Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives $69.27 Consensus Target Price from Analysts

Equity Lifestyle Properties, Inc. (NYSE:ELS) has been assigned an average rating of “Moderate Buy” from the seventeen brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $69.1964.

Several equities research analysts have issued reports on ELS shares. BMO Capital Markets restated an “outperform” rating and set a $75.00 target price (up from $72.00) on shares of Equity Lifestyle Properties in a research report on Wednesday, February 18th. Truist Financial set a $67.00 target price on Equity Lifestyle Properties and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Bank of America raised shares of Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Tuesday, February 3rd. Zacks Research raised shares of Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating on the stock in a report on Monday.

Equity Lifestyle Properties Trading Down 1.5%

NYSE:ELS opened at $60.83 on Thursday. The company has a market cap of $11.80 billion, a P/E ratio of 30.42, a P/E/G ratio of 3.76 and a beta of 0.69. The stock’s fifty day moving average price is $63.24 and its two-hundred day moving average price is $63.58. Equity Lifestyle Properties has a 1 year low of $58.15 and a 1 year high of $69.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.04 and a quick ratio of 0.04.

Equity Lifestyle Properties (NYSE:ELS) last posted its 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 company had revenue of $397.62 million for the quarter, compared to analysts’ expectations of $395.71 million. Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. As a group, analysts expect that Equity Lifestyle Properties will post 3.18 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued 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 3.6%. Equity Lifestyle Properties’s dividend payout ratio is presently 108.50%.

Insider Buying and Selling at Equity Lifestyle Properties

In other news, Director David J. Contis sold 3,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the transaction, the director owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ELS. GoalVest Advisory LLC bought a new position in Equity Lifestyle Properties in the fourth quarter valued at $25,000. Wiser Advisor Group LLC bought a new position in Equity Lifestyle Properties in the third quarter valued at $25,000. Caitong International Asset Management Co. Ltd increased its stake in Equity Lifestyle Properties by 943.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 453 shares during the last quarter. Clearstead Trust LLC increased its stake in Equity Lifestyle Properties by 74.8% in the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 231 shares during the last quarter. Finally, Fulcrum Asset Management LLP bought a new position in Equity Lifestyle Properties in the third quarter valued at $34,000. Institutional investors own 97.21% of the company’s stock.

About Equity Lifestyle Properties

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.