Equity LifeStyle Properties, Inc. (NYSE:ELS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $73.30.

A number of equities analysts recently issued reports on the company. Robert W. Baird increased their target price on Equity LifeStyle Properties from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Evercore ISI raised their price objective on shares of Equity LifeStyle Properties from $76.00 to $77.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Compass Point boosted their target price on shares of Equity LifeStyle Properties from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Truist Financial raised shares of Equity LifeStyle Properties from a “hold” rating to a “buy” rating in a research report on Friday. Finally, UBS Group raised Equity LifeStyle Properties to a “strong-buy” rating in a report on Thursday, October 10th.

Institutional Investors Weigh In On Equity LifeStyle Properties

A number of hedge funds have recently made changes to their positions in ELS. Los Angeles Capital Management LLC bought a new stake in Equity LifeStyle Properties in the second quarter worth about $348,000. Acadian Asset Management LLC bought a new stake in shares of Equity LifeStyle Properties in the 2nd quarter worth approximately $54,000. Choreo LLC purchased a new position in Equity LifeStyle Properties in the second quarter valued at approximately $257,000. American Century Companies Inc. lifted its stake in Equity LifeStyle Properties by 8.1% in the second quarter. American Century Companies Inc. now owns 54,505 shares of the real estate investment trust’s stock valued at $3,550,000 after purchasing an additional 4,081 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Equity LifeStyle Properties by 7.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 64,354 shares of the real estate investment trust’s stock valued at $4,104,000 after purchasing an additional 4,401 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Trading Up 0.5 %

ELS opened at $66.52 on Monday. The company has a fifty day moving average price of $68.54 and a two-hundred day moving average price of $69.38. Equity LifeStyle Properties has a 1-year low of $59.82 and a 1-year high of $76.60. The company has a market cap of $12.71 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 3.21 and a beta of 0.79. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.35.

Equity LifeStyle Properties (NYSE:ELS) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.28). The firm had revenue of $387.30 million during the quarter, compared to the consensus estimate of $315.78 million. Equity LifeStyle Properties had a net margin of 23.97% and a return on equity of 24.10%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. Analysts predict that Equity LifeStyle Properties will post 2.92 EPS for the current fiscal year.

Equity LifeStyle Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.477 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.91 dividend on an annualized basis and a yield of 2.87%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 98.45%.

About Equity LifeStyle Properties

Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.