Equity Lifestyle Properties, Inc. (NYSE:ELS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELSGet Free Report) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $68.4464.

A number of analysts recently issued reports on ELS shares. Jefferies Financial Group raised Equity Lifestyle Properties to a “strong-buy” rating in a research note on Wednesday, July 22nd. Barclays reaffirmed an “equal weight” rating and issued a $68.00 price target on shares of Equity Lifestyle Properties in a research note on Tuesday, July 14th. Morgan Stanley reiterated a “mixed” rating and issued a $59.00 price target (down from $62.50) on shares of Equity Lifestyle Properties in a report on Wednesday. Wells Fargo & Company lowered their price objective on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Finally, Weiss Ratings cut shares of Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 30th.

Check Out Our Latest Analysis on Equity Lifestyle Properties

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wiser Advisor Group LLC acquired a new stake in Equity Lifestyle Properties in the 3rd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake in Equity Lifestyle Properties by 943.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 453 shares in the last quarter. Clearstead Trust LLC acquired a new position in Equity Lifestyle Properties during the 2nd quarter worth approximately $33,000. Fulcrum Asset Management LLP acquired a new position in Equity Lifestyle Properties during the 3rd quarter worth approximately $34,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Equity Lifestyle Properties during the 2nd quarter worth approximately $37,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Equity Lifestyle Properties Stock Performance

ELS stock opened at $65.62 on Tuesday. Equity Lifestyle Properties has a 1-year low of $58.72 and a 1-year high of $69.00. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.31. The firm has a market cap of $12.73 billion, a PE ratio of 31.55, a P/E/G ratio of 3.82 and a beta of 0.64. The business’s 50-day moving average price is $64.55 and its two-hundred day moving average price is $64.54.

Equity Lifestyle Properties (NYSE:ELSGet Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.22). The business had revenue of $397.81 million during the quarter, compared to the consensus estimate of $383.66 million. Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. As a group, research analysts forecast that Equity Lifestyle Properties will post 3.2 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.17 annualized dividend and a dividend yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 104.33%.

About Equity Lifestyle Properties

(Get Free Report)

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.

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Analyst Recommendations for Equity Lifestyle Properties (NYSE:ELS)

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