Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives $68.52 Average PT from Analysts

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $68.3036.

Several research analysts recently issued reports on ELS shares. Barclays set a $69.00 price target on shares of Equity Lifestyle Properties and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Odeon Capital Group set a $65.00 price objective on shares of Equity Lifestyle Properties in a research report on Thursday, July 9th. Truist Financial set a $64.00 target price on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Friday. Wells Fargo & Company dropped their target price on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Finally, Weiss Ratings lowered shares of Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday.

Equity Lifestyle Properties Trading Down 0.3%

ELS stock opened at $60.10 on Friday. The business has a fifty day moving average price of $64.44 and a 200 day moving average price of $64.27. Equity Lifestyle Properties has a fifty-two week low of $58.72 and a fifty-two week high of $69.00. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 3.51 and a beta of 0.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.02 and a quick ratio of 0.02.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). The business had revenue of $397.81 million during the quarter, compared to analyst estimates of $383.66 million. Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.Equity Lifestyle Properties’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. Analysts expect that Equity Lifestyle Properties will post 3.2 EPS for the current fiscal year.

Equity Lifestyle Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 25th. Equity Lifestyle Properties’s payout ratio is 104.33%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ELS. Empowered Funds LLC raised its position in shares of Equity Lifestyle Properties by 14.1% during the first quarter. Empowered Funds LLC now owns 6,516 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 804 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Equity Lifestyle Properties by 598.5% during the first quarter. Jane Street Group LLC now owns 119,397 shares of the real estate investment trust’s stock valued at $7,964,000 after acquiring an additional 102,303 shares during the period. Intech Investment Management LLC boosted its holdings in Equity Lifestyle Properties by 62.3% in the first quarter. Intech Investment Management LLC now owns 23,114 shares of the real estate investment trust’s stock valued at $1,542,000 after acquiring an additional 8,873 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Equity Lifestyle Properties by 111.0% in the second quarter. Cetera Investment Advisers now owns 10,122 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 5,325 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in Equity Lifestyle Properties in the second quarter worth about $300,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns, operates and manages residential communities and resort properties across the United States. Its portfolio primarily consists of manufactured home communities, recreational vehicle (RV) resorts and campgrounds.

The company provides long-term homesites for manufactured housing residents, as well as seasonal and transient accommodations for RV owners and vacationers. Its properties generally offer amenities and services such as clubhouses, swimming pools, recreational facilities, community events and utility connections.