Equity LifeStyle Properties, Inc. (NYSE:ELS) Given Average Recommendation of “Hold” by Analysts

Equity LifeStyle Properties, Inc. (NYSE:ELS – Get Rating) has received an average rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $76.13.

Several analysts recently commented on the stock. Truist Financial upped their price target on shares of Equity LifeStyle Properties from $71.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, January 17th. Robert W. Baird upped their price target on shares of Equity LifeStyle Properties from $68.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. StockNews.com upgraded shares of Equity LifeStyle Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, January 31st. Barclays upped their price target on shares of Equity LifeStyle Properties from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, February 15th. Finally, Citigroup upped their price target on shares of Equity LifeStyle Properties from $62.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, February 3rd.

Equity LifeStyle Properties Stock Down 2.6 %

ELS stock opened at $65.17 on Friday. The company has a fifty day moving average price of $68.79 and a 200 day moving average price of $66.62. Equity LifeStyle Properties has a 12 month low of $56.91 and a 12 month high of $83.80. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 42.60, a price-to-earnings-growth ratio of 5.70 and a beta of 0.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.02 and a quick ratio of 0.02.

Equity LifeStyle Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be given a dividend of $0.447 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.79 dividend on an annualized basis and a yield of 2.74%. This is an increase from Equity LifeStyle Properties’s previous quarterly dividend of $0.41. Equity LifeStyle Properties’s dividend payout ratio is presently 107.19%.

Hedge Funds Weigh In On Equity LifeStyle Properties

A number of large investors have recently bought and sold shares of the company. Private Trust Co. NA purchased a new position in shares of Equity LifeStyle Properties in the 2nd quarter valued at about $25,000. Wipfli Financial Advisors LLC acquired a new stake in Equity LifeStyle Properties in the 3rd quarter valued at about $25,000. SeaCrest Wealth Management LLC acquired a new stake in Equity LifeStyle Properties in the 2nd quarter valued at about $27,000. Eagle Bay Advisors LLC acquired a new stake in Equity LifeStyle Properties in the 2nd quarter valued at about $30,000. Finally, Exos TFP Holdings LLC acquired a new stake in Equity LifeStyle Properties in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 90.65% of the company’s stock.

Equity LifeStyle Properties Company Profile

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Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.