Equity Lifestyle Properties Inc. (NYSE:ELS) Given Consensus Rating of “Hold” by Analysts
Equity Lifestyle Properties Inc. (NYSE:ELS) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the stock. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$75.63.
A number of equities analysts recently commented on the company. BMO Capital Markets restated a “hold” rating and set a $77.00 target price on shares of Equity Lifestyle Properties in a report on Thursday, July 28th. Citigroup Inc. upped their target price on Equity Lifestyle Properties from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, July 7th.
Equity Lifestyle Properties (NYSE:ELS) traded up 0.36% during trading on Friday, reaching $71.61. 179,147 shares of the company’s stock were exchanged. The stock has a market cap of $6.11 billion, a PE ratio of 38.65 and a beta of 0.40. The firm has a 50 day moving average of $77.59 and a 200-day moving average of $75.63. Equity Lifestyle Properties has a 12 month low of $57.71 and a 12 month high of $83.19.
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Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, July 18th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The company earned $210.10 million during the quarter, compared to the consensus estimate of $114.76 million. Equity Lifestyle Properties had a return on equity of 20.11% and a net margin of 21.01%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share. On average, equities research analysts anticipate that Equity Lifestyle Properties will post $3.30 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, September 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 91.40%.
A number of institutional investors have recently bought and sold shares of ELS. Schroder Investment Management Group boosted its position in Equity Lifestyle Properties by 2.0% in the second quarter. Schroder Investment Management Group now owns 1,142,331 shares of the company’s stock worth $91,443,000 after buying an additional 22,269 shares during the last quarter. BlackRock Inc. raised its stake in shares of Equity Lifestyle Properties by 8.9% in the first quarter. BlackRock Inc. now owns 93,096 shares of the company’s stock worth $6,771,000 after buying an additional 7,618 shares during the period. Geode Capital Management LLC raised its stake in shares of Equity Lifestyle Properties by 3.3% in the first quarter. Geode Capital Management LLC now owns 689,621 shares of the company’s stock worth $50,156,000 after buying an additional 22,198 shares during the period. Resolution Capital Ltd raised its stake in shares of Equity Lifestyle Properties by 11.2% in the second quarter. Resolution Capital Ltd now owns 1,069,136 shares of the company’s stock worth $85,584,000 after buying an additional 107,394 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in shares of Equity Lifestyle Properties during the second quarter worth $218,000. Institutional investors own 94.83% of the company’s stock.
Equity Lifestyle Properties Company Profile
Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations, and Home Sales and Rentals Operations.
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