Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $70.2692.

Several equities research analysts have weighed in on ELS shares. Robert W. Baird set a $73.00 price target on shares of Equity Lifestyle Properties in a research report on Friday, January 30th. Wall Street Zen upgraded shares of Equity Lifestyle Properties from a “sell” rating to a “hold” rating in a report on Sunday, February 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a $70.00 target price on shares of Equity Lifestyle Properties in a research note on Friday, January 30th. Barclays restated an “overweight” rating and set a $71.00 price target (up previously from $68.00) on shares of Equity Lifestyle Properties in a report on Thursday, February 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 price objective (up previously from $72.00) on shares of Equity Lifestyle Properties in a report on Wednesday, February 18th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ELS. GoalVest Advisory LLC bought a new stake in shares of Equity Lifestyle Properties during the 4th quarter valued at about $25,000. Wiser Advisor Group LLC purchased a new stake in Equity Lifestyle Properties in the third quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $30,000 after acquiring an additional 453 shares in the last quarter. Clearstead Trust LLC grew its holdings in shares of 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 acquiring an additional 231 shares during the period. Finally, Fulcrum Asset Management LLP bought a new position in shares of Equity Lifestyle Properties in the 3rd quarter worth approximately $34,000. 97.21% of the stock is currently owned by institutional investors.

Equity Lifestyle Properties Price Performance

Shares of Equity Lifestyle Properties stock opened at $68.00 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.04. Equity Lifestyle Properties has a one year low of $58.15 and a one year high of $70.35. The business’s 50 day simple moving average is $63.23 and its two-hundred day simple moving average is $61.97. The stock has a market capitalization of $13.19 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 3.75 and a beta of 0.76.

Equity Lifestyle Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, March 27th. 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 yield of 3.2%. Equity Lifestyle Properties’s payout ratio is 107.96%.

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.