Brokerages Set Equity Lifestyle Properties, Inc. (NYSE:ELS) Price Target at $69.63

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $69.4821.

Several research analysts have recently weighed in on the stock. Barclays restated an “overweight” rating and set a $71.00 price objective (up from $68.00) on shares of Equity Lifestyle Properties in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Wednesday, April 15th. Mizuho assumed coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, March 31st. They set an “outperform” rating and a $72.00 price objective on the stock. Truist Financial set a $67.00 price objective on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th.

Equity Lifestyle Properties Stock Performance

NYSE ELS opened at $63.24 on Friday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $64.90 and its two-hundred day moving average price is $63.45. Equity Lifestyle Properties has a 1 year low of $58.15 and a 1 year high of $69.00. The firm has a market capitalization of $12.26 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 3.85 and a beta of 0.69.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). The firm 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 last year, the business earned $0.57 EPS. As a group, research analysts anticipate that Equity Lifestyle Properties will post 3.18 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.5425 per share. The ex-dividend date is Friday, June 26th. This represents a $2.17 annualized dividend and a dividend yield of 3.4%. Equity Lifestyle Properties’s payout ratio is currently 108.50%.

Insider Buying and Selling at Equity Lifestyle Properties

In other news, Director David J. Contis sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total transaction of $201,660.00. Following the transaction, the director directly owned 14,890 shares in the company, valued at $1,000,905.80. The trade was a 16.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ELS. Empowered Funds LLC boosted its holdings in shares of Equity Lifestyle Properties by 3.5% during the 4th quarter. Empowered Funds LLC now owns 5,055 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 169 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Equity Lifestyle Properties by 30.3% during the 1st 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 period. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Equity Lifestyle Properties by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 43,367 shares of the real estate investment trust’s stock worth $2,628,000 after buying an additional 172 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Equity Lifestyle Properties by 3.7% during the 3rd quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 178 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Equity Lifestyle Properties by 3.5% during the 1st quarter. Fifth Third Bancorp now owns 5,561 shares of the real estate investment trust’s stock worth $347,000 after buying an additional 189 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

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.