Equity Lifestyle Properties, Inc. (NYSE:ELS) has earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $106.70.

ELS has been the topic of a number of analyst reports. Zacks Investment Research raised Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a report on Wednesday, April 3rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Equity Lifestyle Properties in a report on Wednesday, April 24th. Finally, Wells Fargo & Co lowered Equity Lifestyle Properties from an “outperform” rating to a “market perform” rating and set a $112.00 price objective on the stock. in a report on Tuesday, March 26th.

Several hedge funds have recently bought and sold shares of ELS. Vanguard Group Inc lifted its position in shares of Equity Lifestyle Properties by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 12,011,036 shares of the real estate investment trust’s stock valued at $1,158,465,000 after acquiring an additional 122,921 shares during the period. We Are One Seven LLC acquired a new stake in shares of Equity Lifestyle Properties during the 4th quarter valued at approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Equity Lifestyle Properties by 2.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,258 shares of the real estate investment trust’s stock valued at $2,259,000 after acquiring an additional 614 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Equity Lifestyle Properties during the 4th quarter valued at approximately $206,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Equity Lifestyle Properties by 6.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,756 shares of the real estate investment trust’s stock valued at $365,000 after acquiring an additional 223 shares during the period. Institutional investors own 94.64% of the company’s stock.

Shares of ELS opened at $120.09 on Tuesday. Equity Lifestyle Properties has a twelve month low of $89.22 and a twelve month high of $122.08. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 3.93 and a beta of 0.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings data on Monday, April 22nd. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.02. Equity Lifestyle Properties had a return on equity of 22.97% and a net margin of 27.24%. The company had revenue of $259.00 million for the quarter, compared to analyst estimates of $251.72 million. During the same quarter in the previous year, the company earned $1.04 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts expect that Equity Lifestyle Properties will post 4.18 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.6125 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 2.04%. Equity Lifestyle Properties’s payout ratio is 63.31%.

Equity Lifestyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (“REIT”) with headquarters in Chicago. As of January 28, 2019, we own or have an interest in 409 quality properties in 33 states and British Columbia consisting of 153,984 sites.

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Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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