Equity LifeStyle Properties, Inc. (NYSE:ELS) Given Consensus Recommendation of “Hold” by Analysts

Equity LifeStyle Properties, Inc. (NYSE:ELS) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $70.15.

Several equities analysts have recently commented on ELS shares. Truist Financial decreased their price target on Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 target price on shares of Equity LifeStyle Properties in a research note on Wednesday, January 31st. Wolfe Research raised shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $64.00 price objective for the company.

Equity LifeStyle Properties Trading Down 0.9 %

ELS opened at $61.03 on Friday. The stock has a market capitalization of $11.38 billion, a PE ratio of 36.33, a P/E/G ratio of 3.69 and a beta of 0.69. Equity LifeStyle Properties has a one year low of $60.47 and a one year high of $74.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The business’s 50 day moving average price is $65.42 and its 200 day moving average price is $67.19.

Equity LifeStyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.477 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. This represents a $1.91 dividend on an annualized basis and a yield of 3.13%. Equity LifeStyle Properties’s dividend payout ratio is 113.69%.

Institutional Trading of Equity LifeStyle Properties

Several hedge funds have recently modified their holdings of the stock. Aurora Investment Managers LLC. raised its holdings in Equity LifeStyle Properties by 73.2% in the first quarter. Aurora Investment Managers LLC. now owns 30,892 shares of the real estate investment trust’s stock valued at $1,989,000 after acquiring an additional 13,054 shares in the last quarter. Rise Advisors LLC purchased a new position in Equity LifeStyle Properties in the first quarter valued at approximately $27,000. Mather Group LLC. acquired a new stake in Equity LifeStyle Properties during the 1st quarter worth $25,000. Kapitalo Investimentos Ltda increased its position in shares of Equity LifeStyle Properties by 278.1% during the fourth quarter. Kapitalo Investimentos Ltda now owns 6,133 shares of the real estate investment trust’s stock worth $433,000 after purchasing an additional 4,511 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Equity LifeStyle Properties by 8.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 18,981 shares of the real estate investment trust’s stock valued at $1,339,000 after purchasing an additional 1,457 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.