Equity Lifestyle Properties (NYSE:ELS) Upgraded by Odean Cap Resea to Hold Rating

Odean Cap Resea upgraded shares of Equity Lifestyle Properties (NYSE:ELS) to a hold rating in a research note published on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Mizuho initiated coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, March 31st. They set an “outperform” rating and a $72.00 price target on the stock. Zelman & Associates initiated coverage on Equity Lifestyle Properties in a research note on Monday, March 16th. They set an “underperform” rating and a $59.25 target price for the company. Barclays reduced their target price on Equity Lifestyle Properties from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft upgraded 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. Finally, Odeon Capital Group set a $65.00 price objective on Equity Lifestyle Properties in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.92.

Equity Lifestyle Properties Trading Up 0.3%

Shares of ELS traded up $0.20 during midday trading on Thursday, reaching $63.55. The company had a trading volume of 1,201,438 shares, compared to its average volume of 1,342,463. Equity Lifestyle Properties has a 1-year low of $58.15 and a 1-year high of $69.00. The stock has a market cap of $12.32 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 3.85 and a beta of 0.66. The firm has a 50 day simple moving average of $63.22 and a 200-day simple moving average of $63.89. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last issued 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). The firm had revenue of $397.62 million for the quarter, compared to analysts’ expectations of $395.71 million. Equity Lifestyle Properties had a return on equity of 21.22% and a net margin of 24.99%.Equity Lifestyle Properties’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. Research analysts forecast that Equity Lifestyle Properties will post 3.18 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a $0.5425 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $2.17 dividend on an annualized basis and a yield of 3.4%. Equity Lifestyle Properties’s payout ratio is presently 108.50%.

Institutional Investors Weigh In On Equity Lifestyle Properties

Institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB lifted its stake in Equity Lifestyle Properties by 13.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 55,918 shares of the real estate investment trust’s stock worth $3,604,000 after acquiring an additional 6,600 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in shares of Equity Lifestyle Properties by 2.8% during the second quarter. Elevation Wealth Partners LLC now owns 15,340 shares of the real estate investment trust’s stock worth $989,000 after purchasing an additional 421 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Equity Lifestyle Properties by 6.7% in the second quarter. GAMMA Investing LLC now owns 4,479 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 283 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Equity Lifestyle Properties by 2.9% in the first quarter. Pacer Advisors Inc. now owns 30,338 shares of the real estate investment trust’s stock valued at $1,894,000 after purchasing an additional 844 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Equity Lifestyle Properties by 9.5% in the first quarter. Parallel Advisors LLC now owns 3,209 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 278 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

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.