Equity LifeStyle Properties (NYSE:ELS) PT Lowered to $72.00

Equity LifeStyle Properties (NYSE:ELS) had its price objective decreased by Barclays from $78.00 to $72.00 in a research note issued to investors on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

A number of other research firms have also issued reports on ELS. Wolfe Research upgraded Equity LifeStyle Properties from a peer perform rating to an outperform rating and set a $75.00 price target for the company in a research report on Friday, February 9th. Royal Bank of Canada reiterated a sector perform rating and set a $70.00 price target on shares of Equity LifeStyle Properties in a report on Wednesday, January 31st. Truist Financial reduced their target price on shares of Equity LifeStyle Properties from $73.00 to $72.00 and set a hold rating on the stock in a research note on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a hold rating and a $64.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $69.55.

Equity LifeStyle Properties Trading Up 0.3 %

Shares of ELS opened at $60.70 on Friday. The firm’s fifty day moving average is $64.30 and its two-hundred day moving average is $67.06. The stock has a market cap of $11.32 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 3.99 and a beta of 0.69. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.33. Equity LifeStyle Properties has a 52-week low of $60.47 and a 52-week high of $74.04.

Equity LifeStyle Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.477 per share. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. This represents a $1.91 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Wednesday, March 27th. Equity LifeStyle Properties’s dividend payout ratio is currently 104.37%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ELS. Mather Group LLC. purchased a new stake in Equity LifeStyle Properties in the first quarter valued at $25,000. Rise Advisors LLC purchased a new position in Equity LifeStyle Properties during the 1st quarter worth approximately $27,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Equity LifeStyle Properties during the fourth quarter worth approximately $35,000. Headlands Technologies LLC lifted its stake in Equity LifeStyle Properties by 143.8% in the fourth quarter. Headlands Technologies LLC now owns 624 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 368 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in shares of Equity LifeStyle Properties by 40.5% in the fourth quarter. Lindbrook Capital LLC now owns 631 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 182 shares during the period. Institutional investors and hedge funds own 97.21% 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 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.