Equity LifeStyle Properties (NYSE:ELS) Trading 1.5% Higher

Equity LifeStyle Properties, Inc. (NYSE:ELSGet Rating)’s stock price traded up 1.5% on Friday . The company traded as high as $68.33 and last traded at $68.25. 4,311 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 739,326 shares. The stock had previously closed at $67.27.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Equity LifeStyle Properties from $89.00 to $83.00 in a research report on Wednesday, July 20th. Evercore ISI reduced their target price on Equity LifeStyle Properties from $73.00 to $71.00 and set an “in-line” rating for the company in a report on Monday. Wolfe Research started coverage on Equity LifeStyle Properties in a report on Friday, July 15th. They issued a “peer perform” rating for the company. Truist Financial reissued a “buy” rating and issued a $77.00 target price on shares of Equity LifeStyle Properties in a report on Thursday, July 21st. Finally, Colliers Securities set a $92.00 target price on Equity LifeStyle Properties in a report on Tuesday, July 19th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $81.86.

Equity LifeStyle Properties Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a 50 day moving average of $72.59 and a 200-day moving average of $73.89. The stock has a market capitalization of $12.67 billion, a PE ratio of 44.26, a P/E/G ratio of 5.09 and a beta of 0.61.

Equity LifeStyle Properties (NYSE:ELSGet Rating) last issued its quarterly earnings data on Monday, July 18th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Equity LifeStyle Properties had a net margin of 20.28% and a return on equity of 19.19%. The company had revenue of $365.31 million for the quarter, compared to analyst estimates of $331.29 million. During the same period in the prior year, the company posted $0.61 EPS. The business’s revenue was up 10.7% on a year-over-year basis. Research analysts forecast that Equity LifeStyle Properties, Inc. will post 2.73 earnings per share for the current year.

Equity LifeStyle Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.41%. Equity LifeStyle Properties’s dividend payout ratio (DPR) is presently 107.90%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA acquired a new position in Equity LifeStyle Properties during the second quarter worth approximately $25,000. Royal London Asset Management Ltd. boosted its stake in shares of Equity LifeStyle Properties by 1.2% in the second quarter. Royal London Asset Management Ltd. now owns 68,258 shares of the real estate investment trust’s stock valued at $4,810,000 after buying an additional 823 shares during the period. Amundi lifted its stake in Equity LifeStyle Properties by 0.8% during the second quarter. Amundi now owns 248,610 shares of the real estate investment trust’s stock worth $18,007,000 after purchasing an additional 1,962 shares during the last quarter. Captrust Financial Advisors bought a new stake in Equity LifeStyle Properties during the second quarter worth $424,000. Finally, Legal & General Group Plc lifted its stake in Equity LifeStyle Properties by 3.2% during the second quarter. Legal & General Group Plc now owns 1,835,139 shares of the real estate investment trust’s stock worth $129,322,000 after purchasing an additional 56,283 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Equity LifeStyle Properties Company Profile

(Get Rating)

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

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