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

Shares of Equity Lifestyle Properties, Inc. (NYSE:ELS) have earned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $69.1964.

ELS has been the topic of several analyst reports. 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 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Lifestyle Properties from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Wednesday, April 15th. Mizuho initiated coverage on shares of Equity Lifestyle Properties in a research note on Tuesday, March 31st. They issued an “outperform” rating and a $72.00 price target on the stock. Truist Financial set a $67.00 price target on shares of Equity Lifestyle Properties and gave the company a “hold” rating in a research note on Tuesday, May 5th. Finally, Robert W. Baird raised their price target on shares of Equity Lifestyle Properties from $73.00 to $74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd.

Equity Lifestyle Properties Price Performance

Shares of NYSE:ELS opened at $61.55 on Thursday. The firm’s 50 day moving average is $63.15 and its two-hundred day moving average is $63.57. Equity Lifestyle Properties has a 52 week low of $58.15 and a 52 week high of $69.00. The firm has a market capitalization of $11.94 billion, a P/E ratio of 30.78, a PEG ratio of 3.74 and a beta of 0.67. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.29.

Equity Lifestyle Properties (NYSE:ELS) last announced its quarterly earnings results 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). Equity Lifestyle Properties had a net margin of 24.99% and a return on equity of 21.22%. The firm had revenue of $397.62 million during the quarter, compared to analyst estimates of $395.71 million. During the same quarter in the previous year, the business posted $0.57 EPS. Equity Lifestyle Properties’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that Equity Lifestyle Properties will post 3.18 earnings per share for the current year.

Equity Lifestyle Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.17 annualized dividend and a yield of 3.5%. Equity Lifestyle Properties’s payout ratio is presently 108.50%.

Insider Buying and Selling

In related news, Director David J. Contis sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $67.22, for a total transaction of $201,660.00. Following the sale, the director owned 14,890 shares of the company’s stock, valued at $1,000,905.80. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Equity Lifestyle Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Equity Lifestyle Properties by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 25,477,480 shares of the real estate investment trust’s stock worth $1,544,190,000 after purchasing an additional 592,013 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Equity Lifestyle Properties by 303.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,948,613 shares of the real estate investment trust’s stock worth $966,648,000 after purchasing an additional 11,999,874 shares in the last quarter. Cohen & Steers Inc. raised its holdings in Equity Lifestyle Properties by 26.8% during the fourth quarter. Cohen & Steers Inc. now owns 10,614,040 shares of the real estate investment trust’s stock worth $643,331,000 after purchasing an additional 2,246,622 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Equity Lifestyle Properties by 32.5% during the third quarter. Victory Capital Management Inc. now owns 6,823,626 shares of the real estate investment trust’s stock worth $414,194,000 after purchasing an additional 1,674,281 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Equity Lifestyle Properties by 1.0% during the first quarter. Principal Financial Group Inc. now owns 6,435,365 shares of the real estate investment trust’s stock worth $401,698,000 after purchasing an additional 66,772 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

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.