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

Equity Lifestyle Properties, Inc. (NYSE:ELS) has been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $70.1923.

A number of equities analysts recently weighed in on the company. Wall Street Zen upgraded Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a research report on Sunday, February 1st. Truist Financial set a $66.00 target price on shares of Equity Lifestyle Properties and gave the stock a “hold” rating in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft downgraded shares of Equity Lifestyle Properties from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Tuesday, January 20th. Barclays restated an “overweight” rating and issued a $71.00 price target (up previously from $68.00) on shares of Equity Lifestyle Properties in a research report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Lifestyle Properties in a research note on Thursday, January 22nd.

Equity Lifestyle Properties Stock Performance

ELS opened at $67.87 on Tuesday. The company has a quick ratio of 0.05, a current ratio of 0.04 and a debt-to-equity ratio of 0.30. The firm has a market cap of $13.15 billion, a PE ratio of 33.76, a P/E/G ratio of 3.76 and a beta of 0.76. The business has a fifty day simple moving average of $62.61 and a 200-day simple moving average of $61.75. Equity Lifestyle Properties has a fifty-two week low of $58.15 and a fifty-two week high of $70.35.

Equity Lifestyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.5425 per share. This is a positive change from Equity Lifestyle Properties’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, March 27th. Equity Lifestyle Properties’s dividend payout ratio is presently 102.49%.

Institutional Investors Weigh In On Equity Lifestyle Properties

Several hedge funds have recently bought and sold shares of ELS. Allspring Global Investments Holdings LLC acquired a new position in Equity Lifestyle Properties during the 3rd quarter worth $1,243,000. Andra AP fonden increased its stake in shares of Equity Lifestyle Properties by 34.9% in the second quarter. Andra AP fonden now owns 352,400 shares of the real estate investment trust’s stock worth $21,733,000 after purchasing an additional 91,100 shares during the period. Achmea Investment Management B.V. bought a new position in shares of Equity Lifestyle Properties in the second quarter worth about $1,039,000. AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Equity Lifestyle Properties by 910.4% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 100,390 shares of the real estate investment trust’s stock worth $6,091,000 after purchasing an additional 90,454 shares during the last quarter. Finally, Creative Planning boosted its stake in Equity Lifestyle Properties by 191.3% during the 2nd quarter. Creative Planning now owns 30,420 shares of the real estate investment trust’s stock valued at $1,876,000 after purchasing an additional 19,977 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

About Equity Lifestyle Properties

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.