Equity Lifestyle Properties, Inc. (NYSE:ELS) Given Average Recommendation of “Moderate Buy” by Brokerages

Equity Lifestyle Properties, Inc. (NYSE:ELS) has earned an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $68.9167.

Several research analysts have issued reports on the company. Odeon Capital Group set a $65.00 price objective on Equity Lifestyle Properties in a research report on Thursday, July 9th. Barclays restated an “equal weight” rating and set a $68.00 target price on shares of Equity Lifestyle Properties in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Wednesday, April 15th. Truist Financial set a $67.00 price objective on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Tuesday, May 5th. Finally, Robert W. Baird upped their target price on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd.

Institutional Trading of Equity Lifestyle Properties

Large investors have recently bought and sold shares of the company. GoalVest Advisory LLC acquired a new position in shares of Equity Lifestyle Properties during the 4th quarter worth $25,000. Wiser Advisor Group LLC acquired a new stake in shares of Equity Lifestyle Properties in the third quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Equity Lifestyle Properties by 943.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 453 shares in the last quarter. Clearstead Trust LLC lifted its stake in 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 valued at $33,000 after buying an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in Equity Lifestyle Properties during the third quarter worth $34,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $65.82 on Friday. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 32.91, a price-to-earnings-growth ratio of 3.88 and a beta of 0.66. The stock has a 50 day simple moving average of $63.34 and a 200-day simple moving average of $64.00. Equity Lifestyle Properties has a 12-month low of $58.15 and a 12-month high of $69.00. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.28). Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The business had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. During the same period in the prior year, the business earned $0.57 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Equity Lifestyle Properties will post 3.18 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, June 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 108.50%.

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.