Share on StockTwits

Shares of Equity Lifestyle Properties (NYSE:ELS) hit a new 52-week high on Monday , American Banking & Market News reports. The stock traded as high as $45.32 and last traded at $45.25, with a volume of 62,442 shares changing hands. The stock had previously closed at $44.71.

Separately, analysts at BMO Capital Markets raised their price target on shares of Equity Lifestyle Properties from $41.00 to $46.00 in a research note on Wednesday, July 23rd. They now have a “market perform” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.13.

The stock’s 50-day moving average is $44.42 and its 200-day moving average is $42.29. The company has a market cap of $3.804 billion and a price-to-earnings ratio of 31.60.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $188.90 million for the quarter, compared to the consensus estimate of $179.61 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that Equity Lifestyle Properties will post $2.73 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, September 24th.

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust (REIT).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.