Equity Lifestyle Properties (NYSE:ELS) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Equity Lifestyle Properties (NYSE:ELS) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other research firms also recently weighed in on ELS. Mizuho assumed coverage on Equity Lifestyle Properties in a research report on Tuesday, March 31st. They set an “outperform” rating and a $72.00 price target for the company. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Deutsche Bank Aktiengesellschaft raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Wednesday, April 15th. Robert W. Baird lifted their price objective on Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company cut their target price on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $68.70.

Equity Lifestyle Properties Stock Up 0.2%

Shares of NYSE ELS opened at $66.16 on Wednesday. Equity Lifestyle Properties has a 12-month low of $58.15 and a 12-month high of $69.00. The company has a market capitalization of $12.83 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 4.02 and a beta of 0.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.04. The firm’s 50-day moving average is $63.69 and its two-hundred day moving average is $64.18.

Equity Lifestyle Properties (NYSE:ELS) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.The business had revenue of $397.81 million for the quarter, compared to analysts’ expectations of $383.66 million. During the same period last year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Equity Lifestyle Properties has set its FY 2026 guidance at 3.130-3.230 EPS and its Q3 2026 guidance at 0.760-0.820 EPS. Equities analysts anticipate that Equity Lifestyle Properties will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a $0.5425 dividend. The ex-dividend date was Friday, June 26th. This represents a $2.17 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s payout ratio is 104.33%.

Institutional Investors Weigh In On Equity Lifestyle Properties

Several hedge funds have recently made changes to their positions in ELS. Empowered Funds LLC lifted its position in Equity Lifestyle Properties by 14.1% during the first quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock worth $435,000 after buying an additional 804 shares during the period. Jane Street Group LLC increased its stake in shares of Equity Lifestyle Properties by 598.5% during the 1st quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after acquiring an additional 102,303 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Equity Lifestyle Properties by 62.3% during the 1st quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock valued at $1,542,000 after acquiring an additional 8,873 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Equity Lifestyle Properties by 111.0% during the 2nd quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 5,325 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Equity Lifestyle Properties in the second quarter worth approximately $300,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Equity Lifestyle Properties Company Profile

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.