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

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have received an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $70.1923.

ELS has been the topic of several research analyst reports. Zacks Research lowered shares of Equity Lifestyle Properties from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Evercore reduced their target price on shares of Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating for the company in a research note on Thursday, October 23rd. Truist Financial set a $66.00 price target on Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, January 20th. Wall Street Zen raised Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Sunday, February 1st. Finally, Bank of America raised Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Tuesday, February 3rd.

Equity Lifestyle Properties Trading Up 1.0%

Shares of Equity Lifestyle Properties stock opened at $67.87 on Tuesday. Equity Lifestyle Properties has a 1 year low of $58.15 and a 1 year high of $70.35. The company’s fifty day simple moving average is $62.61 and its 200-day simple moving average is $61.75. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 3.76 and a beta of 0.76. The company has a current ratio of 0.04, a quick ratio of 0.05 and a debt-to-equity ratio of 0.30.

Equity Lifestyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.5425 per share. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, March 27th. Equity Lifestyle Properties’s dividend payout ratio is presently 102.49%.

Institutional Trading of Equity Lifestyle Properties

Several institutional investors have recently made changes to their positions in ELS. GoalVest Advisory LLC bought a new stake in Equity Lifestyle Properties in the fourth quarter valued at about $25,000. Wiser Advisor Group LLC acquired a new stake in Equity Lifestyle Properties during the third quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Equity Lifestyle Properties by 943.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 453 shares during the period. Clearstead Trust LLC raised its holdings in shares of Equity Lifestyle Properties by 74.8% in the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP bought a new position in shares of Equity Lifestyle Properties during the 3rd quarter worth approximately $34,000. 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.