Equity Lifestyle Properties (NYSE:ELS) Stock Gets Price Target Reduction from Truist Financial

Equity Lifestyle Properties (NYSE:ELS) had its price target trimmed by Truist Financial from $64.00 to $63.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

Several other research analysts have also issued reports on the stock. Odeon Capital Group set a $65.00 price target on shares of Equity Lifestyle Properties in a research report on Thursday, July 9th. Barclays set a $66.00 price objective on Equity Lifestyle Properties and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. Evercore set a $68.00 price objective on Equity Lifestyle Properties in a research note on Monday, September 21st. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a report on Monday, October 12th. Finally, Weiss Ratings lowered Equity Lifestyle Properties from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.02.

Equity Lifestyle Properties Stock Performance

NYSE:ELS opened at $63.07 on Tuesday. Equity Lifestyle Properties has a twelve month low of $57.46 and a twelve month high of $69.00. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $60.43 and a 200-day moving average of $63.51. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 3.79 and a beta of 0.60.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.34). Equity Lifestyle Properties had a return on equity of 21.73% and a net margin of 24.97%. The business had revenue of $409.90 million during the quarter, compared to analyst estimates of $402.75 million. During the same period in the prior year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Equity Lifestyle Properties has set its Q4 2026 guidance at 0.780-0.840 EPS and its FY 2026 guidance at 3.150-3.210 EPS. Analysts forecast that Equity Lifestyle Properties will post 3.19 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Shareholders of record on Thursday, December 24th will be issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, December 24th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is presently 106.90%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Aew Capital Management Inc. acquired a new stake in Equity Lifestyle Properties during the 3rd quarter worth about $5,769,000. Maryland State Retirement & Pension System grew its stake in Equity Lifestyle Properties by 12.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 10,751 shares of the real estate investment trust’s stock valued at $627,000 after acquiring an additional 1,228 shares in the last quarter. Bahl & Gaynor LLC increased its holdings in shares of Equity Lifestyle Properties by 3.1% in the 3rd quarter. Bahl & Gaynor LLC now owns 807,227 shares of the real estate investment trust’s stock valued at $47,086,000 after purchasing an additional 24,646 shares during the period. Mesirow Financial Investment Management Inc. increased its holdings in shares of Equity Lifestyle Properties by 6.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 6,552 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 411 shares during the period. Finally, New York Life Investment Management LLC increased its holdings in shares of Equity Lifestyle Properties by 11.4% in the 3rd quarter. New York Life Investment Management LLC now owns 27,320 shares of the real estate investment trust’s stock valued at $1,594,000 after purchasing an additional 2,801 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.

The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.