Equity LifeStyle Properties, Inc. (NYSE:ELS) Given Consensus Rating of “Hold” by Analysts

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) have received a consensus rating of “Hold” from the nine research firms that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $68.94.

A number of research firms recently weighed in on ELS. Truist Financial upped their target price on shares of Equity LifeStyle Properties from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Evercore ISI increased their price objective on Equity LifeStyle Properties from $69.00 to $72.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 23rd. Barclays reduced their target price on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating for the company in a research report on Friday, April 26th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $68.00 price target on shares of Equity LifeStyle Properties in a research report on Wednesday, July 24th.

Equity LifeStyle Properties Trading Down 1.2 %

NYSE:ELS opened at $70.22 on Friday. Equity LifeStyle Properties has a 1 year low of $59.82 and a 1 year high of $74.04. The stock’s fifty day moving average price is $67.20 and its two-hundred day moving average price is $65.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market cap of $13.10 billion, a P/E ratio of 38.37, a P/E/G ratio of 4.06 and a beta of 0.77.

Equity LifeStyle Properties (NYSE:ELS) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.23). The company had revenue of $380.00 million for the quarter, compared to analysts’ expectations of $334.53 million. Equity LifeStyle Properties had a return on equity of 23.71% and a net margin of 23.56%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. As a group, analysts expect that Equity LifeStyle Properties will post 2.91 EPS for the current year.

Equity LifeStyle Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.4775 per share. The ex-dividend date is Friday, September 27th. This is a positive change from Equity LifeStyle Properties’s previous quarterly dividend of $0.48. This represents a $1.91 annualized dividend and a dividend yield of 2.72%. Equity LifeStyle Properties’s dividend payout ratio is 104.37%.

Insider Activity at Equity LifeStyle Properties

In other Equity LifeStyle Properties news, COO Patrick Waite sold 20,820 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $70.23, for a total value of $1,462,188.60. Following the completion of the sale, the chief operating officer now owns 221,777 shares of the company’s stock, valued at $15,575,398.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Equity LifeStyle Properties

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Equity LifeStyle Properties by 1.0% in the first quarter. Vanguard Group Inc. now owns 25,069,389 shares of the real estate investment trust’s stock worth $1,614,469,000 after purchasing an additional 240,853 shares during the last quarter. Norges Bank purchased a new position in shares of Equity LifeStyle Properties in the fourth quarter worth about $455,623,000. Victory Capital Management Inc. lifted its stake in shares of Equity LifeStyle Properties by 7.8% in the 2nd quarter. Victory Capital Management Inc. now owns 4,609,806 shares of the real estate investment trust’s stock valued at $300,237,000 after acquiring an additional 331,945 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Equity LifeStyle Properties by 5.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,218,638 shares of the real estate investment trust’s stock valued at $209,630,000 after acquiring an additional 153,715 shares during the period. Finally, Boston Partners grew its position in Equity LifeStyle Properties by 4.2% during the 1st quarter. Boston Partners now owns 2,842,566 shares of the real estate investment trust’s stock worth $183,035,000 after acquiring an additional 113,891 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.