Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives Average Recommendation of “Moderate Buy” from Analysts

Equity Lifestyle Properties, Inc. (NYSE:ELS) has earned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $69.1964.

A number of brokerages recently issued reports on ELS. Mizuho began coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, March 31st. They set an “outperform” rating and a $72.00 target price on the stock. Truist Financial set a $67.00 price target on Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Zelman & Associates started coverage on Equity Lifestyle Properties in a report on Monday, March 16th. They set an “underperform” rating and a $59.25 price objective on the stock. Barclays lowered their price objective on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Wednesday, April 15th.

Equity Lifestyle Properties Trading Up 2.3%

Shares of ELS stock opened at $64.35 on Monday. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 3.83 and a beta of 0.67. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $63.02 and a 200 day moving average price of $63.66. Equity Lifestyle Properties has a twelve month low of $58.15 and a twelve month high of $69.00.

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

Equity Lifestyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $0.5425 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.17 annualized dividend and a dividend yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 108.50%.

Hedge Funds Weigh In On Equity Lifestyle Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC raised its stake in Equity Lifestyle Properties by 14.1% during the first quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 804 shares during the period. Jane Street Group LLC increased its holdings in shares of Equity Lifestyle Properties by 598.5% during the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock worth $7,964,000 after buying an additional 102,303 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Equity Lifestyle Properties by 62.3% in the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock worth $1,542,000 after buying an additional 8,873 shares during the period. Cetera Investment Advisers raised its position in shares of Equity Lifestyle Properties by 111.0% in the 2nd quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 5,325 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in Equity Lifestyle Properties in the second quarter valued at $300,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Company Profile

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.