Equity LifeStyle Properties, Inc. (NYSE:ELS) Receives Average Rating of “Hold” from Brokerages

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS – Get Rating) have earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $76.28.

A number of research firms have commented on ELS. Barclays raised their price target on Equity LifeStyle Properties from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, February 15th. Robert W. Baird raised their price target on Equity LifeStyle Properties from $68.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. Citigroup raised their price target on Equity LifeStyle Properties from $62.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, February 3rd. Royal Bank of Canada decreased their price target on Equity LifeStyle Properties from $72.00 to $70.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 19th. Finally, Wells Fargo & Company started coverage on Equity LifeStyle Properties in a report on Wednesday, March 29th. They issued an “overweight” rating and a $75.50 target price on the stock.

Equity LifeStyle Properties Price Performance

NYSE ELS opened at $64.10 on Wednesday. The company has a market capitalization of $11.94 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 4.60 and a beta of 0.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.03 and a current ratio of 0.03. The business’s fifty day moving average is $66.55 and its 200 day moving average is $66.77. Equity LifeStyle Properties has a fifty-two week low of $56.91 and a fifty-two week high of $77.59.

Equity LifeStyle Properties (NYSE:ELS – Get Rating) last released its earnings results on Tuesday, April 18th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.31). The company had revenue of $370.00 million for the quarter, compared to analysts’ expectations of $351.71 million. Equity LifeStyle Properties had a net margin of 19.50% and a return on equity of 18.71%. Equity LifeStyle Properties’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. Sell-side analysts predict that Equity LifeStyle Properties will post 2.84 earnings per share for the current year.

Equity LifeStyle Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a $0.447 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $1.79 annualized dividend and a yield of 2.79%. Equity LifeStyle Properties’s dividend payout ratio is currently 117.76%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Beese Fulmer Investment Management Inc. raised its position in shares of Equity LifeStyle Properties by 2.2% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 7,012 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 150 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Equity LifeStyle Properties by 6.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,441 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 152 shares in the last quarter. NewEdge Wealth LLC raised its position in shares of Equity LifeStyle Properties by 2.7% in the 1st quarter. NewEdge Wealth LLC now owns 6,123 shares of the real estate investment trust’s stock worth $411,000 after acquiring an additional 159 shares in the last quarter. Vident Investment Advisory LLC raised its position in shares of Equity LifeStyle Properties by 1.2% in the 4th quarter. Vident Investment Advisory LLC now owns 14,956 shares of the real estate investment trust’s stock worth $966,000 after acquiring an additional 178 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its position in shares of Equity LifeStyle Properties by 0.5% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 37,919 shares of the real estate investment trust’s stock worth $2,450,000 after acquiring an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 90.65% of the company’s stock.

About Equity LifeStyle Properties

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Equity LifeStyle Properties, Inc is a real estate investment trust, which engages in the ownership and operation of lifestyle-oriented properties consisting primarily of manufactured home, and recreational vehicle communities. It operates through the following segments: Property Operations and Home Sales and Rentals Operations.