Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $87.60.
ELS has been the subject of a number of recent research reports. BidaskClub upgraded shares of Equity Lifestyle Properties from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Cantor Fitzgerald reiterated a “neutral” rating and set a $81.00 price target (up previously from $75.00) on shares of Equity Lifestyle Properties in a research note on Saturday, July 22nd. Zacks Investment Research upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Tuesday, August 22nd. Finally, Robert W. Baird cut shares of Equity Lifestyle Properties from an “outperform” rating to a “neutral” rating and set a $92.00 price target for the company. in a research note on Friday, September 8th.
Shares of Equity Lifestyle Properties (NYSE ELS) opened at 87.57 on Wednesday. The firm has a market capitalization of $7.62 billion, a P/E ratio of 43.46 and a beta of 0.32. Equity Lifestyle Properties has a 1-year low of $65.87 and a 1-year high of $90.80. The stock’s 50 day moving average is $87.51 and its 200 day moving average is $84.89.
Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Monday, July 17th. The real estate investment trust reported $0.81 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.81. The firm had revenue of $221.30 million for the quarter, compared to the consensus estimate of $209.80 million. Equity Lifestyle Properties had a net margin of 22.00% and a return on equity of 20.64%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. Equities analysts predict that Equity Lifestyle Properties will post $2.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.4875 dividend. This represents a $1.95 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Thursday, September 28th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 97.02%.
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In other news, Chairman Samuel Zell bought 805,333 shares of Equity Lifestyle Properties stock in a transaction dated Friday, July 21st. The stock was bought at an average price of $87.43 per share, for a total transaction of $70,410,264.19. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.10% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its stake in shares of Equity Lifestyle Properties by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,489 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 125 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of Equity Lifestyle Properties in the 2nd quarter worth $155,000. Parallel Advisors LLC lifted its stake in shares of Equity Lifestyle Properties by 3.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,244 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 82 shares during the period. Menta Capital LLC acquired a new stake in shares of Equity Lifestyle Properties in the 1st quarter worth $200,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Equity Lifestyle Properties in the 1st quarter worth $210,000. Institutional investors own 95.74% of the company’s stock.
About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc is a real estate investment trust (REIT). The Company is an owner and operator of lifestyle-oriented properties (properties) consisting primarily of manufactured home (MH) communities and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations and Home Sales and Rentals Operations.
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