Equity Lifestyle Properties (NYSE:ELS – Free Report) had its target price trimmed by Robert W. Baird from $74.00 to $71.00 in a research report report published on Wednesday, Marketbeat reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.
A number of other research analysts have also issued reports on ELS. Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a report on Monday, October 12th. Truist Financial set a $64.00 price target on Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Friday, September 11th. Weiss Ratings downgraded Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Royal Bank Of Canada reduced their price target on Equity Lifestyle Properties from $71.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th. Finally, Wells Fargo & Company set a $64.00 price objective on Equity Lifestyle Properties and gave the company an “equal weight” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Equity Lifestyle Properties currently has a consensus rating of “Hold” and an average price target of $67.09.
Get Our Latest Report on Equity Lifestyle Properties
Equity Lifestyle Properties Price Performance
Equity Lifestyle Properties stock opened at $60.84 on Wednesday. The firm has a market cap of $11.81 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 3.51 and a beta of 0.63. Equity Lifestyle Properties has a 52-week low of $57.46 and a 52-week high of $69.00. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $61.26 and its two-hundred day moving average is $62.97.
Equity Lifestyle Properties (NYSE:ELS – Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $0.45 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.34). The business had revenue of $409.90 million during the quarter, compared to analysts’ expectations of $402.75 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 21.73%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. On average, research analysts expect that Equity Lifestyle Properties will post 3.19 EPS for the current fiscal year.
Equity Lifestyle Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were given a $0.5425 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.6%. Equity Lifestyle Properties’s dividend payout ratio is currently 106.90%.
Institutional Investors Weigh In On Equity Lifestyle Properties
Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Equity Lifestyle Properties during the third quarter worth $26,000. Parkside Financial Bank & Trust increased its holdings in Equity Lifestyle Properties by 126.8% in the second quarter. Parkside Financial Bank & Trust now owns 415 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 232 shares during the last quarter. Mather Group LLC. increased its holdings in Equity Lifestyle Properties by 122.0% in the third quarter. Mather Group LLC. now owns 535 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 294 shares during the last quarter. YANKCOM Partnership raised its stake in Equity Lifestyle Properties by 44.9% in the third quarter. YANKCOM Partnership now owns 549 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 170 shares in the last quarter. Finally, Clearstead Trust LLC acquired a new stake in Equity Lifestyle Properties in the second quarter valued at $33,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.
About Equity Lifestyle Properties
Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns, operates and manages manufactured housing communities, recreational vehicle resorts and campgrounds, and marinas. Its properties are designed to provide residential and vacation accommodations, with offerings that range from long-term manufactured home sites to seasonal and transient RV sites and boat storage.
The company serves residents, vacationers and boat owners across the United States. Its portfolio is concentrated in locations with favorable climates, recreational appeal and access to coastal, lakefront or other leisure destinations.
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