Equity LifeStyle Properties (ELS) Scheduled to Post Quarterly Earnings on Monday

Equity LifeStyle Properties (NYSE:ELSGet Free Report) will be releasing its earnings data on Monday, April 15th.

Equity LifeStyle Properties Trading Down 0.9 %

Shares of NYSE:ELS opened at $61.03 on Friday. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 3.66 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.03 and a current ratio of 0.03. The stock’s 50-day simple moving average is $65.42 and its two-hundred day simple moving average is $67.20. Equity LifeStyle Properties has a 52-week low of $60.47 and a 52-week high of $74.04.

Equity LifeStyle Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.477 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.91 annualized dividend and a dividend yield of 3.13%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. Equity LifeStyle Properties’s dividend payout ratio (DPR) is 113.69%.

Institutional Investors Weigh In On Equity LifeStyle Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RB Capital Management LLC grew its holdings in Equity LifeStyle Properties by 6.1% in the first quarter. RB Capital Management LLC now owns 7,109 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 407 shares during the period. Raymond James & Associates increased its stake in Equity LifeStyle Properties by 50.0% during the first quarter. Raymond James & Associates now owns 25,984 shares of the real estate investment trust’s stock worth $1,987,000 after acquiring an additional 8,658 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Equity LifeStyle Properties by 67.0% in the first quarter. Bank of Montreal Can now owns 36,421 shares of the real estate investment trust’s stock valued at $2,820,000 after buying an additional 14,609 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Equity LifeStyle Properties in the first quarter valued at $590,000. Finally, Yousif Capital Management LLC grew its stake in shares of Equity LifeStyle Properties by 3.2% in the first quarter. Yousif Capital Management LLC now owns 10,102 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 314 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft started coverage on Equity LifeStyle Properties in a research note on Tuesday, January 30th. They issued a “hold” rating and a $64.00 price objective on the stock. Truist Financial decreased their target price on Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 target price on shares of Equity LifeStyle Properties in a research note on Wednesday, January 31st. Finally, Wolfe Research upgraded Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $70.15.

Get Our Latest Analysis on ELS

About Equity LifeStyle Properties

(Get Free Report)

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.

See Also

Earnings History for Equity LifeStyle Properties (NYSE:ELS)

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