Zacks Investment Research downgraded shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) from a buy rating to a hold rating in a research report sent to investors on Monday.

According to Zacks, “Equity Lifestyle Properties, Inc. is a self-administered, self-managed, real estate investment trust. “

ELS has been the topic of several other research reports. TheStreet lowered shares of Equity Lifestyle Properties from a buy rating to a hold rating in a research note on Friday, October 7th. Robert W. Baird upgraded shares of Equity Lifestyle Properties from a neutral rating to an outperform rating and set a $78.00 price objective on the stock in a research note on Monday, November 21st. Finally, Evercore ISI initiated coverage on shares of Equity Lifestyle Properties in a research note on Friday, October 14th. They set a hold rating and a $74.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Equity Lifestyle Properties presently has a consensus rating of Hold and an average target price of $73.93.

Equity Lifestyle Properties (NYSE:ELS) traded down 0.15% during midday trading on Monday, reaching $72.41. The company had a trading volume of 38,353 shares. The company has a market capitalization of $6.18 billion, a P/E ratio of 38.13 and a beta of 0.35. The company’s 50 day moving average is $70.85 and its 200-day moving average is $75.34. Equity Lifestyle Properties has a 52-week low of $62.22 and a 52-week high of $83.19.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results on Monday, October 17th. The real estate investment trust reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. Equity Lifestyle Properties had a net margin of 21.16% and a return on equity of 20.15%. The company had revenue of $226.20 million for the quarter, compared to analyst estimates of $116.42 million. During the same quarter last year, the business earned $0.77 earnings per share. Equity Lifestyle Properties’s revenue was up 7.7% compared to the same quarter last year. Equities analysts expect that Equity Lifestyle Properties will post $1.87 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, December 28th. Equity Lifestyle Properties’s payout ratio is 89.01%.

A number of hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Equity Lifestyle Properties by 6.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 506,145 shares of the real estate investment trust’s stock worth $39,064,000 after buying an additional 28,500 shares during the last quarter. Phocas Financial Corp. boosted its stake in shares of Equity Lifestyle Properties by 9.0% in the third quarter. Phocas Financial Corp. now owns 13,015 shares of the real estate investment trust’s stock worth $1,004,000 after buying an additional 1,075 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Equity Lifestyle Properties during the third quarter worth $419,000. Dean Investment Associates LLC boosted its stake in shares of Equity Lifestyle Properties by 1.3% in the third quarter. Dean Investment Associates LLC now owns 10,288 shares of the real estate investment trust’s stock worth $794,000 after buying an additional 131 shares during the last quarter. Finally, AEW Capital Management L P boosted its stake in shares of Equity Lifestyle Properties by 0.8% in the third quarter. AEW Capital Management L P now owns 707,375 shares of the real estate investment trust’s stock worth $54,595,000 after buying an additional 5,700 shares during the last quarter. Hedge funds and other institutional investors own 95.01% of the company’s stock.

Equity Lifestyle Properties Company Profile

Equity LifeStyle Properties, Inc is a real estate investment trust. The Company is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations, and Home Sales and Rentals Operations.

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