Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $70.1364.

A number of equities analysts have issued reports on ELS shares. Morgan Stanley reduced their price objective on shares of Equity Lifestyle Properties from $67.50 to $62.50 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Wells Fargo & Company reduced their price target on Equity Lifestyle Properties from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Evercore ISI reduced their price target on Equity Lifestyle Properties from $67.00 to $65.00 and set an “inline” rating on the stock in a research report on Thursday, October 23rd. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Wednesday, October 8th.

Equity Lifestyle Properties Stock Down 0.1%

NYSE ELS opened at $62.47 on Thursday. Equity Lifestyle Properties has a 1-year low of $58.15 and a 1-year high of $70.55. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 3.48 and a beta of 0.78. The stock’s 50 day moving average is $61.84 and its two-hundred day moving average is $61.65. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.27.

Equity Lifestyle Properties (NYSE:ELS) last issued its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $393.31 million for the quarter, compared to the consensus estimate of $389.39 million. Equity Lifestyle Properties had a net margin of 24.97% and a return on equity of 20.99%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. Equities analysts forecast that Equity Lifestyle Properties will post 3.07 earnings per share for the current fiscal year.

Equity Lifestyle Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, December 26th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 103.52%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wiser Advisor Group LLC bought a new stake in shares of Equity Lifestyle Properties during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group lifted its stake in Equity Lifestyle Properties by 673.7% in the first quarter. Brooklyn Investment Group now owns 441 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 384 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Equity Lifestyle Properties by 943.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 453 shares during the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Equity Lifestyle Properties in the 3rd quarter valued at about $34,000. Finally, Bessemer Group Inc. increased its stake in shares of Equity Lifestyle Properties by 126.9% during the 3rd quarter. Bessemer Group Inc. now owns 574 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 321 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

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.