Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $70.50.

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Evercore ISI decreased their price objective on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a report on Thursday, October 23rd. Morgan Stanley dropped their price objective on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating for the company in a report on Thursday, September 4th. Jefferies Financial Group upgraded shares of Equity Lifestyle Properties to a “strong-buy” rating in a research report on Monday, October 20th. Finally, Wall Street Zen raised shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st.

Institutional Trading of Equity Lifestyle Properties

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in Equity Lifestyle Properties by 12.3% during the second quarter. Farther Finance Advisors LLC now owns 1,620 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 178 shares in the last quarter. Private Advisor Group LLC grew its position in Equity Lifestyle Properties by 3.7% in the third quarter. Private Advisor Group LLC now owns 4,948 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 178 shares in the last quarter. GAMMA Investing LLC raised its holdings in Equity Lifestyle Properties by 10.8% during the second quarter. GAMMA Investing LLC now owns 2,069 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 201 shares in the last quarter. Moran Wealth Management LLC lifted its holdings in Equity Lifestyle Properties by 1.2% in the 2nd quarter. Moran Wealth Management LLC now owns 17,995 shares of the real estate investment trust’s stock worth $1,110,000 after purchasing an additional 220 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Equity Lifestyle Properties by 1.6% in the third quarter. Crossmark Global Holdings Inc. now owns 14,229 shares of the real estate investment trust’s stock worth $864,000 after buying an additional 220 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

Shares of ELS stock opened at $61.17 on Monday. Equity Lifestyle Properties has a twelve month low of $58.15 and a twelve month high of $70.35. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 3.41 and a beta of 0.78. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $61.80 and a two-hundred day simple moving average of $61.40.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $393.31 million during the quarter, compared to analyst estimates of $389.39 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. Equity Lifestyle Properties’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. On average, analysts predict that Equity Lifestyle Properties will post 3.07 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, December 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 103.52%.

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.