Equity LifeStyle Properties, Inc. (NYSE:ELS) Receives Consensus Rating of “Hold” from Brokerages

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) have earned a consensus rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $68.85.

ELS has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on shares of Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Equity LifeStyle Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $64.00 target price on the stock. Barclays reduced their price target on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a research report on Friday, April 26th. Wolfe Research upgraded Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a report on Friday, February 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of Equity LifeStyle Properties in a research note on Wednesday, January 31st.

Equity LifeStyle Properties Trading Down 0.1 %

Shares of ELS stock opened at $63.03 on Wednesday. Equity LifeStyle Properties has a 1-year low of $59.82 and a 1-year high of $74.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03 and a quick ratio of 0.03. The business’s fifty day moving average price is $63.78 and its 200 day moving average price is $66.91. The firm has a market capitalization of $11.76 billion, a PE ratio of 34.44, a P/E/G ratio of 3.73 and a beta of 0.70.

Equity LifeStyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a dividend of $0.477 per share. This represents a $1.91 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, June 28th. Equity LifeStyle Properties’s payout ratio is 104.37%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC grew its holdings in shares of Equity LifeStyle Properties by 15.3% during the first quarter. Inspire Investing LLC now owns 27,886 shares of the real estate investment trust’s stock worth $1,796,000 after buying an additional 3,690 shares in the last quarter. Sei Investments Co. grew its stake in Equity LifeStyle Properties by 1.4% in the 1st quarter. Sei Investments Co. now owns 732,032 shares of the real estate investment trust’s stock worth $47,143,000 after acquiring an additional 9,883 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Equity LifeStyle Properties in the 1st quarter valued at $399,000. Mystic Asset Management Inc. purchased a new position in shares of Equity LifeStyle Properties during the 1st quarter worth $206,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Equity LifeStyle Properties by 507.9% during the first quarter. SG Americas Securities LLC now owns 84,357 shares of the real estate investment trust’s stock worth $5,433,000 after purchasing an additional 70,481 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

About Equity LifeStyle Properties

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.