Equity Lifestyle Properties, Inc. (NYSE:ELS) Stock Has Average Target Price of $67.88

Equity Lifestyle Properties, Inc. (NYSE:ELS) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $67.88.

ELS has been the topic of a number of research analyst reports. Odeon Capital Group set a $65.00 target price on Equity Lifestyle Properties in a research report on Thursday, July 9th. Evercore set a $68.00 price objective on shares of Equity Lifestyle Properties in a report on Monday, September 21st. UBS Group set a $65.00 target price on shares of Equity Lifestyle Properties in a research report on Monday, September 21st. Weiss Ratings lowered shares of Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Finally, Morgan Stanley reissued a “mixed” rating and issued a $59.00 price target (down from $62.50) on shares of Equity Lifestyle Properties in a research note on Wednesday, August 12th.

Hedge Funds Weigh In On Equity Lifestyle Properties

Several hedge funds have recently made changes to their positions in ELS. Bessemer Group Inc. lifted its holdings in shares of Equity Lifestyle Properties by 30.3% during the first quarter. Bessemer Group Inc. now owns 735 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 171 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Equity Lifestyle Properties by 3.5% in the first quarter. Fifth Third Bancorp now owns 5,561 shares of the real estate investment trust’s stock worth $347,000 after acquiring an additional 189 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Equity Lifestyle Properties by 126.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 415 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 232 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Equity Lifestyle Properties by 9.5% in the 1st quarter. Parallel Advisors LLC now owns 3,209 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 278 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its holdings in shares of Equity Lifestyle Properties by 4.4% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 6,658 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 280 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Trading Up 1.1%

ELS stock opened at $58.25 on Wednesday. Equity Lifestyle Properties has a 12-month low of $57.46 and a 12-month high of $69.00. The business’s 50-day moving average is $62.90 and its 200 day moving average is $63.43. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.31. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 3.42 and a beta of 0.63.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.22). The firm had revenue of $397.81 million for the quarter, compared to analysts’ expectations of $383.66 million. Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, sell-side analysts anticipate that Equity Lifestyle Properties will post 3.2 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be issued a $0.5425 dividend. The ex-dividend date is Friday, September 25th. This represents a $2.17 annualized dividend and a dividend yield of 3.7%. Equity Lifestyle Properties’s dividend payout ratio is presently 104.33%.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns and operates manufactured home communities, recreational vehicle resorts and marinas. Its properties provide residential sites for manufactured homes and park model homes, as well as vacation-oriented accommodations and facilities for RV owners and boaters.

The company serves a range of residents and travelers through long-term manufactured housing communities, seasonal and transient RV resorts, and marina properties.