Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives $69.05 Consensus Target Price from Analysts

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $69.0536.

A number of equities analysts recently issued reports on the stock. Zelman & Associates assumed coverage on shares of Equity Lifestyle Properties in a research report on Monday, March 16th. They set an “underperform” rating and a $59.25 price objective for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $70.00 price objective on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. Robert W. Baird set a $73.00 price objective on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research report on Tuesday, January 20th. Finally, Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Saturday.

Insiders Place Their Bets

In other Equity Lifestyle Properties news, Director David J. Contis sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total transaction of $201,660.00. Following the sale, the director directly owned 14,890 shares of the company’s stock, valued at $1,000,905.80. The trade was a 16.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Equity Lifestyle Properties

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in Equity Lifestyle Properties during the 3rd quarter worth approximately $1,243,000. Fermata Advisors LLC grew its holdings in Equity Lifestyle Properties by 471.9% during the 4th quarter. Fermata Advisors LLC now owns 33,933 shares of the real estate investment trust’s stock worth $2,057,000 after acquiring an additional 28,000 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its holdings in Equity Lifestyle Properties by 910.4% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 100,390 shares of the real estate investment trust’s stock worth $6,091,000 after acquiring an additional 90,454 shares during the last quarter. Argosy Lionbridge Management LLC bought a new stake in Equity Lifestyle Properties during the 3rd quarter worth approximately $3,703,000. Finally, Westwood Holdings Group Inc. grew its holdings in Equity Lifestyle Properties by 23.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 229,092 shares of the real estate investment trust’s stock worth $14,128,000 after acquiring an additional 43,089 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $64.00 on Wednesday. The firm has a 50 day moving average of $65.86 and a 200-day moving average of $63.20. The stock has a market capitalization of $12.41 billion, a PE ratio of 31.84, a PEG ratio of 3.57 and a beta of 0.76. Equity Lifestyle Properties has a 12 month low of $58.15 and a 12 month high of $69.00. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.30.

Equity Lifestyle Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, March 27th. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. Equity Lifestyle Properties’s payout ratio is presently 107.96%.

About Equity Lifestyle Properties

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.