Equity LifeStyle Properties, Inc. (NYSE:ELS) Receives $73.90 Consensus PT from Analysts

Equity LifeStyle Properties, Inc. (NYSE:ELSGet Free Report) has received a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $73.90.

Several brokerages have recently issued reports on ELS. BMO Capital Markets lowered their price target on Equity LifeStyle Properties from $78.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Barclays assumed coverage on Equity LifeStyle Properties in a research report on Thursday, May 29th. They issued an “equal weight” rating and a $70.00 price target on the stock. Truist Financial reduced their price objective on Equity LifeStyle Properties from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, Jefferies Financial Group initiated coverage on shares of Equity LifeStyle Properties in a research note on Tuesday, April 8th. They issued a “buy” rating and a $80.00 price objective on the stock.

Check Out Our Latest Stock Analysis on ELS

Equity LifeStyle Properties Price Performance

Shares of NYSE:ELS opened at $62.26 on Thursday. The stock has a market capitalization of $11.90 billion, a P/E ratio of 31.93, a P/E/G ratio of 3.02 and a beta of 0.73. The business has a 50-day moving average of $63.80 and a two-hundred day moving average of $65.94. Equity LifeStyle Properties has a fifty-two week low of $58.86 and a fifty-two week high of $76.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.03.

Equity LifeStyle Properties (NYSE:ELSGet Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. Equity LifeStyle Properties had a return on equity of 23.12% and a net margin of 24.05%. The firm had revenue of $327.21 million during the quarter, compared to analysts’ expectations of $391.34 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. On average, equities research analysts predict that Equity LifeStyle Properties will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, June 27th. Equity LifeStyle Properties’s payout ratio is 106.74%.

Insider Activity at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, CFO Paul Seavey sold 10,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $64.72, for a total transaction of $647,200.00. Following the completion of the transaction, the chief financial officer now directly owns 78,162 shares in the company, valued at $5,058,644.64. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Equity LifeStyle Properties

Several institutional investors and hedge funds have recently made changes to their positions in ELS. Empowered Funds LLC bought a new position in Equity LifeStyle Properties during the 4th quarter valued at about $380,000. Louisiana State Employees Retirement System raised its stake in shares of Equity LifeStyle Properties by 2.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 53,000 shares of the real estate investment trust’s stock valued at $3,530,000 after acquiring an additional 1,300 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Equity LifeStyle Properties by 0.9% in the fourth quarter. Van ECK Associates Corp now owns 82,239 shares of the real estate investment trust’s stock valued at $5,477,000 after acquiring an additional 759 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Equity LifeStyle Properties by 4.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 402,570 shares of the real estate investment trust’s stock worth $26,811,000 after acquiring an additional 17,728 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Equity LifeStyle Properties by 3.0% during the 4th quarter. Rhumbline Advisers now owns 566,942 shares of the real estate investment trust’s stock worth $37,758,000 after acquiring an additional 16,521 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

About Equity LifeStyle Properties

(Get Free Report

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.

See Also

Analyst Recommendations for Equity LifeStyle Properties (NYSE:ELS)

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