Several other research firms also recently commented on ELS. BMO Capital Markets raised shares of Equity Lifestyle Properties from a market perform rating to an outperform rating in a research report on Wednesday, November 27th. ValuEngine downgraded Equity Lifestyle Properties from a buy rating to a hold rating in a research note on Friday, November 1st. Finally, Zacks Investment Research downgraded Equity Lifestyle Properties from a buy rating to a hold rating in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $67.63.
ELS opened at $72.08 on Friday. The stock has a fifty day moving average price of $69.97 and a 200 day moving average price of $113.34. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.24. Equity Lifestyle Properties has a 1 year low of $46.46 and a 1 year high of $74.55. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 4.72 and a beta of 0.19.
Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.19). Equity Lifestyle Properties had a return on equity of 22.11% and a net margin of 27.47%. The firm had revenue of $271.20 million during the quarter, compared to analyst estimates of $256.13 million. During the same quarter in the prior year, the company posted $0.99 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that Equity Lifestyle Properties will post 2.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be given a $0.306 dividend. This represents a $1.22 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, December 26th. Equity Lifestyle Properties’s dividend payout ratio is currently 63.73%.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in Equity Lifestyle Properties by 8.0% during the second quarter. BlackRock Inc. now owns 8,723,286 shares of the real estate investment trust’s stock worth $1,058,483,000 after buying an additional 642,897 shares in the last quarter. State Street Corp raised its holdings in Equity Lifestyle Properties by 2.9% in the 3rd quarter. State Street Corp now owns 4,446,451 shares of the real estate investment trust’s stock valued at $596,735,000 after acquiring an additional 124,100 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Equity Lifestyle Properties by 533.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,143,599 shares of the real estate investment trust’s stock worth $260,104,000 after acquiring an additional 1,804,951 shares during the period. Invesco Ltd. lifted its position in shares of Equity Lifestyle Properties by 14.4% in the 2nd quarter. Invesco Ltd. now owns 2,048,151 shares of the real estate investment trust’s stock worth $248,523,000 after acquiring an additional 258,030 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Equity Lifestyle Properties by 1.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,245,587 shares of the real estate investment trust’s stock worth $151,140,000 after purchasing an additional 17,649 shares in the last quarter. Institutional investors own 46.37% of the company’s stock.
Equity Lifestyle Properties Company Profile
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.
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