Equity LifeStyle Properties, Inc. (NYSE:ELS) Given Average Rating of “Hold” by Analysts

Equity LifeStyle Properties, Inc. (NYSE:ELS) has been given an average rating of “Hold” by the seven analysts that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $70.15.

Several equities research analysts recently commented on ELS shares. Truist Financial cut their target price on Equity LifeStyle Properties from $73.00 to $72.00 and set a “hold” rating on the stock in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft started coverage on Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $64.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 target price on shares of Equity LifeStyle Properties in a research report on Wednesday, January 31st. Finally, Wolfe Research upgraded Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Friday, February 9th.

Equity LifeStyle Properties Stock Up 0.7 %

Shares of Equity LifeStyle Properties stock opened at $62.74 on Friday. Equity LifeStyle Properties has a one year low of $60.47 and a one year high of $74.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.03 and a quick ratio of 0.03. The stock’s 50-day moving average is $64.93 and its 200 day moving average is $67.12. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 3.68 and a beta of 0.69.

Equity LifeStyle Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a $0.477 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.91 annualized dividend and a yield of 3.04%. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.45. Equity LifeStyle Properties’s dividend payout ratio is presently 113.69%.

Institutional Trading of Equity LifeStyle Properties

Several institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Financial Group LLC raised its stake in shares of Equity LifeStyle Properties by 10.3% in the first quarter. Marshall Financial Group LLC now owns 14,303 shares of the real estate investment trust’s stock worth $921,000 after purchasing an additional 1,340 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Equity LifeStyle Properties in the first quarter worth approximately $990,000. Azzad Asset Management Inc. ADV raised its stake in shares of Equity LifeStyle Properties by 5.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 13,287 shares of the real estate investment trust’s stock worth $856,000 after purchasing an additional 647 shares during the last quarter. Naviter Wealth LLC raised its stake in shares of Equity LifeStyle Properties by 1.6% in the first quarter. Naviter Wealth LLC now owns 12,404 shares of the real estate investment trust’s stock worth $805,000 after purchasing an additional 192 shares during the last quarter. Finally, State of Michigan Retirement System raised its stake in shares of Equity LifeStyle Properties by 2.5% in the first quarter. State of Michigan Retirement System now owns 45,800 shares of the real estate investment trust’s stock worth $2,950,000 after purchasing an additional 1,100 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.