Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives $68.70 Average Price Target from Brokerages

Equity Lifestyle Properties, Inc. (NYSE:ELS) has earned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $68.5179.

Several research analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of 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. Odeon Capital Group set a $65.00 price target on shares of Equity Lifestyle Properties in a report on Thursday, July 9th. Jefferies Financial Group raised shares of Equity Lifestyle Properties to a “strong-buy” rating in a report on Wednesday, July 22nd. Morgan Stanley reiterated a “mixed” rating and issued a $59.00 price objective (down from $62.50) on shares of Equity Lifestyle Properties in a research report on Wednesday, August 12th. Finally, Weiss Ratings raised Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday.

Equity Lifestyle Properties Trading Down 1.1%

Shares of Equity Lifestyle Properties stock opened at $64.91 on Tuesday. Equity Lifestyle Properties has a 12-month low of $58.72 and a 12-month high of $69.00. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 3.82 and a beta of 0.64. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $64.62 and its 200-day moving average price is $64.57.

Equity Lifestyle Properties (NYSE:ELS) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). The firm had revenue of $397.81 million during the quarter, compared to the consensus estimate of $383.66 million. Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. Equity Lifestyle Properties’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. On average, equities analysts expect that Equity Lifestyle Properties will post 3.2 earnings per share for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a $0.5425 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 104.33%.

Institutional Trading of Equity Lifestyle Properties

A number of large investors have recently modified their holdings of ELS. Wiser Advisor Group LLC bought a new position in shares of Equity Lifestyle Properties in the third quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd raised its stake in Equity Lifestyle Properties by 943.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 453 shares in the last quarter. Clearstead Trust LLC lifted its position 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 valued at $33,000 after purchasing an additional 231 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in Equity Lifestyle Properties during the third quarter valued at approximately $34,000. Finally, V Square Quantitative Management LLC purchased a new position in Equity Lifestyle Properties in the 4th quarter worth approximately $37,000. Institutional investors own 97.21% of the company’s stock.

About Equity Lifestyle Properties

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.