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

Equity LifeStyle Properties, Inc. (NYSE:ELSGet Free Report) has been given an average rating of “Hold” by the eight brokerages that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $68.85.

A number of brokerages have commented on ELS. Wolfe Research upgraded shares of Equity LifeStyle Properties from a “peer perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research note on Friday, February 9th. Truist Financial dropped their target price 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. Finally, Barclays cut their price objective on shares of Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, April 26th.

Get Our Latest Report on Equity LifeStyle Properties

Equity LifeStyle Properties Stock Up 0.3 %

Shares of NYSE ELS opened at $62.77 on Friday. The firm’s 50-day moving average price is $62.61 and its 200-day moving average price is $66.54. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 34.30, a P/E/G ratio of 3.59 and a beta of 0.70. Equity LifeStyle Properties has a 12-month low of $59.82 and a 12-month high of $74.04.

Equity LifeStyle Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.477 per share. The ex-dividend date is Friday, June 28th. This represents a $1.91 dividend on an annualized basis and a yield of 3.04%. Equity LifeStyle Properties’s dividend payout ratio is presently 104.37%.

Institutional Investors Weigh In On Equity LifeStyle Properties

Hedge funds have recently modified their holdings of the company. Retirement Systems of Alabama raised its holdings in Equity LifeStyle Properties by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 233,448 shares of the real estate investment trust’s stock worth $16,467,000 after purchasing an additional 863 shares during the period. Cornercap Investment Counsel Inc. purchased a new position in Equity LifeStyle Properties during the fourth quarter worth approximately $956,000. Arizona State Retirement System boosted its position in Equity LifeStyle Properties by 0.8% during the fourth quarter. Arizona State Retirement System now owns 48,637 shares of the real estate investment trust’s stock worth $3,431,000 after purchasing an additional 375 shares in the last quarter. Farrow Financial Inc. purchased a new position in Equity LifeStyle Properties during the fourth quarter worth approximately $1,467,000. Finally, UBS Group AG boosted its position in Equity LifeStyle Properties by 1,029.9% during the fourth quarter. UBS Group AG now owns 243,770 shares of the real estate investment trust’s stock worth $17,196,000 after purchasing an additional 222,196 shares in the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Company Profile

(Get Free Report

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.

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Analyst Recommendations for Equity LifeStyle Properties (NYSE:ELS)

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