Equity LifeStyle Properties, Inc. (NYSE:ELS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) have been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $74.33.

A number of research analysts have recently issued reports on the stock. Truist Financial cut their price objective on shares of Equity LifeStyle Properties from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada cut their price objective on shares of Equity LifeStyle Properties from $69.00 to $68.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird lifted their price objective on shares of Equity LifeStyle Properties from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. BMO Capital Markets cut their price objective on shares of Equity LifeStyle Properties from $78.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Finally, Evercore ISI cut their price objective on shares of Equity LifeStyle Properties from $74.00 to $73.00 and set an “in-line” rating on the stock in a research report on Tuesday, January 28th.

Insider Activity

In other news, CFO Paul Seavey sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $64.72, for a total value of $647,200.00. Following the sale, the chief financial officer now directly owns 78,162 shares of the company’s stock, valued at $5,058,644.64. This represents a 11.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Trading of Equity LifeStyle Properties

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in shares of Equity LifeStyle Properties by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,761,879 shares of the real estate investment trust’s stock valued at $339,713,000 after purchasing an additional 147,332 shares during the period. Park Avenue Securities LLC acquired a new position in Equity LifeStyle Properties during the fourth quarter worth $237,000. Ritholtz Wealth Management acquired a new position in Equity LifeStyle Properties during the fourth quarter worth $484,000. Avanza Fonder AB acquired a new position in Equity LifeStyle Properties during the fourth quarter worth $917,000. Finally, UMB Bank n.a. grew its holdings in shares of Equity LifeStyle Properties by 68.2% during the fourth quarter. UMB Bank n.a. now owns 898 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 364 shares in the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Equity LifeStyle Properties Trading Up 1.7%

NYSE:ELS opened at $64.89 on Friday. Equity LifeStyle Properties has a one year low of $58.86 and a one year high of $76.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.03 and a current ratio of 0.02. The firm has a market cap of $12.41 billion, a P/E ratio of 33.27, a P/E/G ratio of 3.02 and a beta of 0.76. The firm has a 50-day simple moving average of $65.16 and a 200-day simple moving average of $66.99.

Equity LifeStyle Properties (NYSE:ELS) last posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. Equity LifeStyle Properties had a net margin of 24.05% and a return on equity of 23.12%. The business had revenue of $327.21 million during the quarter, compared to analyst estimates of $391.34 million. During the same quarter in the previous year, the business posted $0.59 EPS. Equities analysts anticipate that Equity LifeStyle Properties will post 3.07 EPS for the current fiscal year.

Equity LifeStyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, June 27th. Equity LifeStyle Properties’s dividend payout ratio (DPR) is currently 106.74%.

Equity LifeStyle Properties Company Profile

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.