If You Invested $10,000 In Equity Lifestyle Properties Stock 10 Years Ago, How Much Would You Have Now?

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Equity Lifestyle Properties, Inc. ELS is a self-administered, self-managed real estate investment trust (REIT) that owns or has an interest in 451 properties in 35 states and British Columbia, consisting of 172,465 sites.

It is set to report its Q4 2024 earnings on Jan. 27, 2025. Wall Street analysts expect the company to post revenues of $359.72 million, slightly down from $360.64 million in the previous year.

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If You Bought Equity Lifestyle Properties Stock 10 Years Ago

The company's stock traded at approximately $24.98 per share 10 years ago. If you had invested $10,000, you could have bought roughly 400 shares. Currently, shares trade at $70.23, meaning your investment's value could have grown to $28,114 from stock price appreciation alone. However, Equity Lifestyle Properties also paid dividends during these 10 years. 

Equity Lifestyle Properties' dividend yield is currently 2.72%. Over the last 10 years, it has paid about $17.97 in dividends per share, which means you could have made approximately $7,194 from dividends alone. 

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Summing up $28,114 and $7,194, we end up with the final value of your investment, which is $35,308. This is how much you could have made if you had invested $10,000 in Equity Lifestyle Properties stock 10 years ago. This means a total return of 253.08%. In comparison, the S&P 500's total return over the same period is 234.87%.

What Could The Next 10 Years Bring? 

Equity Lifestyle Properties has a consensus rating of "Neutral" and a price target of $72.55 based on the ratings of 11 analysts. The price target implies a potential upside of around 3% from the current stock price.

On Oct. 21, the company announced its Q3 2024 earnings, posting an adjusted EPS of $0.44, in line with consensus estimates, as reported by Benzinga.

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The company updated its guidance, expecting Q4 normalized FFO per share in the $0.73-$0.79 range. For the full year, it sees normalized FFO per share at $2.89-$2.95.

Given the limited 3% expected upside, growth-focused investors may not find Equity Lifestyle Properties stock particularly attractive. Conversely, the stock could appeal to income-focused investors, who can benefit from the company's solid dividend yield of 2.72% and consistent hikes. Equity Lifestyle Properties has raised its dividend consecutively for the last 12 years.

Check out this article by Benzinga for three more stocks offering high dividend yields. 

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