Equity Lifestyle Properties (NYSE:ELS) Now Covered by Analysts at Mizuho

Mizuho began coverage on shares of Equity Lifestyle Properties (NYSE:ELS) in a research report report published on Tuesday, MarketBeat reports. The brokerage issued an outperform rating and a $72.00 price objective on the real estate investment trust’s stock.

ELS has been the topic of a number of other research reports. Royal Bank Of Canada restated an “outperform” rating and set a $70.00 price target on shares of Equity Lifestyle Properties in a report on Friday, January 30th. BMO Capital Markets reiterated an “outperform” rating and set a $75.00 price objective (up from $72.00) on shares of Equity Lifestyle Properties in a research report on Wednesday, February 18th. Robert W. Baird set a $73.00 target price on shares of Equity Lifestyle Properties in a research note on Friday, January 30th. Zacks Research raised Equity Lifestyle Properties from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $70.00 price target (up from $68.00) on shares of Equity Lifestyle Properties in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.78.

Equity Lifestyle Properties Price Performance

NYSE ELS opened at $62.40 on Tuesday. The stock’s 50-day moving average price is $65.73 and its two-hundred day moving average price is $63.01. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.30. The company has a market cap of $12.10 billion, a PE ratio of 31.04, a PEG ratio of 3.48 and a beta of 0.75. Equity Lifestyle Properties has a 1 year low of $58.15 and a 1 year high of $69.15.

Equity Lifestyle Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.5425 per share. This is an increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, March 27th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.5%. Equity Lifestyle Properties’s dividend payout ratio (DPR) is 107.96%.

Insider Activity at Equity Lifestyle Properties

In other news, Director David J. Contis sold 3,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $67.22, for a total value of $201,660.00. Following the transaction, the director directly owned 14,890 shares of the company’s stock, valued at approximately $1,000,905.80. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ELS. Purpose Unlimited Inc. acquired a new position in Equity Lifestyle Properties during the fourth quarter worth $106,000. Hsbc Holdings PLC lifted its position in shares of Equity Lifestyle Properties by 16.5% in the fourth quarter. Hsbc Holdings PLC now owns 581,460 shares of the real estate investment trust’s stock worth $35,245,000 after buying an additional 82,142 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Equity Lifestyle Properties by 147.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 11,336 shares of the real estate investment trust’s stock worth $687,000 after buying an additional 6,751 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Equity Lifestyle Properties by 4.4% during the 4th quarter. Corient Private Wealth LLC now owns 31,900 shares of the real estate investment trust’s stock worth $1,934,000 after acquiring an additional 1,333 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Equity Lifestyle Properties by 379.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,402 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 1,901 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity Lifestyle Properties Company Profile

Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.