3% to 6.3%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-Core Portfolio:</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">2024 Full Year</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Income from property operations, excluding property management</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">$15.2 to $19.2</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Other Guidance Assumptions:</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">2024 Full Year</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Property management and general administrative</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">$114.7 to $120.7</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Debt assumptions:</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Weighted average debt outstanding</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">$3,400 to $3,600</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Interest and related amortization</td>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
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<td colspan="3" rowspan="1">$141.2 to $147.2</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

ELS Sees Q2 EPS $0.34-$0.40 Vs $0.38 Est.; Normalized FFO $0.61-$0.67; FY24 EPS $1.83-$1.93 Vs $1.74 Est. Normalized FFO $2.84-$2.94

Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) reported quarterly earnings of $0.78 per share which beat the analyst consensus estimate of $0.77 by 1.3 percent. This is a 5.41 percent increase over earnings of $0.74 per share from the same period last year. The company reported quarterly sales of $386.60 million which missed the analyst consensus estimate of $389.49 million by 0.74 percent. This is a 4.49 percent increase over sales of $370.00 million the same period last year.

Earnings Misses

Equity Lifestyle Props Q1 FFO $0.78 Beats $0.77 Estimate, Sales $386.60M Miss $389.49M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; MainStreet Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSB#NASDAQ">MNSB</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $17.10 million.
&bull; Dynex Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DX#NYSE">DX</a>) is likely to report quarterly loss at $0.09 per share on revenue of $-570 thousand.
&bull; Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $743.48 million.
&bull; Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) is likely to report quarterly earnings at $1.12 per share on revenue of $33.24 billion.
&bull; HBT Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBT#NASDAQ">HBT</a>) is projected to report quarterly earnings at $0.55 per share on revenue of $56.63 million.
&bull; AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $351.67 million.
&bull; Truist Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $5.70 billion.
&bull; Sify Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $149.30 million.
&bull; Washington Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WASH#NASDAQ">WASH</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $31.50 million.
&bull; Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) is estimated to report quarterly earnings at $0.87 per share on revenue of $160.21 million.
&bull; Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is estimated to report earnings for its first quarter.
&bull; Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $18.47 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Globe Life (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>) is expected to report quarterly earnings at $2.79 per share on revenue of $1.42 billion.
&bull; NBT Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTB#NASDAQ">NBTB</a>) is likely to report quarterly earnings at $0.68 per share on revenue of $135.32 million.
&bull; Simpson Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) is expected to report quarterly earnings at $1.92 per share on revenue of $549.85 million.
&bull; Crane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) is projected to report quarterly earnings at $1.12 per share on revenue of $546.38 million.
&bull; Hexcel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $473.78 million.
&bull; RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) is expected to report quarterly earnings at $1.60 per share on revenue of $367.78 million.
&bull; Alexandria Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) is likely to report quarterly earnings at $2.32 per share on revenue of $772.57 million.
&bull; Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) is expected to report quarterly earnings at $8.20 per share on revenue of $4.12 billion.
&bull; Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $5.35 billion.
&bull; SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) is expected to report quarterly earnings at $1.11 per share on revenue of $8.56 billion.
&bull; AGNC Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $473.78 million.
&bull; Servisfirst Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>) is expected to report quarterly earnings at $0.88 per share on revenue of $109.10 million.
&bull; HealthStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) is likely to report quarterly earnings at $0.11 per share on revenue of $72.02 million.
&bull; Lufax Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $1.02 billion.
&bull; Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $387.14 million.
&bull; SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $39.14 million.
&bull; Trustco Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRST#NASDAQ">TRST</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $43.13 million.
&bull; Independent Bank Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBTX#NASDAQ">IBTX</a>) is expected to report quarterly earnings at $0.59 per share on revenue of $121.39 million.
&bull; Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) is likely to report quarterly earnings at $2.46 per share on revenue of $512.58 million.
&bull; Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) is likely to report quarterly earnings at $0.98 per share on revenue of $187.46 million.
&bull; Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is likely to report quarterly earnings at $1.13 per share on revenue of $1.00 billion.
&bull; Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) is estimated to report quarterly earnings at $1.06 per share on revenue of $1.22 billion.
&bull; Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is likely to report quarterly earnings at $1.56 per share on revenue of $423.19 million.
&bull; Cadence Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CADE#NYSE">CADE</a>) is expected to report quarterly earnings at $0.55 per share on revenue of $427.01 million.
&bull; SPDR ICE Preferred Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSK#NYSE">PSK</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $129.00 million.
&bull; Enterprise Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFSC#NASDAQ">EFSC</a>) is expected to report quarterly earnings at $1.11 per share on revenue of $157.33 million.
&bull; RBB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBB#NASDAQ">RBB</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $27.65 million.
&bull; Calix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) is likely to report quarterly earnings at $0.20 per share on revenue of $228.14 million.
&bull; First Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRBA#NASDAQ">FRBA</a>) is estimated to report quarterly earnings at $0.42 per share on revenue of $31.41 million.
&bull; Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) is likely to report quarterly earnings at $1.62 per share on revenue of $1.90 billion.
&bull; Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) is likely to report quarterly earnings at $3.85 per share on revenue of $8.51 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 22, 2024

Manufactured homes real estate investment trusts (REITs) specialize in owning and operating <a href="https://www.benzinga.com/go/real-estate-screener">income-generating properties</a> related to manufactured homes. Manufactured homes are prefabricated houses that are built off-site and then transported to their final location. These REITs may own communities or parks where manufactured homes are situated, and they generate income through leasing or renting the land to individuals who own the manufactured homes.
Investors in manufactured homes REITs can benefit from the income generated by the leasing of land for these homes. If this interests you, here are three manufactured home REITs you could buy today.
<h2 class="wp-block-heading">Sun Communities</h2>
Sun Communities Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUI#NYSE">SUI</a>) owns, operates, or has an interest in 667 developed manufactured home, RV, and marina properties. These properties contain 179,310 developed sites and 48,030 wet slips and dry storage spaces in the U.S., the U.K., and Canada.
Sun Communities currently pays a quarterly distribution of $0.94 per share, equating to an annualized distribution of $3.76 per share, which gives it a yield of about 3.2% at the time of this writing. The company has also raised its annual distribution each of the last seven years and its 1.1% hike in February has it on track for 2024 to mark the 8th consecutive year with an increase.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This <a href="https://www.benzinga.com/go/bezos-landlord">Jeff Bezos-backed startup will allow you to become a landlord</a> in just 10 minutes, and you only need $100.</li>
<li>Want To Grow Your Wealth Passively? Unlock Real Wealth with <a href="https://www.benzinga.com/money/cityfunds-yield">Cityfunds&#8217; Exclusive 8% Yield Fund</a>.</li>
</ul>
<h2 class="wp-block-heading">Equity LifeStyle Properties</h2>
Equity LifeStyle Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) owns and operates 451 manufactured home communities, RV resorts, and campgrounds containing 172,465 sites in North America as of its most recent investor presentation.
Equity LifeStyle currently pays a quarterly dividend of $0.4775 per share, equating to an annualized dividend of $1.91 per share, which gives its stock a yield of about 3.1% at the time of this writing. The company has raised its annual dividend for an eye-popping 19 consecutive years and its 6.7% hike in January has it on track for 2024 to mark the 20th consecutive year with an increase.
<h2 class="wp-block-heading">Trending</h2>
<ul>
<li>Want to Create a Passive Income Stream? <a href="https://www.benzinga.com/go/grow-wealth-passively">These High-Yield Real Estate Notes Might Be Your Holy Grail</a></li>
</ul>
<h2 class="wp-block-heading">UMH Properties</h2>
UMH Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites across 11 U.S. states. It also has an ownership interest in an additional two communities in Florida containing 363 sites through a joint venture with Nuveen Real Estate.
UMH currently pays a quarterly dividend of $0.215 per share, equating to an annualized dividend $0.86 per share, which gives its stock a yield of about 5.6% at the time of this writing. It has also raised its annual dividend each of the last three years and its 4.9% increase earlier this month has it on track for 2024 to mark the fourth consecutive year with an increase.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Elon Musk Is Bullish On Austin. Here&#8217;s <a href="https://www.benzinga.com/go/musk-austin">How To Invest In The City&#8217;s Growth Before He Floods It With New Tech Workers</a>.</li>
<li>Whole Foods&#8217; Landlord Has Achieved A 15% Net IRR For Accredited Investors Since 2015 — <a href="https://www.benzinga.com/go/whole-foods-landlord">Discover The Latest Investment Opportunities On Its Platform</a>.</li>
</ul>
Image Credit: Shutterstock

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Shares of REITs are trading lower as Treasury yields rise following March inflation data. A rise in yields has pressured income-paying stocks.

Equity Lifestyle Props's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) short percent of float has risen 5.43% since its last report. The company recently reported that it has 4.15 million shares sold short, which is 2.72% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.56 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Equity Lifestyle Props Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711133115_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Equity Lifestyle Props has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Equity Lifestyle Props's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Equity Lifestyle Props's peer group average for short interest as a percentage of float is 2.92%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Equity Lifestyle Props's Recent Short Interest

Equity Lifestyle Props's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) short percent of float has fallen 14.29% since its last report. The company recently reported that it has 3.93 million shares sold short, which is 2.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.84 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Equity Lifestyle Props Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709043315_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Equity Lifestyle Props has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Equity Lifestyle Props's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Equity Lifestyle Props's peer group average for short interest as a percentage of float is 2.08%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Equity Lifestyle Props?

<a href="https://www.supremecourt.gov/orders/courtorders/022024zor_7647.pdf" title="https://www.supremecourt.gov/orders/courtorders/022024zor_7647.pdf">https://www.supremecourt.gov/orders/courtorders/022024zor_7647.pdf</a>

Government

Legal

INVH

U.S. Supreme Court Declines To Hear Challenge By Landlords To Rent Stabilization Laws

In a recent SEC filing, it was revealed that Paul Seavey, EVP &amp; Chief Financial Officer at Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>), made a noteworthy insider purchase on February 8,.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000895417/000154728524000004//Archives/edgar/data/895417/000154728524000004/0001547285-24-000004-index.htm">U.S. Securities and Exchange Commission</a> on Thursday unveiled that Seavey made a notable purchase of 21,433 shares of Equity Lifestyle Props, valuing at $1,437,082.
The latest market snapshot at Friday morning reveals Equity Lifestyle Props shares up by 0.6%, trading at $66.83.
<h3>Discovering Equity Lifestyle Props: A Closer Look</h3>
Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 450 properties across the U.S. with a higher concentration in the Sunbelt region with 34% of the company's properties located in Florida, 11% in California, and 10% in Arizona. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.
<h3>Financial Milestones: Equity Lifestyle Props's Journey</h3>
Revenue Growth: Equity Lifestyle Props's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -7.23%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Navigating Financial Profits:
<ul>
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Gross Margin: The company shows a low gross margin of 52.46%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
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Earnings per Share (EPS): Equity Lifestyle Props's EPS is below the industry average. The company faced challenges with a current EPS of 0.49. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 2.46, Equity Lifestyle Props faces challenges in effectively managing its debt levels, indicating potential financial strain.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 39.31, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
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Price to Sales (P/S) Ratio: The current P/S ratio of 8.82 is above industry norms, reflecting an elevated valuation for Equity Lifestyle Props's stock and potential overvaluation based on sales performance.
</li>
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EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Equity Lifestyle Props's EV/EBITDA ratio stands at 24.22, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000895417">Check Out The Full List Of Equity Lifestyle Props's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Paul Seavey Boosts Confidence With $1.44M Purchase Of Equity Lifestyle Props Stock

It was revealed in a recent SEC filing that Marguerite Nader, President and CEO at Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) made a noteworthy insider purchase on February 8,.
What Happened: Nader's recent purchase of 27,125 shares of Equity Lifestyle Props, disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000895417/000135668124000004//Archives/edgar/data/895417/000135668124000004/0001356681-24-000004-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, reflects confidence in the company's potential. The total transaction value is $1,818,731.
As of Friday morning, Equity Lifestyle Props shares are up by 0.6%, currently priced at $66.83.
<h3>About Equity Lifestyle Props</h3>
Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 450 properties across the U.S. with a higher concentration in the Sunbelt region with 34% of the company's properties located in Florida, 11% in California, and 10% in Arizona. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.
<h3>A Deep Dive into Equity Lifestyle Props's Financials</h3>
Revenue Growth: Equity Lifestyle Props's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -7.23%. This indicates a decrease in the company's top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 52.46%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Equity Lifestyle Props's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.49.
</li>
</ul>
Debt Management: Equity Lifestyle Props's debt-to-equity ratio stands notably higher than the industry average, reaching 2.46. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Equity Lifestyle Props's P/E ratio of 39.31 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 8.82 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 24.22, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>Delving Into the Significance of Insider Transactions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000895417">Check Out The Full List Of Equity Lifestyle Props's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Equity LifeStyle Properties, Inc. (ELS) Q2 2024 Earnings Call Transcript

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Press Releases

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Equity LifeStyle Properties, Inc. Investors to Inquire About Securities Class Action Investigation - ELS

ELS LOSS ALERT: ROSEN, A LEADING NATIONAL FIRM, Encourages Equity LifeStyle Properties, Inc. Investors to Inquire About Securities Class Action Investigation - ELS

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Equity LifeStyle Properties, Inc. Investors to Inquire About Securities Class Action Investigation - ELS

ROSEN, A TOP RANKED LAW FIRM, Encourages Equity LifeStyle Properties, Inc. Investors to Inquire About Securities Class Action Investigation – ELS

ELS INVESTOR NOTICE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Equity LifeStyle Properties, Inc. Investors to Inquire About Securities Class Action Investigation - ELS

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Equity LifeStyle Properties, Inc. Investors to Inquire About Securities Class Action Investigation – ELS

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Equity LifeStyle Properties, Inc. Investors to Inquire About Securities Class Action Investigation - ELS

Equity Lifestyle Properties, Inc. Announcement: If You Have Suffered Losses in Equity Lifestyle Properties, Inc. (NYSE: ELS), You Are Encouraged to Contact The Rosen Law Firm About Your Rights


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