Equity LifeStyle Properties, Inc. (NYSE:ELS – Get Rating) earned an average “Hold” recommendation from the nine rating firms that cover the company, reports Marketbeat.com. One equity research analyst gave the stock a sell rating, two assigned a hold rating, and two assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the past year is $74.14.
Several stock analysts have recently commented on ELS shares. Evercore ISI cut the price target on shares of Equity LifeStyle Properties from $71.00 to $70.00 in a report on Tuesday, September 27. Robert W. Baird lowered the price target on Equity LifeStyle Properties shares from $76.00 to $68.00 in a research note on Tuesday, October 25. Truist Financial raised its price target on shares of Equity LifeStyle Properties to $71.00 from $67.00 and gave the shares a “buy” rating in a research note on Wednesday, November 30. Barclays lowered its price target on Equity LifeStyle Properties shares from $92.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, October 7. Finally, Royal Bank of Canada lowered the price target on Equity LifeStyle Properties shares from $71.00 to $68.00 and set a “sector performance” rating for the company in a research note on Wednesday, October 19.
Equity LifeStyle Properties Price Performance
NYSE:ELS shares opened at $65.00 on Friday. The company has a market capitalization of $12.1 billion, a PE ratio of 43.33, a price/earnings growth ratio of 4.74, and a beta of 0.62. The company’s fifty-day moving average is $63.54 and its 200-day moving average is $68.13. The company has a debt to equity ratio of 0.39, a quick ratio of 0.03, and a current ratio of 0.03. Equity LifeStyle Properties has a 52-week minimum of $56.91 and a 52-week maximum of $88.70.
Equity LifeStyle Properties (NYSE:ELS – Get Rating) last issued its quarterly earnings results on Tuesday, October 18. The Real Estate Investment Trust reported $0.36 EPS for the quarter, missing analyst consensus estimates of $0.37 per ($0.01). The business had revenue of $381.00 million in the quarter, compared with analyst estimates of $375.16 million. Equity LifeStyle Properties had a return on equity of 18.30% and a net margin of 19.36%. Equity LifeStyle Properties revenue for the quarter increased 9.7% year-over-year. During the same quarter last year, the company posted $0.65 EPS. Sell-side analysts predict Equity LifeStyle Properties to post 2.65 earnings per share for the current year.
Equity LifeStyle Properties Announces Dividends
The company also recently declared a quarterly dividend, to be paid on Friday, January 13. Shareholders of record on Friday, December 30 will receive a dividend of $0.41. This represents an annualized dividend of $1.64 and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, December 29. Equity LifeStyle Properties’ Dividend Payout Ratio (DPR) is currently 109.33%.
Institutional investors weigh in on equities LifeStyle Properties
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Investment Managers Aurora LLC. increased its stake in Equity LifeStyle Properties by 1.5% in the third quarter. Investment Managers Aurora LLC. He now owns 12,343 shares of the real estate investment trust valued at $776,000 after purchasing an additional 185 shares in the last quarter. Utah Retirement Systems increased its stake in Equity LifeStyle Properties by 0.6% in the first quarter. Utah Retirement Systems now owns 31,704 shares of the real estate investment trust valued at $2,425,000 after purchasing an additional 200 shares last quarter. First Horizon Advisors Inc. increased its stake in Equity LifeStyle Properties by 70.1% in the second quarter. First Horizon Advisors Inc. now owns 546 shares of the real estate investment trust valued at $38,000 after purchasing an additional 225 shares in the last quarter. Delphia USA Inc. increased its stake in Equity LifeStyle Properties by 10.2% in the second quarter. Delphia USA Inc. now owns 2,928 shares of the real estate investment trust valued at $206,000 after purchasing an additional 270 shares in the last quarter. Finally, Corient Capital Partners LLC increased its stake in Equity LifeStyle Properties by 3.3% in the second quarter. Corient Capital Partners LLC now owns 8,756 shares of the real estate investment trust valued at $617,000 after purchasing an additional 282 shares in the last quarter. 90.65% of the shares are owned by institutional investors.
About Equity LifeStyle Properties
(Get rating)
We are a self-managed and self-managed real estate investment trust (REIT) based in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.
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