Equity Lifestyle Properties, Inc. (NYSE:ELS) Stock Has Average Target Price of $67.88 According to Brokerages

Equity Lifestyle Properties, Inc. (NYSE:ELS – Get Free Report) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $67.88.

A number of research firms recently weighed in on ELS. Barclays set a $69.00 target price on shares of Equity Lifestyle Properties and gave the company an “equal weight” rating in a report on Monday, August 17th. Evercore set a $68.00 price target on shares of Equity Lifestyle Properties in a report on Monday, September 21st. Morgan Stanley reissued a “mixed” rating and set a $59.00 price objective (down from $62.50) on shares of Equity Lifestyle Properties in a research note on Wednesday, August 12th. Truist Financial set a $64.00 target price on Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Friday, September 11th. Finally, Jefferies Financial Group upgraded Equity Lifestyle Properties to a “strong-buy” rating in a research report on Wednesday, July 22nd.

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Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ELS. BlackRock Inc. purchased a new stake in Equity Lifestyle Properties in the second quarter worth $1,576,449,000. Cohen & Steers Inc. grew its holdings in shares of Equity Lifestyle Properties by 26.8% in the fourth quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock worth $643,331,000 after purchasing an additional 2,246,622 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Equity Lifestyle Properties by 1.0% in the first quarter. Principal Financial Group Inc. now owns 6,435,365 shares of the real estate investment trust’s stock worth $401,698,000 after purchasing an additional 66,772 shares during the last quarter. Geode Capital Management LLC increased its stake in Equity Lifestyle Properties by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 4,712,562 shares of the real estate investment trust’s stock worth $285,048,000 after buying an additional 100,364 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in Equity Lifestyle Properties by 16.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,656,490 shares of the real estate investment trust’s stock worth $221,619,000 after buying an additional 509,442 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Price Performance

ELS stock opened at $58.25 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.02 and a current ratio of 0.02. The company’s fifty day moving average price is $62.90 and its 200-day moving average price is $63.40. Equity Lifestyle Properties has a one year low of $57.46 and a one year high of $69.00. The company has a market capitalization of $11.30 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 3.46 and a beta of 0.63.

Equity Lifestyle Properties (NYSE:ELS – Get 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 analysts’ consensus estimates of $0.72 by ($0.22). The company had revenue of $397.81 million during the quarter, compared to the consensus estimate of $383.66 million. Equity Lifestyle Properties had a net margin of 25.92% and a return on equity of 22.31%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. On average, equities analysts anticipate that Equity Lifestyle Properties will post 3.2 EPS for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company 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 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 25th. Equity Lifestyle Properties’s dividend payout ratio is 104.33%.

Equity Lifestyle Properties Company Profile

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Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns and operates manufactured home communities, recreational vehicle resorts and marinas. Its properties provide residential sites for manufactured homes and park model homes, as well as vacation-oriented accommodations and facilities for RV owners and boaters.

The company serves a range of residents and travelers through long-term manufactured housing communities, seasonal and transient RV resorts, and marina properties.

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