Equity Lifestyle Properties’ (ELS) “Equal Weight” Rating Reiterated at Barclays

Barclays reiterated their equal weight rating on shares of Equity Lifestyle Properties (NYSE:ELS) in a research note published on Tuesday, MarketBeat Ratings reports. They currently have a $68.00 price target on the real estate investment trust’s stock.

Other analysts also recently issued reports about the company. Mizuho started coverage on Equity Lifestyle Properties in a research report on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 price objective on the stock. Robert W. Baird lifted their price objective on Equity Lifestyle Properties from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Zelman & Associates initiated coverage on shares of Equity Lifestyle Properties in a research note on Monday, March 16th. They issued an “underperform” rating and a $59.25 target price for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Wednesday, April 15th. Finally, Wells Fargo & Company cut their price objective on shares of Equity Lifestyle Properties from $70.00 to $69.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Equity Lifestyle Properties presently has a consensus rating of “Moderate Buy” and an average target price of $68.92.

Equity Lifestyle Properties Stock Performance

NYSE ELS opened at $65.82 on Tuesday. The firm has a market cap of $12.76 billion, a P/E ratio of 32.91, a P/E/G ratio of 3.88 and a beta of 0.66. Equity Lifestyle Properties has a 52-week low of $58.15 and a 52-week high of $69.00. The business’s 50-day moving average price is $63.34 and its 200 day moving average price is $64.00. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.28). The company had revenue of $397.62 million for the quarter, compared to analysts’ expectations of $395.71 million. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. On average, equities research analysts expect that Equity Lifestyle Properties will post 3.18 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a dividend of $0.5425 per share. The ex-dividend date was Friday, June 26th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.3%. Equity Lifestyle Properties’s payout ratio is presently 108.50%.

Institutional Investors Weigh In On Equity Lifestyle Properties

Several institutional investors have recently bought and sold shares of ELS. GoalVest Advisory LLC acquired a new stake in Equity Lifestyle Properties in the 4th quarter valued at $25,000. Wiser Advisor Group LLC purchased a new position in Equity Lifestyle Properties in the 3rd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its position 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 in the last quarter. Clearstead Trust LLC grew its position in Equity Lifestyle Properties by 74.8% in the fourth quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 231 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of Equity Lifestyle Properties during the third quarter valued at approximately $34,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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.