Equity Lifestyle Properties, Inc. (NYSE:ELS) Stock Has Average Price Target of $67.88 According to Analysts

Equity Lifestyle Properties, Inc. (NYSE:ELS) has been given an average rating of “Hold” by the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $68.02.

ELS has been the topic of several research reports. Odeon Capital Group set a $65.00 price target on shares of Equity Lifestyle Properties in a research note on Thursday, July 9th. Mizuho reissued a “neutral” rating and issued a $65.00 price objective (down from $72.00) on shares of Equity Lifestyle Properties in a report on Monday, September 21st. Evercore set a $68.00 target price on shares of Equity Lifestyle Properties in a research report on Monday, September 21st. UBS Group lowered their target price on shares of Equity Lifestyle Properties from $76.00 to $67.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Weiss Ratings downgraded shares of Equity Lifestyle Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th.

Institutional Investors Weigh In On Equity Lifestyle Properties

Hedge funds have recently made changes to their positions in the stock. CX Institutional boosted its holdings in Equity Lifestyle Properties by 1,288.6% in the third quarter. CX Institutional now owns 611 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 567 shares during the last quarter. Versant Capital Management Inc bought a new position in Equity Lifestyle Properties during the 3rd quarter worth approximately $26,000. QRG Capital Management Inc. raised its holdings in Equity Lifestyle Properties by 4.7% during the 2nd quarter. QRG Capital Management Inc. now owns 12,531 shares of the real estate investment trust’s stock worth $808,000 after purchasing an additional 561 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Equity Lifestyle Properties by 10.6% in the 2nd quarter. Tidal Investments LLC now owns 185,999 shares of the real estate investment trust’s stock worth $11,988,000 after purchasing an additional 17,878 shares during the period. Finally, Van Hulzen Asset Management LLC acquired a new position in shares of Equity Lifestyle Properties in the 2nd quarter worth approximately $709,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Equity Lifestyle Properties Trading Up 0.4%

Shares of NYSE:ELS opened at $58.70 on Wednesday. Equity Lifestyle Properties has a 12-month low of $57.46 and a 12-month high of $69.00. The stock has a market cap of $11.39 billion, a PE ratio of 28.22, a P/E/G ratio of 3.47 and a beta of 0.63. The business has a 50 day moving average of $62.62 and a 200-day moving average of $63.28. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.31.

Equity Lifestyle Properties (NYSE:ELS) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.22). The firm had revenue of $397.81 million for the quarter, compared to the consensus estimate of $383.66 million. Equity Lifestyle Properties had a return on equity of 22.31% and a net margin of 25.92%.Equity Lifestyle Properties’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. As a group, equities research analysts forecast that Equity Lifestyle Properties will post 3.2 earnings per share for the current year.

Equity Lifestyle Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 25th. Equity Lifestyle Properties’s dividend payout ratio (DPR) is currently 104.33%.

About Equity Lifestyle Properties

Equity LifeStyle Properties, Inc (NYSE:ELS) is a real estate investment trust that owns and operates manufactured home communities, recreational vehicle resorts and marinas. Its properties provide residential sites for manufactured homes and park model homes, as well as vacation-oriented accommodations and facilities for RV owners and boaters.

The company serves a range of residents and travelers through long-term manufactured housing communities, seasonal and transient RV resorts, and marina properties.