Equity LifeStyle Properties Stock on a Roll?

equity lifesylte prop  lake haven clearwater flaManufactured home community owner Equity LifeStyle Properties, Inc. (NYSE:ELS) share price marked a new 52-week high in Monday’s session, Dec. 28, reaching $66.33, according to putnamstandard, but closed even higher Tue., Dec. 29, at $66.81, as reported in MHProNews stock report.

On the Dec. 28 report, four investment analysts gave the stock a hold rating and three a buy, with a consensus price target of $62.20, $4.61 less than it closed the next day.

In the company’s last quarterly report issued Oct. 19, 2015, earnings per share (EPS) for the quarter hit $0.77, one penny above analysts’ consensus but comfortably above the $0.69 for the same quarter last year. Revenue reached $210.10 million, above the $197.79 million anticipated by the consensus, and 4.6 percent above revenue for Q3 2014.

Also, ELS announced a quarterly dividend of $0.375 per share will be paid stockholders of record Dec. 23, 2015, payable Jan. 8, 2016, representing a $1.50 annualized dividend and a dividend yield of 2.27 percent.

As MHProNews knows, ELS owns and operates some 340 manufactured home and recreational vehicle communities across North America comprised of over 140,000 home sites. ##

(Photo credit: Equity LifeStyle Properties, Inc.–Lake Haven, Clearwater, Fla.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.


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