Brokerages Set Equity Lifestyle Properties, Inc. (NYSE:ELS) PT at $69.20

Equity Lifestyle Properties, Inc. (NYSE:ELS) has been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $69.1964.

Several equities research analysts recently commented on the company. Wells Fargo & Company cut their price target on Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft raised 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. Mizuho assumed coverage on Equity Lifestyle Properties in a report on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 price target for the company. Zelman & Associates assumed coverage on Equity Lifestyle Properties in a report on Monday, March 16th. They issued an “underperform” rating and a $59.25 price target for the company. Finally, Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a report on Friday.

Equity Lifestyle Properties Stock Performance

Shares of ELS stock opened at $64.35 on Monday. The business’s 50 day moving average is $63.02 and its two-hundred day moving average is $63.68. 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 $12.48 billion, a P/E ratio of 32.18, a P/E/G ratio of 3.91 and a beta of 0.67. 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 announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $397.62 million for the quarter, compared to analyst estimates of $395.71 million. During the same period in the previous year, the company earned $0.57 EPS. Equity Lifestyle Properties’s revenue was up 2.7% compared to the same quarter last year. Analysts expect that Equity Lifestyle Properties will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.17 annualized dividend and a yield of 3.4%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 108.50%.

Institutional Investors Weigh In On Equity Lifestyle Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ELS. GoalVest Advisory LLC acquired a new stake in Equity Lifestyle Properties during the fourth quarter worth $25,000. Wiser Advisor Group LLC acquired a new stake in Equity Lifestyle Properties during the third quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its stake in Equity Lifestyle Properties by 943.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 453 shares during the last quarter. Clearstead Trust LLC increased its stake in Equity Lifestyle Properties by 74.8% during the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 231 shares during the last quarter. Finally, Fulcrum Asset Management LLP acquired a new stake 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 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.