Brokerages Set Equity Lifestyle Properties, Inc. (NYSE:ELS) Target Price at $68.92

Equity Lifestyle Properties, Inc. (NYSE:ELS) has been given a consensus rating of “Moderate Buy” by the eighteen research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $68.9167.

A number of equities analysts recently weighed in on the stock. Mizuho assumed coverage on shares of Equity Lifestyle Properties in a research report on Tuesday, March 31st. They set an “outperform” rating and a $72.00 price objective for the company. Truist Financial set a $67.00 price target on Equity Lifestyle Properties and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft upgraded Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, April 15th. Weiss Ratings raised Equity Lifestyle Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Finally, Odeon Capital Group set a $65.00 price objective on Equity Lifestyle Properties in a report on Thursday, July 9th.

Equity Lifestyle Properties Stock Up 0.0%

Shares of NYSE:ELS opened at $65.77 on Friday. The business has a 50-day moving average price of $63.39 and a 200 day moving average price of $64.03. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 4.00 and a beta of 0.66. Equity Lifestyle Properties has a 12-month low of $58.15 and a 12-month high of $69.00.

Equity Lifestyle Properties (NYSE:ELS) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.28). The company had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 EPS. Sell-side analysts expect that Equity Lifestyle Properties will post 3.18 EPS for the current year.

Equity Lifestyle Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were paid 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 yield of 3.3%. Equity Lifestyle Properties’s dividend payout ratio is 108.50%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GoalVest Advisory LLC acquired a new position in shares of Equity Lifestyle Properties in the fourth quarter worth $25,000. Wiser Advisor Group LLC acquired a new position in Equity Lifestyle Properties during the 3rd quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its stake in Equity Lifestyle Properties by 943.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 501 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 453 shares in the last quarter. Clearstead Trust LLC increased its holdings in Equity Lifestyle Properties by 74.8% during the 4th quarter. Clearstead Trust LLC now owns 540 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 231 shares during the period. Finally, Fulcrum Asset Management LLP purchased a new stake in Equity Lifestyle Properties during the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

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.