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

Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) have received an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $68.85.

A number of brokerages have issued reports on ELS. Truist Financial decreased their price target on Equity LifeStyle Properties from $72.00 to $65.00 and set a “hold” rating for the company in a report on Thursday, May 2nd. Barclays lowered their price target on Equity LifeStyle Properties from $78.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, April 26th.

Equity LifeStyle Properties Trading Up 0.3 %

Shares of Equity LifeStyle Properties stock opened at $64.44 on Thursday. The stock has a market cap of $12.02 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 3.69 and a beta of 0.75. The firm has a fifty day moving average price of $62.68 and a 200 day moving average price of $65.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.03 and a quick ratio of 0.03. Equity LifeStyle Properties has a 1 year low of $59.82 and a 1 year high of $74.04.

Equity LifeStyle Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, June 28th. Equity LifeStyle Properties’s payout ratio is 104.37%.

Institutional Trading of Equity LifeStyle Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELS. Vanguard Group Inc. increased its stake in shares of Equity LifeStyle Properties by 1.0% during the first quarter. Vanguard Group Inc. now owns 25,069,389 shares of the real estate investment trust’s stock worth $1,614,469,000 after buying an additional 240,853 shares during the period. Aristotle Capital Management LLC boosted its position in shares of Equity LifeStyle Properties by 17.1% in the 3rd quarter. Aristotle Capital Management LLC now owns 11,536,605 shares of the real estate investment trust’s stock worth $734,997,000 after buying an additional 1,681,198 shares in the last quarter. Chai Trust Co. LLC grew its stake in Equity LifeStyle Properties by 1.1% in the 3rd quarter. Chai Trust Co. LLC now owns 9,055,685 shares of the real estate investment trust’s stock valued at $576,938,000 after acquiring an additional 102,696 shares during the last quarter. Norges Bank purchased a new position in shares of Equity LifeStyle Properties during the 4th quarter worth approximately $455,623,000. Finally, Boston Partners raised its stake in Equity LifeStyle Properties by 4.2% in the 1st quarter. Boston Partners now owns 2,842,566 shares of the real estate investment trust’s stock valued at $183,035,000 after purchasing an additional 113,891 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Equity LifeStyle Properties Company Profile

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 29, 2024, we own or have an interest in 451 properties in 35 states and British Columbia consisting of 172,465 sites.