Equity Lifestyle Properties (NYSE:ELS) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Equity Lifestyle Properties (NYSE:ELS) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

ELS has been the topic of several other reports. Wall Street Zen lowered Equity Lifestyle Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Compass Point raised Equity Lifestyle Properties from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th. Truist Financial set a $68.00 price target on Equity Lifestyle Properties and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company dropped their price target on Equity Lifestyle Properties from $82.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.05.

Equity Lifestyle Properties Price Performance

Equity Lifestyle Properties stock opened at $63.35 on Monday. The stock’s 50 day moving average is $61.02 and its 200 day moving average is $62.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market cap of $12.28 billion, a P/E ratio of 32.82, a P/E/G ratio of 3.40 and a beta of 0.71. Equity Lifestyle Properties has a one year low of $58.15 and a one year high of $73.67.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. Equity Lifestyle Properties had a return on equity of 21.12% and a net margin of 24.13%.The business’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. Equity Lifestyle Properties has set its FY 2025 guidance at 3.010-3.110 EPS. Q4 2025 guidance at 0.750-0.810 EPS. As a group, research analysts expect that Equity Lifestyle Properties will post 3.07 EPS for the current year.

Equity Lifestyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a dividend of $0.515 per share. The ex-dividend date was Friday, September 26th. This represents a $2.06 annualized dividend and a yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is 106.74%.

Institutional Investors Weigh In On Equity Lifestyle Properties

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Equity Lifestyle Properties by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 25,151,151 shares of the real estate investment trust’s stock valued at $1,677,582,000 after purchasing an additional 97,306 shares during the period. State Street Corp grew its stake in Equity Lifestyle Properties by 1.8% in the 2nd quarter. State Street Corp now owns 13,268,436 shares of the real estate investment trust’s stock valued at $824,943,000 after purchasing an additional 237,090 shares during the period. Principal Financial Group Inc. grew its stake in Equity Lifestyle Properties by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 6,349,010 shares of the real estate investment trust’s stock valued at $423,479,000 after purchasing an additional 278,193 shares during the period. Victory Capital Management Inc. grew its stake in Equity Lifestyle Properties by 15.1% in the 1st quarter. Victory Capital Management Inc. now owns 5,330,066 shares of the real estate investment trust’s stock valued at $355,515,000 after purchasing an additional 699,877 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Equity Lifestyle Properties by 12.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,724,515 shares of the real estate investment trust’s stock valued at $291,363,000 after purchasing an additional 515,063 shares during the period. Institutional investors own 97.21% of the company’s stock.

About Equity Lifestyle Properties

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.