Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives Consensus Rating of “Hold” from Brokerages

Equity Lifestyle Properties, Inc. (NYSE:ELS) has been given an average rating of “Hold” by the seventeen ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $68.6964.

A number of research firms have recently commented on ELS. Odeon Capital Group set a $65.00 target price on Equity Lifestyle Properties in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft raised shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Wednesday, April 15th. Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a report on Friday, June 26th. 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. Finally, Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th.

Institutional Investors Weigh In On Equity Lifestyle Properties

Institutional investors have recently made changes to their positions in the stock. GoalVest Advisory LLC purchased a new stake in Equity Lifestyle Properties during the 4th quarter worth about $25,000. Wiser Advisor Group LLC purchased a new position in Equity Lifestyle Properties during the third quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd increased its holdings in Equity Lifestyle Properties by 943.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 453 shares during the period. Clearstead Trust LLC increased its holdings in Equity Lifestyle Properties by 74.8% during the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 231 shares during the period. Finally, Fulcrum Asset Management LLP purchased a new stake in Equity Lifestyle Properties in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

Equity Lifestyle Properties stock opened at $64.88 on Friday. Equity Lifestyle Properties has a 52 week low of $58.15 and a 52 week high of $69.00. The company’s 50 day moving average price is $63.46 and its two-hundred day moving average price is $64.09. The stock has a market cap of $12.58 billion, a P/E ratio of 32.44, a P/E/G ratio of 3.97 and a beta of 0.66. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last released 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 business had revenue of $397.62 million during the quarter, compared to the consensus estimate of $395.71 million. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. On average, equities analysts predict that Equity Lifestyle Properties will post 3.18 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $0.5425 dividend. The ex-dividend date was Friday, June 26th. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 108.50%.

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.