Equity Lifestyle Properties, Inc. (NYSE:ELS) has been assigned an average rating of “Buy” from the nine research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $99.21.
ELS has been the topic of a number of recent analyst reports. Bank of America upped their target price on Equity Lifestyle Properties from $99.00 to $100.50 and gave the company a “buy” rating in a research report on Monday, September 17th. ValuEngine upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Zacks Investment Research upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a report on Wednesday, November 21st. Citigroup set a $107.00 price target on Equity Lifestyle Properties and gave the company a “hold” rating in a report on Wednesday, December 12th. Finally, BMO Capital Markets boosted their price target on Equity Lifestyle Properties from $96.00 to $99.00 and gave the company a “market perform” rating in a report on Tuesday, October 23rd.
In related news, EVP Roger Maynard sold 10,000 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $96.71, for a total transaction of $967,100.00. Following the completion of the transaction, the executive vice president now directly owns 146,389 shares in the company, valued at approximately $14,157,280.19. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.20% of the stock is owned by corporate insiders.
Equity Lifestyle Properties stock traded up $1.91 during midday trading on Friday, hitting $98.49. 14,585 shares of the company were exchanged, compared to its average volume of 422,200. The firm has a market capitalization of $8.56 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 3.95 and a beta of 0.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.07 and a current ratio of 0.07. Equity Lifestyle Properties has a fifty-two week low of $79.78 and a fifty-two week high of $104.05.
Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Monday, October 22nd. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.12. Equity Lifestyle Properties had a return on equity of 19.69% and a net margin of 22.40%. The company had revenue of $256.70 million for the quarter, compared to analyst estimates of $240.19 million. During the same period in the prior year, the company posted $0.91 EPS. Equity Lifestyle Properties’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that Equity Lifestyle Properties will post 3.9 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 28th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 2.23%. Equity Lifestyle Properties’s payout ratio is currently 61.11%.
About Equity Lifestyle Properties
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of October 22, 2018, we own or have an interest in 411 quality properties in 32 states and British Columbia consisting of 153,847 sites.
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